ksn-yellow-fig
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$WCT I asked Open AI chatGPT to analyze WCT, and his answer is as follows;
Project Overview
WalletConnect is a universal protocol that allows users to securely connect their cryptocurrency wallets to dApps by scanning a QR code or deep link. The protocol supports multiple blockchain ecosystems, including Ethereum, Solana, Cosmos, etc., and has been integrated by over 40,000 applications and more than 600 wallets, with over 150 million connections.
Token Information (WCT)
• Token Name: WalletConnect Token (WCT)
• Total Supply: 1,000,000,000 tokens
• Main Uses:
• Staking: Users can stake WCT to earn rewards and participate in network security.
• Fee Payment: Used to pay for network service fees, such as relayer usage, etc.
• Governance: Holders can participate in proposals and voting to decide the direction of network development.
• Reward Mechanism: Incentivizes node operators and users to participate in network maintenance.
Token Economic Model
The distribution of WCT is as follows:
• Core Development: 7% (locked for 1 year, unlocked over 4 years)
• Rewards: 17.5% (used for staking and performance rewards)
• Airdrop: 18.5% (used for seasonal airdrops to users, applications, wallets, nodes, etc.)
• WalletConnect Foundation: 27% (used for partnerships, funding, ecosystem development, and operations)
Investment Institutional Support
WalletConnect raised multiple rounds of financing in 2022, with investment institutions including:
• Coinbase Ventures
• Uniswap Labs
• Polygon Ventures
• HashKey Capital
The total amount of financing reached 24.75 million USD.
Community and Ecosystem
• Social Media: Twitter follower count is approximately 192,000, with high community activity.
• Ecosystem Cooperation: Established partnerships with multiple mainstream wallets and dApps, enhancing the practicality and scalability of the network.
Investment Advice
WalletConnect (WCT), as a bridge connecting wallets and dApps, is significant in enhancing the blockchain user experience. Considering its extensive ecosystem support, clear token economic model, and strong investment institutional background, WCT has certain investment potential. However, investors should be aware of market risks and it is recommended to conduct thorough research and risk assessment before making decisions.
Project Overview
WalletConnect is a universal protocol that allows users to securely connect their cryptocurrency wallets to dApps by scanning a QR code or deep link. The protocol supports multiple blockchain ecosystems, including Ethereum, Solana, Cosmos, etc., and has been integrated by over 40,000 applications and more than 600 wallets, with over 150 million connections.
Token Information (WCT)
• Token Name: WalletConnect Token (WCT)
• Total Supply: 1,000,000,000 tokens
• Main Uses:
• Staking: Users can stake WCT to earn rewards and participate in network security.
• Fee Payment: Used to pay for network service fees, such as relayer usage, etc.
• Governance: Holders can participate in proposals and voting to decide the direction of network development.
• Reward Mechanism: Incentivizes node operators and users to participate in network maintenance.
Token Economic Model
The distribution of WCT is as follows:
• Core Development: 7% (locked for 1 year, unlocked over 4 years)
• Rewards: 17.5% (used for staking and performance rewards)
• Airdrop: 18.5% (used for seasonal airdrops to users, applications, wallets, nodes, etc.)
• WalletConnect Foundation: 27% (used for partnerships, funding, ecosystem development, and operations)
Investment Institutional Support
WalletConnect raised multiple rounds of financing in 2022, with investment institutions including:
• Coinbase Ventures
• Uniswap Labs
• Polygon Ventures
• HashKey Capital
The total amount of financing reached 24.75 million USD.
Community and Ecosystem
• Social Media: Twitter follower count is approximately 192,000, with high community activity.
• Ecosystem Cooperation: Established partnerships with multiple mainstream wallets and dApps, enhancing the practicality and scalability of the network.
Investment Advice
WalletConnect (WCT), as a bridge connecting wallets and dApps, is significant in enhancing the blockchain user experience. Considering its extensive ecosystem support, clear token economic model, and strong investment institutional background, WCT has certain investment potential. However, investors should be aware of market risks and it is recommended to conduct thorough research and risk assessment before making decisions.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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