{"id":164086,"date":"2024-04-03T16:20:13","date_gmt":"2024-04-03T16:20:13","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=164086"},"modified":"2024-04-03T16:20:16","modified_gmt":"2024-04-03T16:20:16","slug":"wormhole-unveils-roadmap-for-w-token-launch-paving-the-way-for-a-more-decentralized-future","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/wormhole-unveils-roadmap-for-w-token-launch-paving-the-way-for-a-more-decentralized-future\/","title":{"rendered":"Wormhole Unveils Roadmap for W Token Launch, Paving the Way for a More Decentralized Future"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul style=\"text-align: justify\">\n<li><strong>Wormhole unveils its plan for the launch of the native W token<\/strong>, marking a significant step towards a decentralized and efficient future.<\/li>\n<li><strong>The W token will debut as a native SPL token on the Solana network<\/strong> due to its high performance and scalability.<\/li>\n<li><strong>The protocol will implement the framework of Native Token Transfers (NTT) to enable seamless token transfers across multiple chains<\/strong>, including Ethereum mainnet and its layer twos (L2s), avoiding liquidity fragmentation issues.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>The <a href=\"https:\/\/crypto-economy.com\/blockchain-technology\/\" target=\"_blank\" rel=\"noopener\">blockchain<\/a> protocol Wormhole has presented its plan for the launch of its <a href=\"https:\/\/wormhole.com\/w-launch-roadmap\/\" target=\"_blank\" rel=\"noopener\">native token<\/a>, W<\/strong>. This announcement represents a significant advancement for the protocol, aiming to contribute to the construction of a more decentralized and efficient future.<!--more--><\/p>\n<p style=\"text-align: justify\"><strong>The W token will be initially introduced as an SPL native token on the Solana network, a choice based on SOL&#8217;s high performance and scalability<\/strong>. Wormhole has carefully considered the<strong> multichain aspirations of the W token and determined that Solana provides the best conditions<\/strong> in terms of scalability, transaction costs, and processing times.<\/p>\n<p style=\"text-align: justify\"><strong>After its launch, the token will expand to all EVM chains connected to Wormhole<\/strong>. To facilitate this process, the protocol will establish an innovative framework called <strong>Native Token Transfers<\/strong> (NTT). This will<strong> enable seamless token transfers across multiple chains, including the Ethereum mainnet and its layer twos (L2s).<\/strong> The implementation of NTT aims to avoid issues associated with liquidity fragmentation and empower projects to<strong> maintain full control over their tokens on different chains, thereby improving the security and utility of the Wormhole platform.<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-81604\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/04\/wormhole-post-1.png\" alt=\"wormhole post\" width=\"825\" height=\"300\" \/><\/p>\n<h2>Wormhole Revolutionizes DAOs<\/h2>\n<p style=\"text-align: justify\">Subsequently, <strong>token holders will have the ability to lock and delegate their tokens on both the <a href=\"https:\/\/crypto-economy.com\/solana\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a> and EVM chains<\/strong>. This will allow holders to <strong>actively participate in the governance of the protocol<\/strong>, promoting decentralization and community involvement.<\/p>\n<p style=\"text-align: justify\">Finally, <strong>Wormhole DAO, a multichannel governance system, will be launched<\/strong>. It will be composed of W token holders and <strong>operate through a decentralized decision-making process accessible on Solana, Ethereum mainnet, and EVM L2s<\/strong>. The purpose of the governance system is to create a completely decentralized decision-making process led by the community.<\/p>\n<p style=\"text-align: justify\">Wormhole has an innovative approach to multichannel governance in the blockchain industry. The protocol seeks to leverage the strengths of Solana and EVM chains as it moves towards a more inclusive and decentralized future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Wormhole unveils its plan for the launch of the native W token, marking a significant step towards a decentralized and efficient future. The W token will debut as a native SPL token on the Solana network due to its high performance and scalability. The protocol will implement the framework of Native Token Transfers (NTT) &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Wormhole Unveils Roadmap for W Token Launch, Paving the Way for a More Decentralized Future\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/wormhole-unveils-roadmap-for-w-token-launch-paving-the-way-for-a-more-decentralized-future\/#more-164086\" aria-label=\"More on Wormhole Unveils Roadmap for W Token Launch, Paving the Way for a More Decentralized Future\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":164089,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4620,4656,5287,4679,5348],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164086"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=164086"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164086\/revisions"}],"predecessor-version":[{"id":164090,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164086\/revisions\/164090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/164089"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=164086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=164086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=164086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}