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🧩 What is WCT?
Native utility token launched on Optimism for the WalletConnect Network .
Total supply: 1 billion WCT .
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📊 Tokenomics & Allocation
Allocation Percentage Notes
Foundation (grants/partnerships) 27% 270 M WCT
Airdrops to users/developers 18.5% 185 M WCT
Team compensation 18.5% 185 M WCT
Staking & rewards 17.5% 175 M WCT
Backers 11.5% 115 M WCT
Core development 7% 70 M WCT
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🔧 Core Utilities
1. Governance – Token holders vote on network proposals as the platform gradually shifts to DAO-style governance .
2. Staking & Rewards – Users can stake WCT (lock-up 1 week–2 years) to earn rewards; 17.5% of supply allocated for incentives .
3. Future Fees – Enables introduction of fee models (e.g. Monthly Active User basis) via token .
4. Airdrops – Distribution underway for early adopters, including those on Ethereum and Solana (e.g., Jupiter stakers received Solana airdrop eligibility) .
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🔄 Transferability & Launch Status
Initially non‑transferable to ensure token use aligned with ecosystem goals .
Became transferable in mid‑April 2025, after reaching key milestones (16 node operators, 100M WCT staked) .
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🌍 Network Adoption & Scope
Powers the WalletConnect Network, used in 600+ wallets and 40,000+ apps, with 38 million unique wallets and 274 million+ connections .
Expanded to Solana via Wormhole, with an additional 5 M WCT airdrop tied to Jupiter, Phantom, Backpack, Solflare wallets .
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💱 Price & Market Activity
Current price ~$0.31 USD; 24h trading volume ~$55M–$60M; market cap ~$58M (circulating supply ~186–190M WCT) .
Ranked ~#460–#630 across major trackers .
Recent price fluctuations: hit all-time high ~$1.34 on May 31, 2025; saw a dip to ~$0.28 mid-April .
Major catalysts: Binance integration, Ethereum mainnet launch, Solana expansion, airdrop announcements .
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📈 Outlook & Forecasts
Predictive models suggest possible drop to ~$0.23 by late July 2025, with longer-term potential upside into 2026–2029 .
Short-term sentiment remains mixed, technical analysis leaning slightly bearish .
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✅ Summary
WCT is central to decentralizing and incentivizing WalletConnect’s network, with governance, staking, rewards, and potential fee integration driving its utility. Strong ecosystem momentum (multi-chain integration, app adoption, airdrops) supports its growth, though price remains volatile in this early phase.
