WalletConnect (WCT) is the native token of the WalletConnect protocol, designed to securely link crypto wallets with decentralized applications (DApps). Launched on the Optimism network, WCT serves multiple roles within its ecosystem, including governance, staking, and potential fee payments. Holders can stake WCT to earn rewards and participate in decision-making processes that shape the protocol's future. (Binance Academy)
In April 2025, Binance introduced WCT as its 67th Launchpool project. From April 11 to 14, users could stake BNB, FDUSD, or USDC to farm WCT tokens, with a total of 40 million WCT (4% of the total supply) allocated as rewards. The distribution was divided among the pools: 85% for BNB, 10% for USDC, and 5% for FDUSD.
Following the farming period, WCT was listed on Binance on April 15, 2025, with trading pairs including WCT/USDT, WCT/USDC, WCT/BNB, WCT/FDUSD, and WCT/TRY. The token was marked with a "Seed Tag," indicating its status as a new and potentially volatile asset.
Additionally, Binance launched a WCT perpetual contract with up to 75x leverage, enhancing trading options for users. The WCT token is backed by prominent industry players like ConsenSys and Ledger, and has seen significant adoption, with over 127 million WCT staked ahead of its Binance Launchpool debut.
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