According to Foresight News, cross-chain interoperability platform Wormhole is set to unlock 6% of its W tokens on August 3, 2024. At that time, a total of 17% of the community's tokens will be fully unlocked. These tokens will be managed by the Wormhole Foundation and will be used exclusively for future community-related projects.
Following the unlock, the distribution of W tokens will be as follows: 17% for the community and launch (with 17% already unlocked), 23.3% for the foundation's treasury (with 3.78% unlocked), 31% for the ecosystem and incubation (with 5% unlocked), 11.6% for strategic network participants (unlocked), 12% for core contributors (unlocked), and 5.1% for guardian nodes (unlocked). This will bring the total unlocked proportion to approximately 25.78%.
According to the tokenomics, the next unlock for strategic network participants, core contributors, guardian nodes, and the ecosystem is scheduled for April 3, 2025.
