WalletConnect ($WCT ) is a leading open-source protocol that enables connections between non-custodial wallets and decentralized applications (dApps). With this protocol, users can interact with blockchain ecosystems securely without sharing private keys, ensuring the safety and control of their assets. Supporting a wide range of wallets, WalletConnect offers flexibility and a seamless experience within the Web3 space.

To drive ecosystem growth and governance, WalletConnect has introduced the @WalletConnect Token (WCT), a native token designed to enhance governance, community rewards, and economic activities within the WalletConnect ecosystem.

Built on the Optimism Layer-2 blockchain, WCT leverages scalability and low transaction costs to improve user experience. The token has a capped supply of 1 billion, with 18.5% allocated for the first airdrop season, reflecting WalletConnect's commitment to rewarding early adopters and contributors.

Key features of the WalletConnect token

  • Decentralized Governance:
    WCT holders can participate in governance processes by voting on proposals to shape the future of the WalletConnect ecosystem.

  • Staking Rewards:
    Encouraging long-term participation, WCT provides staking opportunities to earn additional rewards, fostering community loyalty and enhancing network security.

  • Service Fees and Voting Rights:
    Currently, WalletConnect charges no service fees. However, in the future, WCT holders will decide on these fees, shaping the ecosystem’s economy.

  • Community Incentives:
    A portion of WCT is allocated to reward active participants who contribute to network stability and efficiency.

  • Inflation Control:
    WCT is designed without inflation. To maintain sustainability, the network may implement service fees to support infrastructure operations and maintenance.

  • Ecosystem Utility:
    WCT serves as a core component in driving network activities, including supporting developers, incentivizing node operators, and other functions to expand the ecosystem.

With these features and clear objectives, #WalletConnect Token is not just a governance tool but also a catalyst for sustainable growth in the WalletConnect ecosystem. The launch of WCT reinforces the protocol's foundation while inviting users to become part of a dynamic and secure decentralized community.

How does WalletConnect work?

WalletConnect is not a standalone application but an open-source protocol enabling secure and easy interaction between crypto wallets and decentralized applications (dApps) without requiring additional software downloads. This protocol provides a superior alternative to traditional connection methods, simplifying processes and enhancing security. Here's how WalletConnect works:

  • Connection Initialization:
    Users select WalletConnect as the connection method within a dApp. WalletConnect generates a QR code containing this connection request.

  • Authentication:
    Users scan the QR code using their crypto wallet and approve the connection within the wallet.

  • Session Establishment:
    Once approved, an encrypted and secure connection is established between the wallet and the dApp, enabling seamless communication.

  • Transaction Signing:
    All interactions, such as token swaps or NFT purchases, are authorized directly from the user's wallet.


Advanced features of WalletConnect

  • Multi-Chain Support:
    @WalletConnect enables users to connect across multiple blockchains simultaneously, enhancing its utility in a multi-chain ecosystem.

  • Session Persistence:
    The protocol retains active sessions, reducing the need for frequent reconnections.

  • Decentralized Messaging:
    Future updates aim to incorporate secure messaging capabilities to enhance user interaction.


Tokenomics

The initial supply of WCT is capped at 1 billion, with allocations designed to support the Network's growth and sustainability. These allocations include:

WalletConnect Foundation (27%): For partnerships, grants, ecosystem development, and operations

Airdrops (18.5%): For seasonal airdrops to users, apps, wallets, nodes, etc.

Team (18.5%): For team members

Rewards (17.5%): For staking and performance rewards

Backers (11.5%): For those who provided resources and support to the early-stage Network

Core Development (7%): For further development of the protocol and related modules

Roadmap & technology


The WalletConnect Network today plays a critical role as the centerpiece of connectivity for web3, connecting apps and wallets and providing fundamental communication channels for almost all projects and tools within the onchain economy to enable millions of users to connect to the decentralized world.


The WalletConnect Network supports 700+ wallets, so chances are, you’re already a network power user. WalletConnect facilitated 18M connections in March alone for the top eight Web3 wallets. 




Guide to Stake WCT

  1. Visit staking.walletconnect.network.

  2. Connect your wallet (supports MetaMask, Trust Wallet, etc.).

  3. Choose the amount of WCT to stake and confirm the transaction.

  4. Earn staking rewards and participate in governance to shape WalletConnect's future.


Connect your wallet with WalletConnect to explore the limitless world of Web3. Stake WCT to earn rewards and contribute to building a decentralized future!

Stake WTC Here: profile.walletconnect.network