WalletConnect and WCT: Powering the Web3 Connectivity EcosystemIntroductionIn the rapidly evolving world of blockchain and decentralized technologies, seamless and secure connectivity between cryptocurrency wallets and decentralized applications (dApps) is a cornerstone of user experience. WalletConnect, launched in 2018, has emerged as a leading open-source protocol addressing this need, enabling users to connect their wallets to dApps across multiple blockchains securely and efficiently. With the introduction of its native token, WalletConnect Token (WCT), the project has taken a significant step toward decentralization, community governance, and incentivizing network participation. This article explores WalletConnect’s technology, the role of WCT, its tokenomics, and its impact on the Web3 ecosystem.What is WalletConnect?WalletConnect is an open-source protocol designed to facilitate secure communication between cryptocurrency wallets and dApps. Unlike traditional methods that rely on browser extensions or manual address inputs, WalletConnect uses QR codes or deep linking to establish encrypted connections, ensuring users can interact with dApps without exposing private keys. This chain-agnostic protocol supports over 300 blockchains, including Ethereum, Solana, Cosmos, Polkadot, and Bitcoin, making it a critical infrastructure layer for Web3.Since its inception, WalletConnect has facilitated over 300 million connections for more than 47.5 million users across 600 wallets and 67,000 dApp projects. Its decentralized network of service and gateway nodes ensures secure, end-to-end encrypted communication, enhancing user privacy and reliability. The protocol’s ability to connect wallets to dApps on both mobile and desktop platforms has made it an industry standard for Web3 user experience (UX).The Evolution of WalletConnectFounded by Pedro Gomes, WalletConnect initially aimed to solve the problem of connecting desktop dApps with mobile wallets. Its QR code-based connection method simplified the process, eliminating the need for cumbersome browser extensions. Over time, WalletConnect evolved into a comprehensive ecosystem, introducing features like Smart Sessions in version 2.0, which allow sustained connections across multiple dApps without frequent re-authentication.In 2023, WalletConnect began its decentralization roadmap with the technical upgrade to version 2.0, followed by the introduction of node operators in 2024. The launch of WCT in 2024 marked a pivotal moment, enabling community-driven governance and incentivizing participation through staking and rewards. The WalletConnect Foundation, along with contributors like Reown, Consensys, and Ledger, continues to steward the network’s growth.The WalletConnect Token (WCT)WCT is the native utility token of the WalletConnect Network, launched on Optimism’s OP Mainnet to leverage Ethereum’s security and Optimism’s scalability. With a total supply capped at 1 billion tokens, WCT serves four primary functions: governance, staking, rewards, and potential network fees. These functions empower the community to shape the network’s future while ensuring its stability and growth.Key Functions of WCTGovernance: WCT holders can propose and vote on network changes, such as protocol upgrades, fee structures, and reward allocations. This decentralized governance model ensures community control over the network’s development.Staking: Users can stake WCT to secure the network and earn rewards. Staking durations range from one week to two years, with incentives increasing based on commitment length.Rewards: WCT tokens are distributed to incentivize participation, rewarding node operators, wallet providers, and users based on metrics like uptime, latency, and connection volume.Fees: While the network currently operates without fees, WCT holders can vote to implement fees for services like relay usage. A proposed Monthly Active User (MAU) model aims to provide a scalable fee structure.TokenomicsThe initial supply of WCT is allocated as follows:WalletConnect Foundation: 27% (270 million WCT) for partnerships, grants, and ecosystem development.Airdrops: 18.5% (185 million WCT) for community distribution to users, apps, and contributors.Development Team: 18.5% (185 million WCT) as compensation.Rewards: 17.5% (175 million WCT) for staking and performance-based incentives.Backers: 11.5% (115 million WCT) for early supporters.Core Development: 7% (70 million WCT) for protocol development.Tokens allocated to the team and backers are subject to a four-year unlock period with a one-year cliff, ensuring long-term alignment with the network’s goals. The