Token Distribution
WCT has an initial total supply limited to 1 billion tokens, with the following allocation:
- Core Development: 7% for further development of the protocol and related modules
- Rewards: 17.5% for staking and yield rewards
- Airdrops: 18.5% for seasonal airdrops to users, applications, wallets, nodes, etc.
- Team: 18.5% allocated to members of the Reown and WalletConnect teams
- Early Supporters: 11.5% allocated to those who provided resources and support to the network in its early stages
- WalletConnect Foundation: 27% for partnerships, grants, ecosystem development, and operations
Tokens allocated to core development, team, and early supporters will be subject to a 4-year unlock schedule, including a 1-year cliff, starting from the Token Generation Event (TGE).
Airdrop allocations will begin from the public launch of the token and will continue in the form of seasonal airdrops in the following years.
Token Inflation Mechanism
The initial design of the tokenomics of the WalletConnect network does not include token inflation. The current model focuses on using existing token allocations and potential fee structures to support network operations and incentivize participation, in such a way that inflation is not necessary within the first 3-4 years.
However, the governance structure of the network and the community maintains the flexibility to implement inflation mechanisms in the future if deemed appropriate. This flexibility exists primarily to create long-term sustainability for reward programs that incentivize participation and network growth. Any decision to introduce inflation would be subject to careful consideration of network metrics, feedback from participants, and the overall health of the ecosystem, with specific parameters determined through governance processes.
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