Check out the results of the Wormhole airdrop!
Wormhole
Expired
Progress mission: 0 of 8
Expired
Rewards
Reward Results
$1,070 $32,000
Details
Minimal cost
~$30
Time required
120 min.
Category
Mainnet
Rating
9/10
Risk
Low
The total airdrop supply was 678,823,000 W tokens, representing 6.78% of the total supply, with the snapshot taken on February 6, 2024, at 23:59 UTC. Over 400,000 wallets were qualified for the airdrop.
669 tokens were the minimum airdrop amount and 20,000 Wormhole tokens are the maximum. At the time of listing, the price of Wormhole tokens was approximately $1.6, making the minimum airdrop value around $1,070 and the maximum around $32,000.
Distribution Breakdown:
- Onchain Users: Received approximately 549 million W tokens, accounting for 81% of the total airdrop supply. These users were selected based on their interaction with Wormhole ecosystem projects over the past three years, captured in a comprehensive snapshot.
- Community Groups: Received approximately 129 million W tokens, making up 19% of the airdrop supply. This includes specific groups within the community who have contributed to the ecosystem through various platforms and activities.
Eligibility Criteria:
- Onchain Users: Eligibility was determined by total transfers across linked wallets, with a minimum threshold of about $1,500 in value after adjustments. Early and consistent users of the ecosystem received favorable scoring.
- Community Engagement: Rewards were also allocated based on active participation in community roles and tasks across different platforms like Discord and Zealy. These contributions were majorly made through art, quizzes, and social campaigns.
Rewards Algorithm:
- The algorithm took into account past activity, giving bonuses for actions during important periods like the launch year and previous market downturns. High-value transactions and those involving major DeFi assets received extra rewards, while less liquid assets were penalized.
Community Specific Allocations:
- Discord Active Users: Roles like Spacewalker and Wormhole Fellows among others in the Wormhole Discord were recognized.
- Zealy Top Participants: The top 500 contributors in the Zealy platform were acknowledged for their creative engagements.
- Pyth Stakers: The top 10,000 stakers in the Pyth application as of the snapshot date were rewarded.
- NFT Holders: Holders of DeGods, y00ts, Bad Kids, and Mad Lads NFTs who participated in community events and utilized Wormhole for transactions were eligible.
- Monad Community Members: A select group from the Monad community was also rewarded for their engagement.
Pros & Cons
Why is it worth it?
Significant Support
Initially backed by Jump Trading, the project gained further support from other top-tier funds, raising $225 million.
Small Competition
With only 80,000 users as of January 2024, competition is relatively low.
Token Verified
Sources have confirmed the existence of the project's token.
Risks to consider
Unclear Token Details
Lack of public tokenomics information makes it difficult to verify potential airdrop allocations.
How to participate?
- Use Wormhole Technology: Your main task is to use Wormhole technology, which is part of various bridge decentralized apps (dApps). You should do this several times over a period of three months to be recognized as an active user in the Wormhole ecosystem.
- Activity Goals: Aim to bridge (transfer) more than $10,000 in total volume. Also, try to complete more than 5 transactions and have at least 2 interactions with smart contracts. This means using the bridge feature through different dApps.
- Combine with Other Opportunities: This activity can be mixed with other opportunities, especially those on the Solana blockchain. You can use Wormhole's bridges to transfer funds to the Solana chain.
- Participate in Quest Campaigns: Engage in various quest campaigns offered. These activities provide additional engagement with the Wormhole ecosystem.
- Ambassador Program for Advanced Users: If you have more experience, consider participating in the ambassador program. This is a way to get more involved and potentially gain additional benefits.