$WCT #WalletConnect @WalletConnect
WCT token is the native token of the WalletConnect network. Here is a detailed introduction to the WCT token:
- Basic Information: The initial total supply of WCT is 1 billion, and it will launch on April 15, 2025. It is released on the OP mainnet based on Optimism, providing the security of Ethereum and the speed of the OP mainnet.
- Token Distribution: The WalletConnect Foundation reserves 27% for partnerships, reward programs, infrastructure subsidies, and network operations; 18.5% is allocated for airdrop programs; team members receive 18.5%, with a four-year linear unlock schedule, with the first year locked; 17.5% is for node and user rewards; early supporters hold 11.5%, with a 1-year lock and a 4-year unlock period; 7% is allocated for development funds to support protocol and SDK upgrades.
- Main Functions: WCT holders can vote on network parameters, fee structures, node settings, and future proposals to promote community governance. Users can stake WCT to earn rewards, and they can increase their weight based on the staking duration. In the future, payment transfer fees may be paid by application side, and WCT could become a payment medium. Additionally, WCT is also used to reward node operators, wallet developers, and SDK contributors, supporting overall network efficiency.
- Project Advantages: The WalletConnect network is a chain-agnostic, high-performance decentralized connection protocol that utilizes an innovative architecture to achieve globally distributed operations of the relay database while supporting end-to-end encrypted message transmission. It can connect over 30 million wallets and dApp users, providing over 180 million connections.
