#WalletConnect @Wallet Connect WCT is the native ERC-20 token of the WalletConnect Network, which powers its decentralized infrastructure that enables seamless, secure connections between wallets and decentralized apps (dApps).

Key Utilities of WCT:

Governance: WCT holders participate in decision-making, from fee structures to protocol upgrades.

Staking: Token holders can stake their WCT (for periods ranging from 1 week to 2 years) to support the network and earn rewards, with longer Tokenomics & Allocation

Total Supply: 1 billion WCT.

Initial Allocation Breakdown:

WalletConnect Foundation: 27%

Airdrops: 18.5%

Team: 18.5%

Rewards: 17.5%

Early Backers: 11.5%

Core Development: **7%**

Vesting: Team, backers, and core development tokens are subject to a 4-year vesting schedule with a 1-yearlock-ups often yielding higher returns.

Rewards: WCT functions as a reward token, distributed to node operators, wallet developers, and contributors based on performance metrics and participation.

Future Fees: While currently no fees are charged, WCT may be used for relay or other network services if activated through governance.Token Transferability & Airdrop

Launched as Non-Transferable: Initially WCT could be used only for governance and staking—not transferable—so as to prioritize network stability and reduce speculative risk.

Transferability Enabled: Since April 15, 2025, WCT has been fully transferable following a governance vote and ecosystem readiness milestones.

Airdrop Overview: The Season 1 airdrop ran from late 2024, distributing 50 million WCT (5% of supply) to eligible users and contributors—30M to active users and 20M to node operators, GitHub contributors, etc.

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