Orange Web3> Unlock Early Access & Exclusive Perks with Founder Keys> Join Whitelist Ad
Wormhole Logo

Wormhole (W)

Past
Total Raise: $750,000,000
Date: 01 Mar 2022 - 07 Feb 2024

Wormhole is a message-passing protocol that enables the transfer of data or tokens between different blockchains through wormhole token bridge. It allows users to leverage the advantages of multiple blockchains while enabling developers to build their own cross-chain exchanges, games, and governance layers.

Since its inception in 2021, the company has managed to raise over $225M from prominent funds and investors, including Coinbase Ventures, Arrington XRP Capital, Jump Trading, and others.

❗️ ❗️ ❗ IMPORTANT:

Please be aware that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch doesn’t provide financial advice, nor does it intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 80+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Wormhole Overview

Ticker: W
Country: Cayman Islands
Industry: Blockchain Service
Founded: 2021
Whitelist: No
Blockchain Network: Ethereum, Solana, Polygon, Avalanche, Binance Smart Chain
KYC: No
Bounty: Yes
MVP: Yes
Type: Equity
Security Audit: Yes

Wormhole Review

What is a Wormhole crypto project? It's an excellent question. Let's dive deeper into the project and discover the most accurate answer.

Wormhole is a cross-chain message-passing protocol that enables multiple chain networks to communicate seamlessly. It currently supports 29 of the most widely used blockchain networks, including Ethereum, Solana, Arbitrum, Polygon, BNB chain, and more.

The protocol facilitates token transfers between different chain networks for users and provides developers with the tools to build cross-chain exchanges, games, and governance infrastructure. To confirm and transfer data from one blockchain to another in a more accurate and secure way, the Wormhole crypto protocol uses The Guardian Network, which consists of 18 node validators.

The company has successfully reached a valuation of $2.5B while establishing partnerships with top-tier companies in the crypto space, including Lido, Pendle, Solend, and more. Additionally, it has managed to raise over $225M from leading funds such as Coinbase Ventures, Arrington XRP Capital, Jump Trading, and others.

Despite the current strong reputation among users, developers, and partners, in the past, Wormhole bridge faced a couple of challenges with security and became the victim of the largest cryptocurrency theft of $325M in 2022. The Wormhole bridge hack was caused by a post on Wormhole's official GitHub that revealed a bug in the protocol, which hadn't been fixed on the mainnet yet. Hackers used this opportunity to forge a valid signature for a transaction and mint over 120,000 wETH from the Ethereum-Solana bridge.

Fortunately, Jump Crypto stood up for Wormhole and replaced the stolen 120,000 wETH because of the belief that “Wormhole is essential infrastructure.” The Wormhole team itself learned this lesson and launched two $2.5M worth bug bounty programs and conducted a couple of new security audits to ensure such incidents won’t happen again.

Learn more about the hack refund from Jump crypto to Wormhole users here.

Wormhole Token Economy

Total Raise: $750,000,000
Total Supply: 10,000,000,000
Private/Pre-sale: 750,000,000 (7.5%)
Public Sale: (0%)
Fully Diluted Valuation (FDV): $5,000,000,000
Initial Circulation Supply: $900,000,000 (18% of FDV)

Wormhole Token Sale (ICO & IDO) Rounds

Private: Apr 2022 Past

Price: $0.25
Tokens for sale: 750,000,000
Raise: $187,500,000
Lock-Up: 1 year after TGE, then unlock over the course of three ...
Private: Nov 2023 Past

Price: N/A
Tokens for sale: N/A
Raise: $225,000,000
Lock-Up: N/A

Wormhole Token Release Schedule

Wormhole Funds and Backers
(3/8)

Submit
Coinbase Ventures logo
Coinbase Ventures
Score: Very High
16 numbers of
investment
Read More
arrington capital logo
Arrington Capital
Score: High
8 numbers of
investment
Read More
5 numbers of
investment
Read More
View All

Wormhole Influencers

Submit
crypto judy news
Crypto Judy
Score: Low
7 numbers of
investment
Read More

Wormhole Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  03 Jan 2024 Upgrade

Wormhole Team

Saeed Badreg
Saeed Badreg
CEO & Founder
Tony Jin
Tony Jin
CTO & Co-Founder
Anthony Ramirez
Anthony Ramirez
COO & Co-Founder

Wormhole News

Wormhole Airdrop & Retrodrop & Bounty

Retrodrop
Wormhole Logo
funds
Start Date:
01 Apr 2022
End Date:
07 Feb 2024
Difficulty:
Medium
Winners:
397,704
Rewards:
N/A

Description

Wormhole is a cross-chain communication protocol that facilitates the transfer of data and tokenized assets between different chain networks. Using its token bridge users can leverage advantages of multiple chain networks. 

While the official tokens, tokemics, and airdrop haven't been released yet, there have already been rumors from top-tier media and the crypto community that the $HOLE token is under development and may potentially be airdropped.

Read More

Others in past IDO

Nillion Logo Nillion (NIL)
Total Raise: $40,000,000
Past
11 Dec - 26 Jun
layer3 logo Layer3 (L3)
Total Raise: $21,200,000
Past
30 Sep - 13 Jun
ionet logo io.net crypto network (IO)
Total Raise: $40,000,000
Past
07 Jun - 11 Jun
Nostra Finance Logo Nostra Finance (NSTR)
Total Raise: $400,000
Past
01 Jan - 14 Jun
Share this project:
0 Comments
No comments yet

Get Trust & Increase Conversion Rate

Place the CoinLaunch widget on your website to get trust of the crypto crowd. Make an announcement of the listing on your social media channels and tag our pages for additional traffic.

<a href="https://coinlaunch.space/projects/wormhole/" title="Wormhole (W)" target="_blank"><img src="https://coinlaunch.space/media/widgets/0/wormhole.png" width="224" alt="Wormhole (W)"></a>