Dear SafePal community,
As a blockchain agnostic crypto wallet suite, cross-chain interoperability is a big part of our ethos and focus. This is reflected in the support of 100+ blockchains in the SafePal wallet suite, and features such as SafePal swap and Gas Station, which aids in bridging and connectivity across chains.
Amongst other interoperability solutions is a leading blockchain connectivity provider Wormhole, which recently announced the airdrop of its $W token, which has been teased to be live on 3rd April 2024 11:30AM UTC.
SafePal is excited to share that $W will be supported on SafePal swap and Binance Dapp/Mini program in the SafePal mobile wallet. As part of SafePal’s mission to educate users, here is a brief overview of $W for informational purposes (readers should do their own research as this does not constitute financial advice):
About $W:
$W is designed to decentralize governance and empower token holders with the ability to shape the future of the Wormhole protocol, by delegating their tokens to vote on Wormhole governance proposals as part of the Wormhole DAO (Decentralized Autonomous Organization). This function will be available on EVM chains with the launch of the token, followed by Solana.
In the long term, the governance of the Wormhole DAO, aims to potentially cover decisions with ranging from blockchain connection adjustments, smart contract upgrades, fee structuring, rate limit adjusting, and more in a transparent, inclusive and community-driven manner.
$W Tokenomics:
Native ERC20 (for EVM chains) and SPL(for Solana).
More detailed information on the token allocation and distribution can be found here.
$W Airdrop Qualification Critieria:
To determine eligibility for the airdrop, the official eligibility checker for $W can be found here, with more information on the specific selection criteria explained here.
SafePal wallet supports EVM, Solana, Aptos and Sui networks — simply select the MetaMask option for the EVM, and other options like Phantom for Solana to connect your SafePal wallet to check your eligibility as shown by the screenshots below (your wallet address should appear if done correctly)
$W Airdrop Details:
Date and timing: 03/04/2024
Please refer to the official Wormhole Twitter/X account for more details on claiming the airdrop
Caution: Beware of scammers and impersonators posting phishing links and scam sites, and never give out your seedphrase!
How do I swap for $W with SafePal Wallet?
For users who are ineligible, fear not! You can still swap for $W on EVM chains and Solana via SafePal Swap by following a few simple steps:
1. Download the SafePal mobile wallet or browser extension
2. Ensure you have $ETH or $SOL for gas fees on the respective chains (Refer to the video guide here on how to get tokens for gas fees.)
3.Refer to the written guide here on how to use SafePal swap (A cross-chain swap supporting a 100+ Blockchains) to swap for tokens of your choice.
4. Key in the correct token contract address for $W (Make sure to get the official token address by staying tuned to the official announcements channels) Refer to the video guide here on how to add and remove tokens.
How do I trade $W in SafePal Wallet with the Binance DApp/Mini Program?
The Binance Dapp/Mini program in SafePal wallet allows users to access trading features of the Binance centralized exchange conveniently. Users will still have to adhere to all terms and conditions by Binance to use this feature, and can refer to the guide here for all information and following the steps below:
1. Download the SafePal mobile wallet
2. Follow the guide here to trade with the Binance Dapp/Mini program (Refer to the information here on $W listing on Binance to ensure the correct trading pair is selected)
How to setup SafePal wallet?
The mobile and software wallet is part of the comprehensive SafePal crypto wallet suite, which also includes hardware and browser extension wallet solutions.
The SafePal mobile wallet supports 100+ blockchains including EVM and non-EVM chains (like Solana) and is available on Google Play, Apple IOS, and Android. It supports a wide variety of DApps and Web3 verticals such as DeFi and NFTs, and can be downloaded here.
Users can refer to the video guide here to setup their SafePal mobile and software walle after downloading is complete, and also visit the official sitemap here to learn about SafePal and its offerings.
Full Disclaimer:
Not Investment Advice
This activity does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the article’s content as such. SafePal does not recommend that any cryptocurrency should be bought, sold, or held by you.
Cryptocurrency investment is subject to high market risks. Please invest cautiously. SafePal will not be responsible for any investment losses. SafePal will not be liable whatsoever for any direct or consequential loss arising from the participation of its activities.
Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Non-Endorsement
The appearance of a third party on SafePal and its activities does not constitute an endorsement, guarantee, warranty, or recommendation by SafePal.
Do conduct your own due diligence before deciding to invest in any third-party projects or use any third-party services.
About SafePal:
Founded in 2018, SafePal is a comprehensive crypto wallet suite backed by industry leaders such as Animoca Brands, Binance and Superscrypt. SafePal empowers users to own their crypto adventure by accessing opportunities securely in the decentralized world via its hardware wallet, mobile app, and browser extension wallet solutions.
The SafePal platform serves over 12 million users globally across 200+ regions and countries, supporting 15 languages, 100+ blockchains with their tokens and NFTs. It also encompasses crypto asset management solutions like cross-chain swapping, trading and yielding tools, and even a CeDeFi banking gateway and Visa card for users.SFP is a decentralized BEP-20 and ERC-20 utility token serving as the growth engine of the SafePal ecosystem, and can be used to purchase SafePal products at a discount, converted seamlessly to gas across chains in the app, in addition to rewarding token holders and education programs.
Stay informed about SafePal here
