WalletConnect is a game-changer in the Web3 space. In September 2024, WalletConnect launched its native token WCT and deployed it on the Optimism network. This represented a significant step towards decentralized governance.
On April 15, 2025, WCT will be listed on leading trading platforms such as Binance, OKX, MEXC, Bitget, and KuCoin. The community is excited, and OKX is launching an airdrop program for 6.5 million WCT tokens.
At the same time, the source code of WalletConnect has been fully opened. This allows for token transfers and supports future growth. The WalletConnect Foundation also raised $10 million through a token sale. A special funding round of $500,000 sold out in just 11 seconds on the Echo platform, demonstrating strong market confidence.
Project Overview: The core Web3 connectivity tool
WalletConnect is an open-source protocol that facilitates and secures the connection of cryptocurrency wallets to decentralized applications (dApps). Since its launch in 2018, WalletConnect has become a core component of Web3, supporting over 35 million users and 22 billion interactions. It supports popular wallets such as MetaMask, Trust Wallet, and Coinbase Wallet, and works on chains like Ethereum, Solana, and Cosmos.
Users can connect to the decentralized application (dApp) by scanning a QR code or using a deep link without exposing their private keys. This makes the experience more secure and seamless. WalletConnect aims not only to connect technology but also to build a decentralized community-based ecosystem. The WCT token is used for governance, fees, staking, and rewards, helping the network grow in a healthy and sustainable way.
WCT Token: The Essence of the Ecosystem
There are a total of one billion WCT tokens. The distribution is clear:
27% to the WalletConnect fund
18.5% for the airdrop
18.5% for the development team
The remainder is allocated for community activities and outreach.
WCT operates on the Optimism mainnet and supports cross-chain features. In the future, it will expand to include more blockchains. Token holders can vote on network upgrades, fees, and more, leading to a transition to a DAO (Decentralized Autonomous Organization) model.
WCT is not just a governance tool; node operators invest in WCT to maintain the security and stability of the network and earn rewards. Developers can receive funding from the foundation to support new decentralized applications. WalletConnect also plans to launch a decentralized messaging service and many other features, improving user interaction.
Technical Strength: Leading in Security and Compatibility
The WalletConnect system is designed to be decentralized. It uses a service contract and gateway contract to encrypt messages and route data, ensuring privacy and reliability. Its blockchain-agnostic design allows it to work with multiple blockchains, removing ecosystem barriers.
This flexibility makes WalletConnect the ideal choice for connecting Web3 applications, especially in the fields of decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming. The software development kit (SDK) is also being enhanced, making it easier for developers to build on the platform. WalletConnect has supported over 27.5 billion connections and 45 million users worldwide.
WCT founder Pedro Gomez stated that the launch of the WCT token aims to create "better alignment with the token market" and bring together node operators, wallets, and application developers towards a shared vision - a network without central control.
Outlook: Leading the Development of Web3
WalletConnect has a bright future. With the anticipated launch of the WCT token and increasing decentralization in the ecosystem, more developers and users are expected to join. The project is likely to continue solidifying its leading position in the Web3 space.
Reown, the parent company of WalletConnect, recently raised $13 million in a Series B funding round, bringing its total funding to $23.5 million. This shows strong support from investors. New products, such as WalletConnect Phone, highlight the team's goal of bridging the digital and physical worlds.
WalletConnect is becoming a foundational infrastructure for Web3 technology. With its robust technology and community-driven model, WalletConnect is changing how wallets and decentralized applications interact.
The token $WCT breathes new life into the network, allowing users and developers the opportunity to contribute to building a decentralized future. As WalletConnect continues to grow and expand across multiple chains, it is likely to remain a major force in the blockchain world. @WalletConnect#WalletConnect
