As Solana continues to be the best blockchain to launch tokens, helping to deliver scalability, minimal transaction costs, and speedy processing speeds, a new token called W has been added to the list.

W is the native token that powers the Wormhole platform, an open-source blockchain development platform that connects the decentralized web.

What is W Token?

W is the Wormhole platform’s governance token, which also serves as a protocol. The goal of $W, like all governance tokens, will be to empower token holders to steer and influence the protocol’s direction through on-chain governance via a dedicated decentralized autonomous organization (DAO).

Launched on April 3rd, the W token is set to be among the tokens launched with a market valuation of almost $3B, placing it among the top 60 cryptocurrencies according to CoinGecko’s ranking.

The token was introduced originally on the Solana blockchain. It will be natively issued on Ethereum and layer-2 networks later to help holders delegate W tokens on Solana or any of the compatible Ethereum-based chains in a process known as the “first-ever” multi-chain governance system.

How to Buy W Tokens?

On April 2nd, the worldwide cryptocurrency exchange CoinEx listed W token, offering crypto users a convenient trading platform. W’s market value had risen to almost $10 billion as of April 8rd, when it was launched, according to data from CoinGecko, demonstrating the company’s enormous potential and investors’ thirst for creative cryptocurrency initiatives.

CoinEx, an exchange with over 900 different crypto assets, focuses on innovative crypto assets, monitors industry trends, discovers quality and unique projects, and applies a “good, fast, and complete” listing strategy to optimize asset operation. This intends to suit worldwide users’ different investing needs while also assisting them in seizing cryptocurrency investment possibilities.

Global investors can trade and invest in W tokens using the CoinEx.

Given Wormhole’s popularity in the blockchain sector, the debut of the W token is predicted to be a highlight of the crypto space this year.

Wormhole is a connectivity platform allowing businesses to create either independent crypto bridges or multi-chain applications.

While crypto bridges connect distinct blockchains via an independent, dedicated user interface, multi-chain applications enable the transfer of digital assets within the program itself, removing the need for dedicated crypto bridges.

Wormhole, which already connects over 30 distinct blockchains and hosts over 200 applications, has become critical infrastructure for thousands of developers working on cross-chain projects. It has handled over a billion multi-chain messages for platforms such as Uniswap and Circle.

As a token that provides value to the blockchain industry, the whole crypto community, and investors are actively taking the opportunity to profit from this token, as it looks to be one of the highlights in the crypto industry this year.

Overview

*This article does not constitute investment advice.