What is W
Tokens
1. Project Introduction
Wormhole (W) is a cross-chain protocol supporting communication and messaging across over 30 blockchains and Layer 2 networks, including Ethereum, BNB Chain, Solana, Polygon, and Avalanche. Wormhole was launched in 2020 as a crypto bridge solution, initially for transferring funds between blockchains, especially between Solana and Ethereum. In early 2022, Wormhole underwent a significant transformation, rebranding itself from Wormhole Token Bridge to Wormhole and evolving into a lightweight messaging protocol for cross-chain communication. Currently, Wormhole supports over 30 blockchains and offers a full suite of products including cross-chain messaging protocols, on-chain query tools, and a Portal token bridge, providing developers with almost all the functionalities needed for cross-chain operations.
Summary: Wormhole is a full-featured cross-chain protocol that supports communication and messaging between multiple blockchains, contributing to realizing a unified Web3 world.
2. Team & Investment Info
Wormhole's founding team has a solid technical background and extensive experience in operating Web3 projects. Founders Saeed Badreg and Anthony Ramirez and core members Maher Latif and Nikhil Suri were from Jump Trading/Jump Crypto. Other members like Katya Ternopolska and Dan Reecer have accumulated a wealth of experience in well-known projects like Polygon and OmniNetwork.
Funding: On November 29, 2023, Wormhole successfully raised $225 million in funding, bringing its valuation to $2.5 billion. This round attracted top investment institutions, including Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, and Arrington Capital.
3. Social Media URLs
X: https://x.com/wormhole
Telegram: https://t.me/wormholecrypto
Discord: https://discord.com/invite/wormholecrypto
4. Token Info
Token Symbol: W
Total Supply: 10,000,000,000
Token Type: SPL
Issuance/Burn Mechanism: Fixed supply
Contract Address: 85VBFQZC9TZkfaptBWjvUw7YbZjy52A6mjtPGjstQAmQ
Token Distribution:
Guardian Nodes: 5.1%
Community & Launch: 17%
Ecosystem & Incubation: 31%
Core Contributors: 12%
Strategic Network Participants: 11.6%
Foundation Treasury: 23.3%
5. Related Links
Official Website: https://wormhole.com/
GitHub: https://github.com/wormhole-foundation
Doc: https://docs.wormhole.com/wormhole
Other Info: https://wormholescan.io/
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.
