Overview of the WCT project for those who need it 💥
WalletConnect (WCT) is a platform shaping the user experience (UX) in Web3. WalletConnect supports a variety of applications from DeFi, NFT to staking. WalletConnect has the ability to connect wallets, dApps, and blockchains seamlessly.
Launched in 2018, WalletConnect has made its mark with 275 million connections, serving 45 million users globally. Each month, the network processes 20 million connections for 5 million users, linking 61,000 applications with 600 wallets across all blockchains.
The project is present on major platforms like MetaMask, Trust Wallet, Binance, Polymarket, Jupiter, becoming the gold standard for Web3 connectivity.
WCT has four functions:
- Service fee: Payment based on MAU model
- Reward: 17.5% of total supply incentivizing performance
- Staking: Earn rewards from the common fund
- Governance: The community votes on fees and rewards
Tokens for Launchpool: 400 million WCT (4% of total supply)
• BNB Pool: 34 million WCT (85%)
• FDUSD Pool: 2 million WCT (5%)
• USDC Pool: 4 million WCT (10%)
