Cross-chain bridge Wormhole announces W airdrop details! The OTC price of the token soared to $2.2

Solana cross-chain bridge protocol Wormhole released the token economic model of token $W in early February. This news attracted widespread attention and discussion in the community. People are looking forward to the official airdrop and issuance of $W, which will inject new vitality and power into the Wormhole ecosystem.

Just in the early morning of today (7th), Wormhole officially announced the details of the $W airdrop and opened users to check the airdrop qualifications and allocated amounts. According to the official introduction, the total supply of $W is 10 billion pieces, and the initial circulating supply is 1.8 billion pieces, which are issued in ERC20 and SPL (token standard) formats on 5 chains, namely Ethereum, Solana, Arbitrum, Optimism and Base.

In the recently announced token economic model, 17% of the tokens allocated to "Community and Startup" will be allocated to this airdrop, and 6.17% (617,305,000) of $W will be allocated to a total of 397,704 wallets. The address received an airdrop.

500 million of the $W are used to reward on-chain activities, targeting users who use Wormhole ecosystem applications on more than 30 blockchains connected to Wormhole, while the remaining approximately 117.305 million W are used To reward community users, such as Wormhole Discord users, various NFT communities, Monad communities, and the first 10,000 Pyth stakers.

Open airdrop query and air investment qualifications

According to the official statement, the airdrop will be snapshotted at 7:59 am on February 7, 2024, Beijing time. Users can log in to the official webpage to check information about air investment qualifications and allocated amounts. The official clarification of the qualification requirements for airdrops is as follows:

1. Past interaction: Interacting with each ecological chain, application or community in the Wormhole ecosystem

The priority order of allocation is based on the user's interaction with The Wormhole protocol’s interaction duration, number of interactions, data transfer volume, persistent use, and degree of application in the ecosystem.

3. Evaluation duration: The qualification evaluation is based on data from the past three years.

4. Target user group: Frequent and long-term users of Wormhole’s decentralized application ecosystem.

5. Restrictions: Wormhole’s core contributors are not within the scope of the airdrop. This airdrop is specially designed for Wormhole community members who have supported the ecosystem for more than three years.

It is worth mentioning that according to X netizen @Rocky_Bitcoin’s sharing, he obtained up to 7,000 $W by staking Pyth.

Note: Officially, Wormhole Discord users, Monad communities and the top 10,000 Pyth stakers are also eligible to receive Wormhole airdrops.

The highest OTC price reported is $2.2

Although $W has not yet been officially opened for trading, OTC markets such as Whales Market and Hyperliquid have been online first. According to Whales Market data, the current lowest selling price of $W is US$1.39, and the highest transaction price is US$2.2. It has accumulated transactions of approximately US$1.67 million, with an average buying price of US$1.03 and an average selling price of US$1.49.

If estimated at US$1.39, the amount of this airdrop is as high as US$858 million, ranking eighth in the past airdrop rankings, surpassing Celestia and LooksRare, and approaching Bonk.

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