The crypto market is constantly volatile; BNB holders always have the opportunity to take advantage of Launchpool, Airdrop, Megadrop, or IDO programs to increase their assets. Each small opportunity can yield significant profits, serving as a source of regular "salary." And this time, WalletConnect (WCT) is the next project chosen by Binance for Launchpool. Let's explore the details of this promising project!
# What is WalletConnect (WCT)?
WalletConnect is an open-source protocol that emerged in 2018, allowing secure and smooth connections between cryptocurrency wallets and decentralized applications (dApps). With a mission to create a connection standard between wallets and on-chain applications, WalletConnect has become an essential part of the Web3 infrastructure.
- Notable achievements:
- Supporting over 150 million connections for 24 million users globally.
- Connecting with over 600 wallets and 40,000 applications across 300+ blockchains.
- Network growth over 240% in the past 12 months, playing a crucial role in the flow of over 2 trillion USD in the Web3 ecosystem.
WCT is the native token of WalletConnect Network, built on OP Mainnet (Optimism – a Layer 2 solution of Ethereum), leveraging the fast speeds and low costs of Optimism along with the security of Ethereum. The WCT token will play a key role in:
- Staking: Users can stake to receive rewards and participate in governance.
- Pay fees: Used to pay for network service fees such as relay.
- Governance: WCT owners have the right to vote on network development proposals.
- Rewards: Encouraging participants to maintain a secure and efficient network.
WalletConnect is gradually transitioning from a permissioned model to a fully decentralized model, enhancing censorship resistance and ensuring network sustainability.
# Details about WalletConnect (WCT) Launchpool on Binance
Binance has announced WalletConnect as the 67th Launchpool project, providing users the opportunity to earn free WCT tokens by staking assets like BNB, FDUSD, or USDC. Here are the details:
- Token name: WalletConnect (WCT)
- Total token supply: 1,000,000,000 WCT
- Maximum token supply: 1,000,000,000 WCT
- Launchpool rewards: 40,000,000 WCT (4% of total supply)
- Among them:
- BNB Pool: 34,000,000 WCT (85% of rewards)
- USDC Pool: 4,000,000 WCT (10% of rewards)
- FDUSD Pool: 2,000,000 WCT (5% of rewards)
- Learn & Earn campaign: 10,000,000 WCT (distributed in tranches)
- Initial circulating supply: 186,200,000 WCT (18.62% of total supply)
- Farming period: From 00:00 UTC on April 11, 2025, to 23:59 UTC on April 14, 2025 (equivalent to 07:00 on April 11 to 06:59 on April 15 Vietnam time).
- Listing date: April 15, 2025, at 11:00 UTC (18:00 Vietnam time).
- Trading pairs: WCT/USDT, WCT/USDC, WCT/BNB, WCT/FDUSD, WCT/TRY.
- Smart contract: Deployed on OP Mainnet at address: 0xeF4461891DfB3AC8572cCf7C794664A8DD927945.
- Seed Tag: WCT will be tagged with Seed Tag, indicating this is an early-stage project with high potential but also carries risks.
Important Note:
- Binance is the first exchange to list WCT. Any advertisement selling WCT tokens before April 15, 2025, is fraudulent; users need to be careful to avoid scams.
- Some regions like the US, Canada, Japan, Australia, Iran, North Korea... are restricted from participating in Launchpool due to legal regulations.
- Users need to complete KYC and update the Binance app to version 2.89.0 or higher to participate.
#How to participate in WalletConnect Launchpool
Participating in Binance Launchpool is a simple way to earn new tokens without needing to buy directly. Here are the basic steps:
1. Create a Binance account: If you don't have one, register at https://www.binance.com/join?ref=B7KIR9XU and complete KYC.
2. Prepare assets: Hold BNB, FDUSD, or USDC in your Binance wallet.
- BNB in Flexible Products, Locked Products, Simple Earn, or On-chain Yields will automatically count towards Launchpool.
- USDC and FDUSD need to be staked manually in the corresponding pools.
3. Access Launchpool:
- Go to the More section on the Binance app and select Launchpool.
- Choose the pool you want to stake (BNB, USDC, or FDUSD).
4. Stake assets:
- Stake the desired amount of BNB, FDUSD, or USDC.
- Note: Each user can only stake in one pool at a time but can split assets to stake in different pools.
5. Receive rewards:
- WCT rewards are calculated hourly based on the stake balance and total pool balance.
- A total of 10,000,000 WCT is distributed daily over 4 days of farming.
6. Post-listing trading:
- After the farming ends (April 14, 2025), WCT will be listed on April 15, 2025. Users can trade or hold tokens depending on their strategy.
Benefits for BNB holders:
- Automatically participate in Launchpool if BNB has been staked in Binance products.
- Still receive other benefits like airdrops, VIP privileges while participating in Launchpool.
- Binance supports Spot Algo Orders immediately after WCT listing, and Spot Copy Trading, Trading Bots will be activated within 24 hours thereafter.
# Potential and risks of WCT
#Tiềm Energy
- Strong ecosystem: WalletConnect has proven its important role in Web3 with millions of connections and thousands of integrated applications.
- Multi-chain support: Compatible with both EVM and non-EVM chains, aligning with the trend of multi-chain development.
- Decentralized conversion: Transitioning to a decentralized model with community participation (through staking and governance) enhances sustainability and transparency.
- Support from Binance: Being chosen as a Launchpool project and tagged with Seed Tag indicates WCT has strong growth potential, similar to previous projects like TON, SUI, SEI.
Risks:
- Price volatility: Seed Tag tokens often experience significant volatility, especially in the initial stage after listing.
- Competition: WalletConnect faces other connection protocols in the Web3 space.
- Regional restrictions: Some countries cannot participate in Launchpool, which may affect initial liquidity.
# Conclusion
WalletConnect (WCT) is not just an ordinary Launchpool project but also an important piece of the Web3 ecosystem, promising long-term value for users and developers. With the opportunity to earn free tokens through Binance Launchpool, this is a great time for BNB holders to participate and leverage the potential of WCT.
Act now:
- Prepare BNB, FDUSD, or USDC before 07:00 on April 11, 2025 (Vietnam time).
- Follow official information from Binance and WalletConnect to avoid scams.
- Review trading strategies after WCT is listed on April 15, 2025.
Don't miss this opportunity to grow your assets in this volatile market! 🚀
