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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's Wormhole Unveils Roadmap, Launches Token with $3B Market Cap Potential

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

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