🚀 $WCT holders, here’s a fun drop!
Red Packet ready for claim — maybe it’s your lucky moment!
#RedPacket #CryptoLuck #notcoin #BuiltonSolayer $BNB $BTC
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The WalletConnect Token (WCT) is the native cryptocurrency of the WalletConnect Network, an innovative onchain user experience (UX) ecosystem designed to facilitate seamless connections between cryptocurrency wallets and decentralized applications (dApps) across multiple blockchains. Launched on Optimism’s OP Mainnet, WCT leverages Ethereum’s robust security combined with Optimism’s speed and scalability, positioning it as a key player in the Web3 infrastructure space. WalletConnect has established itself as an industry standard, powering over 300 million connections for more than 47.5 million users across 600 wallets and 67,000 projects, making WCT integral to this expansive ecosystem.
WCT serves multiple purposes within the network. It acts as a governance tool, allowing token holders to vote on proposals, including potential fee structures and protocol upgrades, fostering a decentralized decision-making process. Additionally, WCT enables staking, where holders can lock their tokens to support network stability and earn rewards, with incentives varying based on lock-up duration and contribution levels. The token also powers a rewards system, distributing 17.5% of its total supply to community contributors, such as node operators and wallet providers, based on performance metrics like uptime and connection success rates. While the network currently operates without fees, future implementations may involve WCT for transaction costs, subject to community governance.
The tokenomics of WCT are structured with a total supply capped at 1 billion tokens. Allocations include 27% to the WalletConnect Foundation for ecosystem development, 18.5% each for the team and airdrops, 11.5% for early supporters, and the remainder for rewards and operations. Airdrops, such as the Season 1 distribution of 50 million tokens, aim to engage the community and incentivize movements.
