🧭 What Is WCT?

WCT is the native token of WalletConnect, the popular open‑source protocol that connects crypto wallets to decentralized applications (dApps). It operates across Ethereum, Optimism, Solana, and more .

The total supply is 1 billion WCT, with allocations roughly as follows:

Foundation 27%, Airdrops 18.5%, Team 18.5%, Early supporters 11.5%, Core development 7%, Rewards **17.5%** .

📅 Launch Timeline

Initial announcement in September 2024, including a whitepaper and decentralization roadmap .

First airdrop (50 M tokens) distributed in November 2024 to early users, node‑operators, and contributors .

Launch details:

Farming started April 11, 2025, via Binance Launchpool (BNB, FDUSD, USDC) .

Trading went live on April 15, 2025, across Binance, OKX, Kraken, Crypto.com, Gate.io, MEXC — with initial circulating supply around 186.2 M tokens (~18.6%) Token became transferable at listing .

💱 Token Utility

Governance: WCT holders can vote on protocol upgrades, fee models, ecosystem grants, and more .

Staking & Rewards: Enables staking (1 week–2 years), rewards node‑operators, wallets, devs, or active users .

Fee mechanism: May be used for future relay or access fees in the WalletConnect ecosystem .

📈 Market Performance

Launch price on Gate.io: approx. $0.276

Early volatility followed:

Jumped to ~$0.40 at launch, then crashed to ~$0.27 due to early airdrop sell‑offs.

Brief high of ~$0.63, now settled near ~$0.33 .

Some analysts predict price by end‑2025 ranging between $0.65–$1.25, citing network growth and token incentives .

Risks & Community Concerns

High volatility typical of newly launched tokens. Classic pump‑and‑dump cycles observed due to early sell‑offs .Skepticism about whether WalletConnect truly needed a token; founder Pedro Gomes stresses alignment of incentives and decentralized infrastructure .

Red flags from some corners:Reddit users warn of pump-and-dump scams via unofficial groups promoting WCT – note these refer to stock scams and not related to WalletConnect token itself.