#walletconnect @WalletConnect WalletConnect—the widely-used protocol that securely links wallets to decentralized apps—introduced the WalletConnect Token (WCT) in late 2024 as part of its push toward decentralization and community governance.  

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WCT: Token Utility & Design

Core Functions of WCT:

• Governance: Holders can propose and vote on key protocol elements, including upgrades, fee structures, and strategic direction.  

• Staking: Users may stake WCT (with lock-up periods ranging from 1 week to 2 years) to secure the network, earn rewards, and Rewards: The token incentivizes node operators, wallets, and contributors based on performance metrics like uptime and successful connections.  

• Future Fee Governance: While WalletConnect doesn’t charge fees currently, WCT holders will be able to propose and vote on fee models—like relay usage charges—governed by community consensus.  

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Tokenomics & Allocation

• Total Supply: Fixed at 1 billion WCT.  

• Allocation Breakdown:

• WalletConnect Foundation: 27% Team: 18.5%

• Airdrops: 18.5%

• Rewards: 17.5%

• Early Backers: 11.5%

• Core Development: 7%   

• Inflation Policy: No planned inflation in the initial 3–4 years; any future changes would be governance-driven.  

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Token Launch & Transferability

• Initial Non-Transferable Phase: WCT was non-transferable at launch to stabilize the network and limit speculative trading, allowing focus on governance and staking functions.  

• Transfer Enabled: Starting April 15, 2025,