WCT is the main focus of Onchain UX, and WalletConnect's bold decentralization effort raised $10 million.
WalletConnect is a fully integrated protocol that connects Web3's parts. It stands out in a world full of fads and fake tokens. The project has entered a new phase of community-driven development, tokenized utility, and unstoppable momentum with the launch of its native token, WalletConnect Token (WCT).
$10 million raised as demand grows
WalletConnect was able to raise more than $10 million with four rounds that were oversubscribed. This shows that the market has a lot of faith in the company.
The CoinList Community Round had 18,000 participants from more than 100 countries. It was four times oversubscribed and raised $15.5 million.
The Bitget LaunchX Round was a big success, bringing in approximately $326 million in less than two hours from over 67,000 people.
Sold $500,000 in 11 seconds during an Echo private auction.
Important members of the community gave an extra $1.5 million in assistance.
These numbers illustrate that the market believes in the infrastructure that WalletConnect is building; they are not just hollow claims.