#WalletConnect WalletConnect is an open-source protocol that enables decentralized applications to connect with mobile wallets using end-to-end encryption. It allows users to interact with Web3 platforms without exposing their private keys.
To evolve into a decentralized, user-owned infrastructure, WalletConnect launched its native token, WalletConnect Token (WCT). WCT serves as both a utility and governance token in the ecosystem, designed to reward participation, secure the protocol, and empower community decision-making.
WCT tokenomics revolve around four main areas:
1. Staking: Users can stake WCT to secure the network and earn rewards. Longer staking periods enhance voting power and increase returns.
2. Rewards: A portion of the tokens is allocated as incentives for node operators, wallet providers, and developers.
3. Governance: Holders can vote on key decisions, such as protocol updates and fee structures.
4. Fees: WCT may be used for service fees within the ecosystem, supporting long-term sustainability.
The total supply of WCT is capped at 1 billion tokens. Distribution includes 30 percent for team and backers, 27 percent for the WalletConnect Foundation, 18.5 percent for community airdrops, 17.5 percent for rewards, and 7 percent for core development efforts.
On April 15, 2025, WCT became fully transferable, representing a key milestone in WalletConnect’s decentralization strategy. Token holders can now freely transfer, stake, and participate in network governance.
WCT plays a crucial role in building a decentralized future for Web3 connectivity and infrastructure.