CRYPTO MECHANIC
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WalletConnect (WCT) | The 67th Project on Binance Launchpool
WalletConnect was founded in 2018 with the goal of developing a protocol that would enable seamless connections between wallets and applications across all platforms. Now they are coming up with their governance token WCT. The token is currently available to farm on Binance Launchpool. That means you have the opportunity to get it for free without risk.
As the token will be listed on binance lets explore WCT token and also how you can farm it.
What is Walletconnect (WCT) ?
The WalletConnect Network solves UX problems such as connecting users’ wallets to dapps in an end-to-end encrypted fashion. Beyond this, the Network promotes the use of standardized payloads to be used such as those defined by the Chain Agnostic Standards Alliance (CASA) which enables developers today to use the same interfaces no matter which network is used.
The WCT token powers the onchain UX ecosystem, acting as both a reward and governance mechanism within the ecosystem. This section outlines the
functionality, fee structures, and rewards associated with the WCT token.
Primary Functions of WCT
The WCT token has four primary functions within the WalletConnect Network
Fees
Fees play a crucial role in the long-term sustainability of the network, with the network’s community and contributors having the role of defining and shaping exactly how they will support and drive the network’s economic flow.
At first the Network will not charge fees, but token holders will have the ability to vote on fees being charged for Network services such as relay usage and other future services.
Rewards
17.5% of the initial token supply is allocated to incentivize participants in the WalletConnect Network during its first years. 5% will be distributed in the first year, with 12.5% reserved for subsequent years.
WCT tokens are distributed as rewards to incentivise participation and contribute to Network security and efficiency.
Staking
Any holder of WCT has the opportunity to stake their tokens to the network. Staking tokens enables individuals to further contribute toward the stability and sustainability of the network and receive rewards for doing so.
Staking rewards come from a portion of the general reward pool, with the percentage set by governance. Each staker’s rewards are based on their stake weight, which is capped to prevent over-concentration. Rewards increase with longer commitments and larger stakes.
Governance
The governance of the WalletConnect Network is designed to promote decentralization, transparency, and community involvement. The WalletConnect Foundation stewards the Network's growth, supporting stakeholders through grants, application development, and partnerships.
WCT holders can vote on proposals and changes, giving the community control over the Network’s development through decentralized governance.
WCT potential Future Use Cases
Network fee paymentsIncentivising community-driven UX improvementsSeasonal wallet selection votingBeta testing program accessEarly access partnerships with appsStaking for participation in App Certified programme
WTC Existing Products
The WalletConnect Network is a decentralized infrastructure for wallets to connect to apps on any blockchain. This service is provided across all blockchains and platforms to enable the best user experience onchain without limitations to user preferences
Besides the protocol being completely chain-agnostic it provides a high-uptime and low-latency service that is operated by multiple node operators that are incentivized by network rewards for their participation.
Right now Apps are not required to pay for this service but in the future they will be charged fees with WCT. Depending on the activity driven through the WalletConnect Network there will be proportional rewards being distributed to all Wallet partners.
WTC Token Fundraising
Renown issued Token Warrants to Investors during three financing rounds (Fb. 2022, Oct. 2022 and 2024). Token Warrants were fulfilled by WalletConnect Limited in November 2024.Tokens issued via the Token Warrants are subject to a 4-year lock-up with a 1-year 25% cliff.Currently, four token sale rounds are conducted and close to completion:
Private Rounds
(~ 10m WCT Token) to be sold to angels and institutional investors (1.25m WCT Token will be subject to a 4-year lock-up with 1-year cliff; the remainder are not subject to lockup schedules.Bitget sale (20m WCT Token, not subject to lockup schedule).CoinList sale (19,980,199 WCT Token, not subject to lockup schedule).Echo private sale (2.5m WCT Token) sold to angel investors.
WTC Tokenomics
Token Name: WalletConnect (WCT)
Total Token Supply: 1,000,000,000 WCT
Max Token Supply: 1,000,000,000 WCTInitial Circulating Supply When Listed on Binance: 186,200,000 WCT (18.62% of total token supply)
WTC Token Distribution
Core Development: 7% For further development of the protocol and related modules Rewards: 17.5% For staking and performance rewards Airdrops: 18.5% For seasonal airdrops to users, apps, wallets, nodes, etc Team: 18.5% For team members of Reown and WalletConnect. Previous Backers: 11.5% For those who provided resources and support to the early-stage Network. WalletConnect Foundation: 27% For partnerships, grants, ecosystem development, and operations.
Token Release Schedule
Token Inflation
The initial design of the WalletConnect Network’s tokenomics does not include token inflation. The current model focuses on utilizing existing token allocations and the potential to introduce fee structures to support Network operations and
incentivize participation such that inflation is not envisioned within the first 3-4 years.
However, the Network’s governance structure and community retain the flexibility to implement inflation mechanisms in the future if deemed appropriate.
WTC Future Work and Roadmap
WCT ON BINANCE LAUNCHPOOL
To participate in Binance Launchpool you will need a verified Binance Account.
Like i said participating in the launchpool is a free money. If you are a holder of BNB, FDUSD or USDC you can have it by staking it Or you can buy BNB, FDUSD or USDC and stake it to get WCT tokens
STEP 1:
Go to Binance Launchpool
Farm WCT token with BNB , USDC or FDUSD
You can also use these direct links 👇
Farm WCT With BNB 👈
Farm WCT with USDC👈
Farm WCT With FDUSD👈
This is how easy and simple it is
WCT Token will be listed in Spot on 2025-04-15 11:00 (UTC)
I hope you found this article helpful, Let me know your thoughts about the project "Walletconnect"
As the token will be listed on binance lets explore WCT token and also how you can farm it.
