W

1. Project introduction

Wormhole provides a means of communication between blockchains or rollups. Consider the following examples of potential applications that are now possible with Wormhole:

Cross Chain Exchange: Using Wormhole Connect, a developer can build an exchange that allows deposits from any Wormhole connected chain, massively increasing the liquidity their users can access.

Cross Chain Governance: If a group of NFT collections on different networks wanted their holders to vote on a combined proposal, they could pick a ""voting"" chain, and use Wormhole to communicate votes cast on their disparate chains to the voting chain.

Cross Chain Game: A game could be built and played on a performant network like Solana, and it's rewards issued as NFTs on a different network, for example Ethereum.

2. Investment institution

Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, Arrington Capital and others

3. Token application and distribution

Token application:

Wormhole plans to decentralize the protocol's governance to W holders. After the token generation and distribution events, on-chain governance will largely guide community programs and treasury-related activities.

Token distribution:

Guardian Nodes 5.1%

Community & Launch 17%

Core contributors 12%

Ecosystem & Incubation 31%

Strategic Network Participants 11.6%

Foundation Treasury 23.3%