tokenomics model avoids inflation initially, focusing on existing allocations and potential fee structures for sustainability. However, the community retains the flexibility to introduce inflation if needed.WCT Airdrop and Community IncentivesWalletConnect has launched a series of airdrops to reward active users and contributors. The Season 1 airdrop, which opened registration in October 2024 and concluded on January 3, 2025, distributed 50 million WCT tokens. Eligibility was based on users’ on-chain activity, such as connections and signatures, and contributors’ work on projects like CAIPs, EIPs, and SDKs. Users could increase their eligibility by connecting multiple wallet addresses and GitHub accounts.Subsequent airdrop seasons are planned for 2025, with 18.5% of the total supply reserved for community distribution. These initiatives aim to foster engagement and build a robust community to drive the network’s decentralization.How WalletConnect WorksWalletConnect operates as a communication layer between wallets and dApps, using a decentralized network of nodes to relay encrypted messages. The process is simple:Connection Initialization: A user selects WalletConnect in a dApp, generating a QR code or deep link.Wallet Connection: The user scans the QR code or clicks the deep link using a supported wallet (e.g., Trust Wallet, MetaMask).Secure Communication: The WalletConnect network facilitates encrypted message transfers, ensuring private keys remain secure.Session Management: Users can manage active connections within their wallet app, terminating unnecessary sessions for security.The protocol’s Software Development Kits (SDKs) enable developers to integrate WalletConnect into wallets and dApps seamlessly. Its chain-agnostic design ensures compatibility across diverse blockchain ecosystems, enhancing interoperability.Security and PrivacyWalletConnect prioritizes security through end-to-end encryption, preventing relays from accessing sensitive data like wallet addresses or transaction details. This makes it suitable for privacy-focused use cases, such as online payments. The protocol’s security has been audited by reputable firms like Trail of Bits, reinforcing its reliability.Market Performance and TradingAs of June 20, 2025, WCT’s price is approximately $0.35 USD, with a 24-hour trading volume of around $43 million. The token is listed on major exchanges like Binance, Bitget, and MEXC, with trading pairs including WCT/USDT, WCT/USDC, and WCT/BNB. Its market cap is roughly $65 million, with a circulating supply of 186.2 million tokens. WCT reached an all-time high of $1.35 on May 30, 2025, but has since declined by about 74.8%.Future OutlookWalletConnect’s roadmap focuses on further decentralization, with plans to expand node operator participation and enhance governance mechanisms. The integration of WCT into Solana, announced on May 24, 2025, via Wormhole’s Native Token Transfer (NTT), signals its commitment to cross-chain expansion. Partnerships with platforms like Phantom, Jupiter DAO, and Solflare are set to enhance WCT’s utility.The WalletConnect Foundation aims to establish councils (e.g., Technical and Partnerships Councils) to manage specific network functions, transitioning toward a fully decentralized DAO. As Web3 adoption grows, WalletConnect’s role as a connectivity layer will likely become even more critical, driving innovation in on-chain UX.ConclusionWalletConnect and its WCT token represent a pivotal advancement in Web3 infrastructure, bridging the gap between wallets and dApps with a focus on security, interoperability, and decentralization. With a robust ecosystem, community-driven governance, and strategic airdrops, WalletConnect is well-positioned to shape the future of on-chain user experiences. As the network continues to evolve, WCT holders and participants will play a crucial role in defining Web3’s connectivity standards.
#WalletConnect #WCT #WCTLaunchpool #walletconnectairdrop #BTCPrediction
Binance Square: Complete Tasks in the Creator Pad to Unlock $500,000 in WCT Token Rewards!
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Square is pleased to introduce a new feature, CreatorPad, where verified users may complete simple tasks to unlock $500,000 in Wallet Connect (WCT) token rewards. CreatorPad is a one-stop platform on Binance Square where users can complete tasks to earn token rewards.
Activity Period: 2025-06-19 12:00 (UTC) to 2025-09-30 12:00 (UTC)
Promotion A: Compete for Mindshare to Unlock a Share of $200,000 in WCT
All verified Binance users can complete the following tasks to unlock a share of $200,000 in the WCT token reward pool.
