The total supply of WCT tokens is fixed at 1 billion, with 18.5%—equating to 185 million tokens—designated for the Season 1 airdrop.
WalletConnect, a popular Web3 communications protocol, is advancing its decentralization efforts by launching its native token, WCT (WalletConnect Token), on the Optimism Mainnet, an Ethereum Layer 2 network. This launch includes a substantial airdrop of 185 million WCT tokens, empowering WalletConnect users with greater governance control and economic influence within the ecosystem.
Airdrop registration begins on September 24, 2024, with eligibility based on users’ past interactions with WalletConnect. CEO Jess Houlgrave stated that this move aligns with the platform’s decentralization goals, emphasizing that WCT will play a key role in both governance and the network’s economic operations.