$WCT
WalletConnect Token (WCT): Powering a Decentralized Web3 Network
WalletConnect, founded in 2018 by Pedro Gomes, is the flagship open‑source protocol enabling seamless and secure connections between wallets and decentralized applications (dApps). With over 150 million connections across 600+ wallets and 40,000+ dApps, the protocol has become a central pillar of Web3 .
In late 2024, WalletConnect introduced its native token, WCT, staking on the Optimism Layer‑2 network. The 1 billion-token fixed supply supports governance, staking, and rewards. Initial distribution allocated 27% to the Foundation, 18.5% to airdrops, 18.5% to the team, plus portions for rewards and early backers . Early lockup and non-transferability ensured focus on ecosystem growth before full market launch in April 2025 .
WCT empowers network participants: node operators stake large balances (≥100k WCT), securing behavior with performance-based rewards; holders vote on protocol parameters; developers and wallet teams earn tokens for contributions . Future on-chain fees may be governed by proposals to further sustain the network .
Listing on major exchanges (Binance, OKX, CoinSwitch, Mobee) and backing from ConsenSys, Ledger, and Nansen, along with $100M+ staked early on, show strong momentum .
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WCT is shaping a more decentralized, community-led Web3 experience.