$WCT

🔍 What is WCT?
WCT is the native utility token of the WalletConnect Network, launched on Optimism’s OP Mainnet. It serves four core functions:

Staking — Users lock tokens to secure the network and earn rewards.
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Governance — Token holders vote on protocol fees, reward structures, and network upgrades.
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Rewards — A portion of supply (17.5%) is allocated for staking incentives, node performance, and ecosystem contributions.
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Fees — While currently unused, future network services may charge WCT-based fees under governance control.
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🛡️ Transferability & Tokenomics
Fully transferable since April 15, 2025 ― prior to this, WCT was non‑transferable to foster ecosystem stability
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Total supply: 1 billion WCT.

Foundation: 27%

Airdrops: 18.5%

Team & backers: ~30%

Rewards & developers: remainder
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No inflation planned—unless future governance votes deem it necessary.
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📈 Recent Developments
Staking launched on Nov 26, 2024, with rewards distribution starting mid‑December ’24.
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Airdrop seasons—first ran Sept 24–Oct 18, 2024, distributing 50 M WCT. Future airdrops will follow in 2025.
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Listed on exchanges like KuCoin and Bitget in December 2024.
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Community Voices
From r/ethtrader about the airdrop:

“Season one is making waves with 50 million WalletConnect Tokens being distributed to over 160,000 lucky users.”
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On the expansion:

“WalletConnect changed the game for Web3 … With big name support from the likes of Consensys and Ledger.”
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