During the Activity Period, eligible users who successfully complete all of the below tasks (Task 1, 2 and 3) will qualify for a share of $200,000 in the WCT reward pool. The more posts users create, the greater the share of the reward pool they will unlock.
Task 1: Create content on Binance Square with a minimum of 100 characters about the project using the hashtag #WalletConnect and mention the project’s account @undefined Content should be relevant to WalletConnect and original to be eligible.
Task 2: Follow the project’s account on Binance Square and X via the Activity landing page.
Task 3: Complete any of the following trading tasks:
Spot: Trade a minimum of $20 in WCT in a single transaction
Futures: Trade a minimum of $20 in WCT in a single transaction
Mindshare will be calculated via the following formula:
User’s post volume: Number of posts created by the user mentioning @undefined $WCT, or #walletconnect
Total post volume
Engagements to posts created
Reward per user: (User’s post volume / Total post volume) * (User’s engagement / Total engagement) * $200,000
Promotion B: Submit Articles to Unlock a Share of $150,000 in WCT
Stage 1: Complete the following tasks on the Activity landing page to unlock a share of $50,000 in the WCT token reward pool:
Activity Period: 2025-06-19 12:00 (UTC) to 2025-06-30 12:00 (UTC)
Task 1: Create a post on Binance Square with $WCT, #WalletConnect, and @undefined The post must contain at least 300 characters.
Task 2: Create a post on X with $WCT, #WalletConnect, and @undefined The post must contain at least 250 characters.
Users can submit up to 4 posts via this survey form once the Activity Period has concluded.
Reward per user = Each user’s post impressions across all the posts submitted (up to 4 posts) / Total impressions from all eligible posts * $50,000
Eligibility:
Has more than 10,000 followers on Binance Square
Has more than 5,000 followers on X
Did not violate any Binance Square rules in the last 30 days
Has a Verified Badge on Binance Square
Users who participate in Promotion B will not be eligible for rewards in Promotion A.
Details for Stage 2 and 3 will be released on 2025-07-15 and 2025-08-15 respectively.
Promotion C: $150,000 WCT Write to Earn Booster
Eligible Binance Square creators who post qualified content on Binance Square may each earn up to 100% trading fee bonus commissions in WCT token voucher rewards from their readers’ Spot, Margin, and/or Futures WCT trade(s).
How to Participate:
Register on the “Write to Earn" promotion page during the Activity Period.
Publish qualified content pieces that focus on WCT-related content (i.e., short posts, long articles, videos, polls, or audio lives) on Binance Square.
Get up to 100% in trading fee bonus commissions from regular and VIP 1 - 2 users’ Spot, Margin, and Futures trade(s) (excluding copy trading) when they complete WCT trade(s) directly after clicking on a coin cashtag (e.g., $WCT) or any of the coin price widgets in one of your qualified content pieces.
The reward cap per eligible creator is $5,000 in WCT. Learn more about the Promotion here.
Unlock Your WCT Token Rewards Today!
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked Questions
Binance Square Creator Academy
Terms and Conditions
All eligible users are required to complete account verification (KYC) to receive rewards from this Activity.
Illegally bulk-registered accounts or sub-accounts are not eligible to participate or receive any rewards.
There will be caps imposed on the amount of rewards available to eligible users per country/region.
Each X account can only be linked to one Binance Square account.
Only data from Binance Square posts will be taken into account for rewards calculation of Promotion A.
Only participation via Binance master accounts will be eligible for rewards.
Winners will be notified via a push notification under Creator Center > Square Assistant. Voucher rewards will be distributed within 21 working days after the Activity ends.
Users may check their voucher rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.
Binance reserves the right to cancel a user’s eligibility in this Activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.
Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.
Binance reserves the right of final interpretation of this Activity.
Additional promotion terms and conditions can be accessed here.
Trading volumes on all FDUSD, TUSD, and USDT trading pairs will not count toward the trading requirement for EEA users in the Activity.
In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
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