Wormhole Unveils Details for Its Upcoming Airdrop, Broadens Eligible Recipient Categories

Cross-chain protocol Wormhole (W) has shared insights related to its forthcoming airdrop. The recipient criteria for the airdrop have been revised to include a wider variety of eligible recipients.

The total number of qualifying wallets has exceeded 400,000, with the total airdrop supply reaching 678,823,000, representing 6.78% of the overall supply. On-chain users account for about 81% of this total, equating to approximately 549 million W tokens, while community groups comprise roughly 19%, totaling around 129 million W tokens. The snapshot was finalized at 23:59 UTC on February 6.

Additionally, Wormhole announced that it collaborated with external professionals from Allium to implement advanced Sybil detection technology. This initiative is designed to ensure that genuine Wormhole users are rightfully rewarded.

Since its launch, Wormhole The focus of the reward distribution has been on early adopters and applications within the ecosystem. To qualify for rewards, users needed to meet a minimum cumulative value transferred across all their linked wallets. This total was adjusted based on various scoring weights related to factors such as timing, asset type, blockchain used, and other metrics.

Following adjustments, the median eligibility threshold was set at approximately $1,500 in total cumulative value, with reduced thresholds for early and loyal users of the ecosystem, while newer participants faced higher minimum requirements.

Consistent user activity spanning three months or more, along with actions taken before December 1st, 2023, during the period from June 2022 to October 2023, and active participation during the inaugural year of the mainnet launch were all eligible for a bonus multiplier. Furthermore, users who completed transactions exceeding $10,000 in total value were also granted additional multipliers. Transactions utilizing commonly traded chains, stablecoins, and essential assets within decentralized finance (DeFi) were awarded a bonus multiplier as well. Bitcoin , Ethereum Stay updated on cryptocurrency allocations through our

Wormhole Leads the Way in Blockchain Interoperability Innovations Airdrops Calendar .

Founded in 2020, Wormhole serves as a decentralized messaging protocol that connects various blockchains. It empowers developers and users of cross-chain applications to tap into the unique advantages provided by multiple ecosystems. Over the past year, Wormhole

secured $225 million in funding, led by Brevan Howard, Coinbase Ventures, Multicoin Capital, and Jump Trading, achieving a staggering valuation of $2.5 billion. raised Recently, Wormhole opened the doors for airdrop inquiries, seeking to acknowledge and reward the efforts of dedicated users and developers involved in multichain applications built on its platform. The airdrop also aims to show gratitude to community members who have significantly contributed to the development and engagement within the Wormhole ecosystem.

Wormhole's meticulous strategy for its upcoming airdrop showcases the protocol's dedication to recognizing and rewarding contributions across its varied ecosystem.

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