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Cryptocurrency News Articles
Solana's Wormhole Unveils Roadmap, Launches Token with $3B Market Cap Potential
Apr 04, 2024 at 08:08 am
Amidst the launch of its native token, the Solana (SOL) based cross-chain protocol Wormhole unveils its roadmap, outlining the release of its SPL token and support for ERC-20, along with the implementation of Wormhole Native Token Transfers (NTT), self-delegation, and cross-chain governance. Concurrently, Fezoo (FEZ) presale offers traders a chance to shape the platform through decentralized governance, access exclusive benefits, and potentially reap future profits as the project aims to become a top-tier cryptocurrency.
Solana-Based Wormhole Unveils Project Roadmap, Announces Token Launch
Solana (SOL)-based cross-chain protocol Wormhole has unveiled its highly anticipated project roadmap, outlining a comprehensive plan for its native token, W, and the protocol's future development.
Wormhole Roadmap
The roadmap encompasses two main phases, each representing significant milestones in Wormhole's evolution.
Phase 1:
- W Token Launch: Introduction of W as an SPL token on the Solana blockchain. The token will leverage Solana's scalability, low fees, and fast processing times to gain a "strong start."
- ERC-20 Support: Expansion of W's functionality to support the ERC-20 standard, enabling seamless integration with the Ethereum ecosystem.
Phase 2:
This phase incorporates several crucial initiatives:
- Implementation of Wormhole Native Token Transfers (NTT): A groundbreaking framework designed to facilitate token transfers between EVM networks without the need for liquidity pools. W holders will gain the ability to send assets via Solana, Ethereum (ETH), and Layer 2 (L2) networks supporting EVM.
- Lock W for Self-Delegation: Enabling W holders to lock and delegate tokens on Solana and EVM networks, empowering them to participate in governance and shape the protocol's future.
- Cross-Chain Governance: The establishment of a decentralized autonomous organization (DAO) governed by W holders, operating across Solana, Ethereum, and EVM-compatible L2 networks.
W Token Distribution
The W token launch is imminent, with the airdrop scheduled to distribute 617 million tokens to over 400,000 wallets. Early users on Solana, Ethereum, and select other blockchains will receive a portion of the free coins.
The total supply of W will be capped at 10 billion coins, with approximately 1.8 billion tokens entering initial circulation. Leading exchanges Binance, OKX, and Huobi have announced their support for the W token, listing it on their platforms at 12:00 UTC (15:00 Moscow time). Additional exchanges, including Kraken, Bitget, and Gate.io, have expressed their intention to list W as well.
According to market projections, the asset's premarket average price is estimated at $1.23**. If this valuation holds until listing, W's capitalization could reach close to **$3 billion.
Fezoo (FEZ) Presale Pledges to Revolutionize Trading for Investors
Amidst the excitement surrounding Wormhole's roadmap, Fezoo emerges as a promising decentralized finance (DeFi) platform, offering a transformative trading experience for investors.
Fezoo's Features
- Zero-Fee Swap Service: Fezoo eliminates transaction fees on cryptocurrency exchanges, empowering traders to execute trades at minimal cost.
- Decentralized Governance: By holding Fezoo tokens (FEZ), users gain the ability to shape the platform's development through decentralized governance, ensuring that decisions align with the community's best interests.
- Multi-Market Access: Fezoo enables traders to connect with multiple markets, providing them with access to a wide range of trading opportunities.
- Instant Withdrawals: Fezoo prioritizes user convenience, offering instant withdrawals to ensure traders have quick access to their funds.
- Secure and Transparent Transactions: Leveraging blockchain technology, Fezoo ensures the security and transparency of all transactions, safeguarding users' assets and fostering trust.
Fezoo Presale
Fezoo is currently in the presale phase, presenting a limited-time opportunity for investors to acquire FEZ tokens at a discounted rate. The presale is divided into six stages, each offering a specific token allocation.
Presale Benefits:
- Exclusive Platform Access: Presale participants gain early access to the Fezoo platform before its public launch.
- Revenue Distribution: Holders of FEZ tokens will receive a share of the revenue generated on the Fezoo exchange, proportionate to their holdings.
- Regular Updates: Presale token holders will receive privileged updates on the project's progress and developments throughout the presale phase.
- Discounted Token Price: Purchasing FEZ tokens during the presale offers investors a reduced rate compared to the launch price. The token price will increase incrementally as more tokens are sold throughout the six-stage presale.
Fezoo's presale offers a compelling opportunity for investors to join a rapidly evolving DeFi platform and potentially capitalize on future growth. The platform's focus on zero-fee trading, decentralized governance, and a user-centric approach makes it an attractive choice for traders seeking a transformative experience.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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