W-Coin, or Wormhole (W), is a prominent governance token for the Wormhole protocol, a cross-chain message-passing network designed to facilitate interoperability across various blockchain ecosystems. Launched with substantial backing from investors like Coinbase Ventures and Multicoin Capital, Wormhole raised $225 million during its Initial Coin Offering (ICO)【30†source】.
Wormhole is focused on providing developers with seamless access to liquidity across over 30 blockchain networks, including major ones like Ethereum and Solana【29†source】. The W token serves as the governance token, enabling holders to participate in decision-making processes related to community programs and treasury management through the Wormhole DAO【30†source】.
Wormhole's tokenomics reveal a maximum supply of 10 billion W tokens, distributed among strategic contributors, the Wormhole Foundation Treasury, community members, core contributors, and validators known as Guardian Nodes【30†source】. This strategic distribution aims to foster growth and sustainability within the Wormhole ecosystem.
Additionally, the W token is now listed on major platforms like Crypto.com, making it accessible to a broader audience and allowing for transactions in multiple fiat currencies【29†source】. The ongoing expansion and integration with various blockchains highlight Wormhole's commitment to enhancing cross-chain functionality and liquidity.
Overall, W-Coin represents a critical component in the broader Wormhole project, aiming to advance cross-chain interoperability and governance through its innovative approach and strong community involvement.
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