Binance has launched a "Write to Earn" program on Binance Square to promote WalletConnect Token ($WCT), announced on May 28, 2025, at 09:30 AM IST. As of 06:14 PM IST on June 3, 2025, the initiative offers users up to 100% bonus commissions in $WCT token vouchers for posting $WCT-related content. This follows $WCT’s successful Binance Launchpool debut on April 10, 2025, where users farmed 40 million $WCT (4% of the 1 billion total supply) by locking BNB, FDUSD, and USDC.
$WCT, the utility token of WalletConnect, supports staking, governance, and rewards within its network, which powers 256 million connections across 40.7 million unique wallets. The token debuted at $0.20 and surged 346% to $0.892 by late May, though it now trades at $0.5152, down 9.82% in the last 24 hours, with a $95.9M market cap. Binance’s integration of $WCT on Ethereum (ERC-20) on May 29 has driven trading volumes to $354.45M, reflecting strong user engagement.
The program aims to deepen $WCT’s adoption amid a volatile market—$BTC sits at $105,748 after $345 million in liquidations. Regulatory moves, like Singapore’s June 30 deadline for crypto firms to halt overseas operations, add uncertainty. Still, $WCT’s role in Web3 connectivity makes it a token to watch.
