The #WalletConnect Token (WCT) is the native utility and governance token powering the WalletConnect Network—a critical infrastructure layer in the Web3 ecosystem that enables secure, seamless on-chain connectivity. Deployed on the Optimism OP Mainnet, WCT combines Ethereum-grade security with fast, low-cost transactions to support a more decentralized and accessible Web3 experience.

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🌐 WalletConnect: Powering the Web3 Ecosystem

WalletConnect has quietly become one of the most influential protocols in the blockchain space, facilitating over 300 million connections across more than 700 wallets and 61,000 applications, servicing 45 million users. With the introduction of WCT, WalletConnect is evolving from a foundational protocol into a community-driven ecosystem.

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🛠 WCT Utility and Core Functions

WCT plays a central role in the sustainability and decentralization of the WalletConnect Network. Its four primary functions include:

1. Network Fees

While the network currently operates without user fees, #wct will ultimately serve as the payment method for services. Governance will determine the model—potentially based on Monthly Active Users (MAU)—to ensure a sustainable, scalable revenue structure.

2. Ecosystem Rewards

A total of 17.5% of the WCT supply is allocated for rewarding contributors such as wallets, node operators, and active community members. Rewards will be performance-based, incentivizing reliability, uptime, and infrastructure quality.

3. Staking

WCT holders can stake their tokens to help secure and maintain the network. Longer-term and larger stakes offer higher returns. Features such as auto-locking and manual re-staking provide flexibility, while staking also grants governance power.

4. Governance

WCT empowers token holders to shape the future of the WalletConnect Network. Through DAO-based governance, holders will vote on proposals relating to protocol upgrades, fee structures, ecosystem partnerships, and funding allocations. Governance will initially be led by foundation-led councils, transitioning to full decentralization over time.

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📊 Tokenomics and Allocation

WCT has a fixed total supply of 1 billion tokens, distributed as follows:

27% – WalletConnect Foundation

18.5% – Airdrops

18.5% – Core Team

17.5% – Ecosystem Rewards

11.5% – Supporters

7% – Core Development

There are currently no plans for inflation, although future governance may elect to implement inflationary models to support long-term incentives.

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🔓 Transferability & Airdrops

$WCT tokens will become transferable in phases, beginning with limited use for staking and governance in late 2024. Transfers will be unlocked through governance decisions made by the community and the WalletConnect Foundation. This phased approach ensures a secure and coordinated rollout.

A series of airdrop events will reward early contributors—including users, wallet developers, and application partners who have supported WalletConnect’s growth.

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🚀 Enabling the Future of On-Chain UX

WCT is more than just a token—it is a catalyst for building a decentralized, user-first Web3 infrastructure. By aligning the incentives of users, developers, node operators, and other stakeholders, WCT fosters a network driven by innovation, transparency, and resilience.

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📍 Get Involved

Stake your $WCT and participate in shaping the future of Web3.

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