WalletConnect: The Connectivity Network of the Future for Onchain Experience
WalletConnect is a connectivity network shaping the future of on-chain user experience (UX). The on-chain world continues to grow with innovation and potential as the foundation of the next generation of the internet. However, from the beginning, this world has had one major issue: although it is intended for many, the systems have been built for just a handful of parties.
WalletConnect has emerged as a solution. Since 2018, WalletConnect has been a key bridge in the Web3 ecosystem, connecting wallets and applications so users can connect to the on-chain economy in a simple and secure way. Currently, WalletConnect supports over 275 million connections from 45 million users worldwide, with more than 20 million active connections each month from over 5 million users.
However, WalletConnect's journey does not stop there. The network is now evolving into a permissionless open ecosystem, supported by a global community and a new utility token, WalletConnect Token (WCT). With support from renowned node operators such as Consensys, Reown, Ledger, Kiln, Figment, Everstake, Arc, and Nansen, this network is now more secure, scalable, and decentralized.
Community Role and Token Launch
The community is an important part of the WalletConnect ecosystem. Therefore, the early launch of WCT through the Token Community Round offers the community a chance to acquire this token at a fair valuation, in line with previous private funding rounds, and without a lock-up period.
Key Highlights
Changing the Way We Connect in the Onchain World: WalletConnect is an open-source network that has connected over 275 million secure connections for more than 45 million users, bridging over 61,000 applications with 600+ wallets across various blockchains.
Defining the Future of Web3 UX: WalletConnect plays a crucial role as the primary bridge between applications and wallets, as well as being a key driver in the development of standards and UX improvements in the industry.
Utility-Based Token: WCT is at the core of the WalletConnect network, supporting payment functions, staking, governance, and an incentive system that benefits users and developers.
Supported by Global Players: This network is powered by 16 prominent node operators that guarantee the resilience, scalability, and decentralization of the network.
Token Distribution (Tokenomics)
The total initial supply of WCT is set at 1 billion tokens, with allocations as follows:
WalletConnect Foundation (27%): For partnerships, grants, ecosystem development, and operations
Airdrops (18.5%): Seasonal distribution to users, applications, wallets, nodes, etc.
Team (18.5%): For team members
Reward (17.5%): For staking and performance incentives
Early Supporters (11.5%): For parties that supported from the early stages
Core Development (7%): For protocol development and related modules
WCT Token Functions
WCT is the key to the WalletConnect ecosystem with four main functions:
Payments (Fees): Used to pay for network services. Initially without fees, but may change through community governance mechanisms.
Reward: 17.5% of the initial supply will be given as incentives for network participants such as wallet providers and node operators.
Staking: WCT holders can stake to support network stability and receive rewards, with larger incentives for long-term commitment.
Governance: Token holders can participate in important decision-making such as fee structures and reward distributions.
With this community-based approach, the WalletConnect network can continue to evolve according to the needs and aspirations of its users.
Finally, how to get WalletConnect on Binance Launchpool?
Step 1:
To start earning WalletConnect (WCT) tokens, you need to set up and verify your Binance account. ONLY verified Binance accounts can proceed to the next step.
Step 2:
To participate in the WalletConnect (WCT) Launchpool, users need to lock their tokens $BNB , $USDC and $FDUSD on Binance Launchpool.