Wormhole Unveils Multi-Chain Ambitions for W Token with Comprehensive Roadmap

Ahead of its token launch and airdrop, Wormhole has shared the forthcoming roadmap for its native token W, with ambitions to establish it as a multichain token. Key details of the project's plans include: launching W as an SPL native token on Solana, expanding it to EVM chains via Wormhole Native Token Transfers (NTT), and enabling W holders to lock and delegate their tokens across both Solana and EVM chains.

Wormhole Announces Token Roadmap, Expanding W Token to Multiple Chains

Solana, April 3, 2024 - Cross-chain infrastructure provider Wormhole has unveiled a comprehensive roadmap for the development of its native token, W, with the ambition of establishing it as a multi-chain token.

Launching on Solana as a Native SPL Token

W will initially debut as a native SPL token on the Solana blockchain. Wormhole selected Solana for its scalability, low transaction fees, and lightning-fast processing speeds.

Expansion to EVM Chains via Wormhole NTT

Following its successful launch on Solana, W will be expanded to all Wormhole-connected EVM chains through the use of the project's Native Token Transfers (NTT) framework.

NTT enables W to seamlessly traverse Solana, the Ethereum mainnet, and layer-2 solutions without fragmenting liquidity and compromising utility. In essence, NTT is an open-source framework that facilitates cross-chain token transfers without the need for liquidity pools. Through NTT, projects maintain full control over how their tokens operate on each chain while preserving the platform's security.

Delegation and the Wormhole DAO

Token delegation is a pivotal feature for on-chain governance, and Wormhole has integrated this capability into its ecosystem.

W holders can stake and delegate their tokens to participate in the platform's critical decision-making processes, both on Solana and EVM chains.

Furthermore, the Wormhole DAO, composed of W holders, will govern the ecosystem through an industry-first multi-chain governance system that will operate across Solana, Ethereum, and EVM layer-2 networks.

Upcoming Token Launch and Airdrop

As previously reported by Coin68, Wormhole will formally launch its token and airdrop 617.3 million W tokens later today (UTC). Several major exchanges, including Binance, OKX, and Huobi, have already announced their listing schedules for W.

With 1.8 billion tokens set to be issued and a pre-market price hovering around $1.65, W could potentially enter the market with a valuation close to $3 billion.

It is worth noting that Wormhole successfully raised $225 million in funding from notable venture capital firms in November of last year, following its announcement of independence from Jump Crypto.

About Wormhole

Wormhole is a cross-chain communication protocol that facilitates the secure and trustless transfer of assets, messages, and data across multiple blockchains. By enabling seamless communication between disparate ecosystems, Wormhole aims to create a more interconnected and interoperable blockchain landscape.

Additional Resources:

• [Participate in the Wormhole Airdrop Discussion](https://t.me/coin68official)
• [Cross-Chain Wormhole Announces W Token Airdrop](https://coin68.com/wormhole-airdrop-token-w/)