What is Walletconnect (WCT) ?
The WalletConnect Network solves UX problems such as connecting users’ wallets to dapps in an end-to-end encrypted fashion. Beyond this, the Network promotes the use of standardized payloads to be used such as those defined by the Chain Agnostic Standards Alliance (CASA) which enables developers today to use the same interfaces no matter which network is used.
The WCT token powers the onchain UX ecosystem, acting as both a reward and governance mechanism within the ecosystem. This section outlines the
functionality, fee structures, and rewards associated with the WCT token.
Primary Functions of WCT
The WCT token has four primary functions within the WalletConnect Network
Fees
Fees play a crucial role in the long-term sustainability of the network, with the network’s community and contributors having the role of defining and shaping exactly how they will support and drive the network’s economic flow.
At first the Network will not charge fees, but token holders will have the ability to vote on fees being charged for Network services such as relay usage and other future services.
Rewards
17.5% of the initial token supply is allocated to incentivize participants in the WalletConnect Network during its first years. 5% will be distributed in the first year, with 12.5% reserved for subsequent years.
WCT tokens are distributed as rewards to incentivise participation and contribute to Network security and efficiency.
Staking
Any holder of WCT has the opportunity to stake their tokens to the network. Staking tokens enables individuals to further contribute toward the stability and sustainability of the network and receive rewards for doing so.
Staking rewards come from a portion of the general reward pool, with the percentage set by governance. Each staker’s rewards are based on their stake weight, which is capped to prevent over-concentration. Rewards increase with longer commitments and larger stakes.
Governance
The governance of the WalletConnect Network is designed to promote decentralization, transparency, and community involvement. The WalletConnect Foundation stewards the Network's growth, supporting stakeholders through grants, application development, and partnerships.
WCT holders can vote on proposals and changes, giving the community control over the Network’s development through decentralized governance.
WCT potential Future Use Cases
Network fee paymentsIncentivising community-driven UX improvementsSeasonal wallet selection votingBeta testing program accessEarly access partnerships with appsStaking for participation in App Certified programme
WTC Existing Products
The WalletConnect Network is a decentralized infrastructure for wallets to connect to apps on any blockchain. This service is provided across all blockchains and platforms to enable the best user experience onchain without limitations to user preferences
Besides the protocol being completely chain-agnostic it provides a high-uptime and low-latency service that is operated by multiple node operators that are incentivized by network rewards for their participation.
Right now Apps are not required to pay for this service but in the future they will be charged fees with WCT. Depending on the activity driven through the WalletConnect Network there will be proportional rewards being distributed to all Wallet partners.
WTC Token Fundraising
Renown issued Token Warrants to Investors during three financing rounds (Fb. 2022, Oct. 2022 and 2024). Token Warrants were fulfilled by WalletConnect Limited in November 2024.Tokens issued via the Token Warrants are subject to a 4-year lock-up with a 1-year 25% cliff.Currently, four token sale rounds are conducted and close to completion:
Private Rounds
(~ 10m WCT Token) to be sold to angels and institutional investors (1.25m WCT Token will be subject to a 4-year lock-up with 1-year cliff; the remainder are not subject to lockup schedules.Bitget sale (20m WCT Token, not subject to lockup schedule).CoinList sale (19,980,199 WCT Token, not subject to lockup schedule).Echo private sale (2.5m WCT Token) sold to angel investors.
WTC Tokenomics
Token Name: WalletConnect (WCT)
Total Token Supply: 1,000,000,000 WCT
Max Token Supply: 1,000,000,000 WCTInitial Circulating Supply When Listed on Binance: 186,200,000 WCT (18.62% of total token supply)
WTC Token Distribution
Core Development: 7% For further development of the protocol and related modules Rewards: 17.5% For staking and performance rewards Airdrops: 18.5% For seasonal airdrops to users, apps, wallets, nodes, etc Team: 18.5% For team members of Reown and WalletConnect. Previous Backers: 11.5% For those who provided resources and support to the early-stage Network. WalletConnect Foundation: 27% For partnerships, grants, ecosystem development, and operations.
Token Release Schedule
Token Inflation
The initial design of the WalletConnect Network’s tokenomics does not include token inflation. The current model focuses on utilizing existing token allocations and the potential to introduce fee structures to support Network operations and
incentivize participation such that inflation is not envisioned within the first 3-4 years.
However, the Network’s governance structure and community retain the flexibility to implement inflation mechanisms in the future if deemed appropriate.
WTC Future Work and Roadmap
WCT ON BINANCE LAUNCHPOOL
To participate in Binance Launchpool you will need a verified Binance Account.
Like i said participating in the launchpool is a free money. If you are a holder of BNB, FDUSD or USDC you can have it by staking it Or you can buy BNB, FDUSD or USDC and stake it to get WCT tokens
STEP 1:
Go to Binance Launchpool
Farm WCT token with BNB , USDC or FDUSD
You can also use these direct links 👇
Farm WCT With BNB 👈
Farm WCT with USDC👈
Farm WCT With FDUSD👈
This is how easy and simple it is
WCT Token will be listed in Spot on 2025-04-15 11:00 (UTC)
I hope you found this article helpful, Let me know your thoughts about the project "Walletconnect"
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.