WCT Token is the official token for WalletConnect, a service that helps people use their crypto wallets to connect with apps across the Web3 world. Think of WalletConnect as the bridge that helps your wallet talk to decentralized apps (dApps). Now, they’ve launched WCT to make this whole system even better
Where Things Stand Right Now
Current Price: WCT is trading at around $0.49, with some daily ups and downs (which is normal in crypto).
Real Usage: WalletConnect is already being used by over 40 million wallets and has handled more than 250 million connections between users and apps.
Staking: Over 127 million WCT tokens are currently being staked. That’s more than 12% of the total supply.
Token Breakdown:
27% goes to the WalletConnect Foundation
18.5% was given out via airdrops
18.5% is reserved for the team
The rest supports rewards, early supporters, and core development
What’s Next for WCT?
1. Unlocking the Token for Everyone
Right now, you can’t transfer or trade WCT freely. This is on purpose—to keep the system stable while it grows. But they do plan to open it up once a few things happen:
At least 16 wallets need to be officially certified.
100 million tokens need to be staked.
There should be 16 node operators running the system.
Staking must run smoothly for at least 12 weeks.
The software that runs the system should be open-source, so anyone can inspect it.
Once these milestones are reached, WCT will be unlocked and tradable
2. Community Governance
One of the big decisions about how the WalletConnect network runs, what updates it should make, and how rewards are given out.
3. Making Web3 Smoother for Everyone
WalletConnect is working on making the Web3 experience simpler. One of their newer ideas, Smart Sessions, lets users connect their wallets to apps with just one approval—no more back-and-forth confirmations every time you interact
🚀 The Bottom Line
WCT isn’t just another crypto token. It’s built to support a real, working network that millions of people already use. While it’s still early days and the token isn’t tradable yet, things are moving in the right direction. Once the system hits its goals, WCT could become a key part of how we connect in Web3.
