About WalletConnect Token (WCT)
WalletConnect Token (WCT) is a utility and governance token at the core of the WalletConnect network—a secure and interoperable open-source protocol that connects crypto wallets with decentralized applications (dApps). Since 2018, WalletConnect has facilitated over 150 million connections for 24 million users across more than 600 wallets and 40,000 applications.
Main Functions of WCT
WCT has four main functions in the WalletConnect ecosystem:
1. Network Fee Payment: Used to pay for services such as relay usage.
2. Governance: Token holders can participate in decision-making regarding protocol development.
3. Participation Incentives: Rewards users, developers, and network operators.
4. Staking: Used to support the security and stability of the network.
WCT is launched on the OP Mainnet (Optimism) to leverage Ethereum's security and Optimism's transaction speed.
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WCT Token Details
• Token Name: WalletConnect (WCT)
• Total Supply: 1,000,000,000 WCT
• Initial Supply at Listing: 186,200,000 WCT (18.62% of total supply)
• Contract Address: 0xeF4461891DfB3AC8572cCf7C794664A8DD927945 (OP Mainnet)
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How to Participate in Binance Launchpool to Get WCT
Binance Launchpool provides users with the opportunity to earn WCT for free by staking certain assets.
Farming Period
• Dates: April 11, 2025, at 07:00 WIB to April 15, 2025, at 06:59 WIB
• Total Reward: 40,000,000 WCT (4% of total supply)
Staking Pool and Reward Allocation
• BNB Pool: 34,000,000 WCT (85%)
• USDC Pool: 4,000,000 WCT (10%)
• FDUSD Pool: 2,000,000 WCT (5%)
Steps to Participate
1. Create a Binance Account: Sign up and complete KYC verification on Binance. (https://www.binance.com/)
2. Prepare Assets: Ensure you have BNB, USDC, or FDUSD in your Spot wallet.
3. Access Launchpool: Visit the Binance Launchpool page (https://launchpad.binance.com/) and select the WCT project.
4. Stake: Choose the desired pool and enter the amount of assets you want to stake.
5. Claim Reward: WCT rewards will be distributed every hour and can be claimed at any time.
6. Unstake: You can withdraw staked assets at any time without penalty.
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WCT Listing on Binance
After the Launchpool period ends, WCT will be available for trading on Binance starting April 15, 2025, at 18:00 WIB with the following trading pairs:
• WCT/USDT
• WCT/USDC
• WCT/BNB
• WCT/FDUSD
• WCT/TRY
This token will be labeled as 'Seed Tag', indicating that WCT is an early-stage project with high growth potential.
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Conclusion
WalletConnect Token (WCT) is a strategic step in strengthening the Web3 ecosystem by providing incentives to users and developers through governance and staking mechanisms. Participating in Binance Launchpool is a golden opportunity to acquire this token for free before the official listing.