🌏🌀What Is WalletConnect (
$WCT )?🌀🌍
In the context of Binance, WCT refers to WalletConnect Token, the native utility and governance token of the WalletConnect protocol. WalletConnect is an open-source protocol that enables secure connections between decentralized applications (dApps) and cryptocurrency wallets. The introduction of WCT marks a significant step towards the decentralization of the WalletConnect ecosystem.
🔍 What Is WalletConnect (
$WCT )?
WCT is an ERC-20 token launched on the Optimism network, with a total supply of 1 billion tokens. It serves multiple purposes within the WalletConnect ecosystem:
Governance: WCT holders can participate in decision-making processes, such as protocol upgrades and fee structures.
Staking: Users can stake WCT tokens to help secure the network and earn rewards.
Performance-Based Rewards: Node operators and wallet providers are rewarded in WCT based on metrics like uptime and connection quality.
Potential Transaction Fees: While WalletConnect doesn't currently charge fees, WCT may be used for transaction fees in the future, pending community governance decisions.
🚀 WCT on Binance
Binance introduced WCT as the 67th project on its Launchpool platform. Users were able to farm WCT tokens by staking BNB, FDUSD, or USDC between April 11 and April 14, 2025. A total of 40 million WCT tokens (4% of the total supply) were allocated for this farming period.
Binance listed WCT for trading with the following trading pairs:
WCT/USDT
WCT/USDC
WCT/BNB
WCT/FDUSD
WCT/TRY
Additionally, WCT was integrated into various Binance services, including:
Binance Simple Earn: Offering flexible products for users to earn rewards.
Binance Convert: Allowing users to trade WCT against BTC, USDT, and other tokens at zero fees.
Binance Margin: Adding WCT as a borrowable asset on Cross and Isolated Margin.
Binance Futures: Launching the USDⓈ-M WCT Perpetual Contract with up to 75x leverage.
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