How to participate starting from April 11, 2025, 08:00 (UTC+8)
Use your BNB, FDUSD, or USDC to throw into the WCT reward pool and start mining WCT tokens! The event lasts only 4 days, it's time-sensitive and tasks are heavy, hurry to Binance to grab a wave!
What is WalletConnect
WalletConnect is an open protocol developed by Reown for secure communication between wallets and Dapps (Web3 applications). The protocol uses bridge servers to establish remote connections between two applications and/or devices to relay payloads. These payloads are symmetrically encrypted using a shared key between the two peers. The connection is initiated by one peer displaying a QR code or a deep link with a standard WalletConnect URI, and it is established when the other party approves the connection request. It also includes an optional push server to allow local applications to notify users of incoming payloads to establish connections.
Currently serving over 30 million users, facilitating over 180 million connections, with over 4 million active users monthly, connecting over 15 million times, covering over 40,000 applications. In the past year, the network skyrocketed by 240%, becoming the traffic hub of Web3.
Features of WalletConnect
Connect on your terms
In the past, using on-chain applications required dealing with mnemonic phrases, plugins, and network settings, and if you're not careful, you might lose your coins. WalletConnect liberates you with a QR code; scan it, and your wallet and dApp connect instantly, with your private keys kept safe, zero incidents in 7 years. You decide what to connect or disconnect, the experience is as smooth as scrolling through your social media.
Fast as the speed of light
WalletConnect runs on Optimism Layer 2, using decentralized nodes and top protocols, delivering explosive performance:
0.5 seconds to connect: from scanning to using
Super strong throughput: processing thousands of connections per second, with zero latency in DeFi transactions and blockchain gaming.
Save big: WCT pays service fees, gas fees are as low as negligible.
This speed perfectly matches high-frequency players and busy dApps.
Super glue that can connect anything
WalletConnect is like a 'universal plug' on-chain, supporting dozens of chains such as Ethereum, Solana, Polygon, Avalanche, Bitcoin, and compatible with hundreds of wallets and over 40,000 applications. Whether on mobile, computer, or smart watch, any device can play. Developers love it too; one integration allows use across the entire network, saving time and hassle.
Project Details
Token Name: WalletConnect (WCT)
Total Token Supply: 1 billion WCT
Launchpool total: 40 million WCT (4% of total supply)
BNB Pool: 34 million WCT (85%)
FDUSD Pool: 2 million WCT (5%)
USDC Pool: 4 million WCT (10%)
Initial circulation: 186.2 million WCT (18.62%)
Key Events:
2018: WalletConnect was born, opening a new chapter in Web3 connectivity.
March 8, 2022: Series A financing of $11 million, showing great potential.
November 3, 2022: Raised an additional $12.5 million, the ecosystem takes off.
2023: Upgraded to v2 protocol, initiated decentralization, introducing nodes (Reown, Consensys, Kiln, etc.).
2024: WalletConnect Foundation established, promoting a permissionless network and expanding nodes (Ledger, 1kx, etc.).
January 15, 2025: Series B financing of $13 million, global expansion.
February 14, 2025: Public funding of $10 million, community is booming.
Future Development
Seizing the Web3 Entry Point
WalletConnect aims to engrave 'scan to enter Web3' into the on-chain DNA, planning to connect over 100,000 applications, sweeping through everything from blockchain games to DeFi, locking down the traffic gateway of Web3.Smart connections making a big move
It's working on 'automated interactions' that allow DeFi to run strategies on its own (like automatically earning profits, exchanging tokens), and can also connect smart devices (like car screens, smart locks), embedding Web3 into your life, super sci-fi!Community in control
WCT holders can stake for rewards, vote on major decisions (like adding new chains, changing fees). dApps use WCT to pay connection fees, with nodes and wallets sharing dividends, creating an increasingly lively ecosystem, like a decentralized grand party.Cross-border Play
In addition to Web3, WalletConnect also wants to work on decentralized identity (DID), on-chain tickets, and digital communities, with over 100 projects queuing for cooperation, potentially becoming popular in the offline world.
Summary
WCT is not just a token; it's the connecting tool for Web3. It allows newcomers to get started instantly and may integrate on-chain and off-chain interactions in the future. With decentralized nodes and hardcore products, WCT leads the Web3 connection race with explosive potential.