Allowing holders to participate in governance, support network security, and earn rewards. Here's what's new and important to know:
Staking Benefits:
Governance Participation:
WCT holders can participate in governance voting, influencing the network's roadmap and decisions.
Weekly Rewards:
Stakers receive weekly rewards based on their proportional share of the total stakeweight in the network.
Network Security:
Staking supports network 🛜 security and high-performance standards.
Staking Details:
Lock-up Period:
Tokens can be locked for 1 week to 2 years, with longer commitments earning more rewards.
Stakeweight Calculation:
Stakeweight determines rewards and is calculated based on the amount of WCT staked and remaining lock time.
Rewards Distribution:
Rewards are distributed weekly, every Thursday, to eligible stakers.
Where to Stake:
Binance:
Offers 16.38% APR for an indefinite period.
Another platform offering WCT staking options.
Other Platforms:
Bi-conomy, Ku-coin, Bi-true, and PancakeSwap also support WCT staking.
Additional Information:
Tokenomics:
WCT has a total supply of 1 billion tokens, with 17.5% allocated for staking and performance rewards.
Community Involvement:
WCT holders can contribute to the network's decentralization and governance.
What is Wallet Connect:
@WalletConnect is a protocol that enables secure connections between cryptocurrency wallets and decentralized applications (dApps). It acts as a bridge, allowing users to interact with various dApps using their preferred wallets, without exposing their private keys. Here's how it works.
Secure Connection:
WalletConnect establishes an encrypted connection between a wallet and a dApp through QR code scanning or deep linking.
Compatibility:
It supports over 170 crypto wallets, including MetaMask, Trust Wallet, and Ledger Live, and is compatible with multiple blockchain networks like Ethereum, Polygon, Solana, and Binance Smart Chain.
Key Features:
Seamless Authentication:
Allows for easy connection and interaction with dApps.
Secure Transaction Signing:
Ensures safe transactions without sharing private keys.
Multi-Chain Support:
Enables connections across various blockchain networks.
Benefits:
Enhanced Security:
Provides a secure and private connection, protecting user data.
Flexibility:
Supports multiple wallets and dApps, offering a wide range of web3 experiences.
User Experience:
Offers a dynamic user interface and seamless navigation.
WalletConnect has become a crucial infrastructure in the web3 space, facilitating over 150 million connections and supporting more than 40,000 applications and 600+ wallets. Its ability to provide secure, end-to-end encrypted connections has enabled interoperability across different wallets, apps, and chains.
