🔗 1. What is WalletConnect?
WalletConnect is an open-source protocol that creates a secure bridge between wallets and decentralized applications (dApps) without disclosing private keys, using QR codes or deep links.
Supports cross-chain: Ethereum, Solana, Cosmos, Bitcoin, etc. with over 600 wallets and 40,000 integrated dApps, achieving over 240 million connections and 38 million users.
Main components: Service Node, Gateway Node, Relay to transmit encrypted data from wallets to dapps.
🪙 2. What is the WCT token?
WCT is the native token of WalletConnect, issued on Optimism (ERC-20), with a total supply of 1 billion WCT, unlocking the ability for free transfers from April 15, 2025.
Total supply allocation:
Foundation: 27%, Airdrop: 18.5%, Team: 18.5%, Rewards: 17.5%, Backers: 11.5%, Core Dev: 7%.
⚙️ 3. Uses of WCT
Staking: Users/stakers lock WCT to support the network, receiving weekly rewards based on "stake weight" (number of tokens × lock time).
Governance: Holders have the right to vote on proposals such as service fees, system upgrades.
Rewards: Former node operators and wallets are rewarded based on performance such as uptime, latency...
Network fees: Expected to be applied for payment of relay/message fees when approved by the community.
Development status & direction
Token & staking opened: staking from November 26, 2024, rewards starting December 19, 2024.
docs.walletconnect.network.
Official transferability from April 15, 2025, after satisfying 5 conditions (node, staking >100M, audited, v.
