Wormhole also presented the usability and roadmap for the W token, with the following key points:
1️⃣ W will launch on Solana, and shortly after, the token will be released on the Ethereum blockchain.
2️⃣ The total supply of W will be 10 billion coins, with approximately 1.8 billion tokens entering circulation initially.
3️⃣ The introduction of Wormhole Native Token Transfers (NTT) for transfers between EVM-compatible networks. This will allow W holders to send assets via Solana, Ethereum (ETH), and Layer 2 (L2) networks that support EVM.
4️⃣ Holders of the Wormhole native token will be able to lock and delegate tokens in Solana and EVM networks to participate in governance.
5️⃣ The Wormhole DAO will consist of W token holders and will be available on Solana, Ethereum, and EVM-compatible L2 networks from the launch.