The WalletConnect Token (WCT) is the native utility token of the WalletConnect Network, an open-source, decentralized protocol launched in 2018 that facilitates secure connections between cryptocurrency wallets and decentralized applications (DApps) across over 300 blockchains, including Ethereum, Solana, and BNB Chain. With over 275 million connections and 45 million users, WalletConnect is a cornerstone of Web3 infrastructure, ensuring seamless, encrypted interactions via QR codes or deep links.Key Features of WCT:Governance: WCT holders can vote on network proposals, such as fee structures or protocol upgrades, fostering community-driven decentralization. Governance will transition to a DAO model, with token holders approving budgets and council elections.Staking: Users and service node operators can stake WCT to secure the network, earning weekly rewards based on stake weight (amount and lock-up duration, from one week to two years). Staking enhances network stability and incentivizes long-term participation.Rewards: 17.5% of the 1 billion total supply is allocated to reward contributors, including wallets and nodes, based on performance metrics like uptime. Rewards drive ecosystem engagement and efficiency.Fees: Initially, the network charges no fees, but a Monthly Active User (MAU) fee model may be introduced via governance to sustain operations. Fees, paid in WCT, will support node operators and network services.Tokenomics:Total Supply: 1 billion WCT, minted on Optimism’s OP Mainnet for Ethereum security and scalability.Allocations:WalletConnect Foundation: 27% (partnerships, grants)Airdrops: 18.5% (e.g., 50 million tokens in Season 1)Team: 18.5% (4-year vesting, 1-year cliff)Incentives: 17.5% (network participants)Early Backers: 11.5%CD 7%Non-Inflationary: No token inflation is planned for the first 3-4 years, relying on existing allocations and potential fees.Utility and Airdrops:WCT was non-transferable at launch in September 2024 to stabilize the ecosystem but became fully transferable on April 15, 2025. Airdrops, like the 185 million
