PANews reported on August 18th that the cloud computing project Bless Network announced the $TIME airdrop program, which aims to reward early contributors and promote the construction of a decentralized internet. 10% of the total BLESS supply will be distributed at the mainnet launch, while actively preventing bots and fake accounts.
The Chapter 0 airdrop phase will distribute 100 million TIME tokens, representing 8.5% of the total BLESS supply. Registration will run from August 13th to 21st, closing at 2:00 AM Beijing Time on the 22nd. Users can choose to redeem BLESS immediately or stake for 3 to 18 months. The longer the stake, the higher the reward multiplier. Accounts that do not select a redemption option will be automatically staked for 18 months.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more