WalletConnect has launched its native token, Connect Token ($WCT ), on the Optimism OP Mainnet, marking a significant milestone in Web3 communication. This initiative aims to decentralize the WalletConnect protocol and enhance user engagement within the Web3 ecosystem.
---
🚀 Key Highlights
Token Launch: WCT was officially launched on the Optimism OP Mainnet, introducing a native token to the WalletConnect ecosystem.
Airdrop Season 1: A total of 185 million $WCT tokens are allocated for the first airdrop season, constituting 18.5% of the total supply. Eligibility is based on user interactions with WalletConnect and contributions to open-source projects.
Non-Transferable Phase: Initially, WCT tokens are non-transferable and are intended for governance and staking purposes. Full functionality is expected to be activated in 2025.
Rebranding to Reown: WalletConnect has rebranded to Reown, emphasizing a user-centric approach to on-chain experiences.
---
📈 Market Presence
While WCT is not currently listed on Binance for trading, it is available on KuCoin's pre-market platform, allowing users to strategize before the official market opens.
🛡️ Security and Compliance
The WalletConnect Foundation oversees the protocol, ensuring a secure and decentralized infrastructure. The foundation's governance model aims to empower the community and maintain compliance within the evolving regulatory landscape. $ETH
---
🔮 Future Outlook
The introduction of WCT signifies a step towards a more decentralized and user-governed Web3 environment. As the token's functionalities expand, it is poised to play a pivotal role in shaping the future of decentralized applications and user interactions.
For more information and updates, visit the WalletConnect Foundation.
