17.5% of the initial token supply is allocated to incentivize participants in the WalletConnect network during its first years. 5% will be distributed in the first year, with 12.5% reserved for subsequent years.

Rewards will be distributed to a variety of community contributors based on varying factors, all determined in line with the network’s values and purpose to enable and drive better on-chain UX. For example, through WalletGuide and WalletConnect Certified, wallet providers will have continued incentives to improve the standard of wallets across all of Web3 with performance reward mechanisms defined by consensus-based criteria. Node rewards will also take into account performance factors like uptime and latency, encouraging node operators to continually build and optimize infrastructure for usability.

Similarly, all other rewards are directly aligned with a shared desire, intention, and responsibility for network participants to support the growth of a more usable Web3.

As the network evolves, its community will have the opportunity to determine how and when rewards can be allocated and distributed.