Wormhole Announces Eligibility Checker for $W Token Airdrop – Now Live

Wormhole, a leading interoperability platform in the web3 space, has unveiled its eligibility checker for the upcoming airdrop of its native token, W. This tool allows users to determine if they qualify for the airdrop, designed to decentralize the protocol and reward its dedicated community.

Key Highlights

• Token Supply: W has a total supply of 10 billion tokens.
• Initial Circulation: 1.8 billion tokens will be in circulation initially across Ethereum, Solana, Arbitrum, Optimism, and Base.
• Airdrop Allocation: 617,305,000 W tokens (6.17% of total supply) have been allocated for the community airdrop.
• Decentralization Focus: The airdrop is designed to decentralize the Wormhole protocol and further its goal of permissionless operation.

Eligibility Criteria

The airdrop prioritizes those who have demonstrated significant engagement with the Wormhole ecosystem:

• On-Chain Activity: Users who interacted with Wormhole-powered applications across 30+ blockchains.
• Engagement: Length of interaction with the protocol, the volume of messages/transfers, and consistency of use were key factors.
• Community Participation: Members of the Wormhole Discord(Spacewalker and Extraterrestrialroles), NFT communities, the Monad community, and Pyth stakers are also eligible.
• Snapshot: A snapshot was taken on February 6, 2024, at 23:59 UTC to determine eligibility.
• Number of Eligible Wallets: Approximately 397,704 wallets are eligible for the airdrop.

Special Allocations

• Mad Lads Holders: Each Mad Lads holder is eligible for 16,000 $W tokens (currently worth $40,000 in pre-market). 3,200 $W will be unlocked at TGE, with the remaining 12,800 vesting over a year.
• Yoots NFT Holders: Yoots NFT holders receive 2,000 $W per wallet.

How to Check Your Eligibility

• Eligibility Checker: Visit the Wormhole eligibility checker website and connect your wallet 
• Appeals: If you believe your activity qualifies for the airdrop, you can submit a form with details here.

More Information to Come

We will update this article as Wormhole releases more details about the airdrop, token distribution, and future plans for the W token. Stay tuned for the latest information!