What is WalletConnect? The technical details behind a Binance TGE authorization
Recently participated in Binance's TGE, and found that every time I pre-authorized on BSCScan, a QR code scanning interface would pop up. Using Binance's keyless wallet to scan, the signature was completed in seconds without the need to export the private key, providing a very smooth experience. This made me curious about what WalletConnect is, and I discovered that it is not a wallet, but an open-source protocol used to connect wallets and DApps. It is not a wallet, but a 'bridge'. WalletConnect itself does not store assets or generate accounts; its role is to establish an encrypted communication channel between wallets and DApps. Users can connect by scanning a QR code or clicking a link, without needing to install a plugin or expose their private keys.
1. @codatta_io Seed round financing of 2.5 million USD, undisclosed valuation. Based on an industry 10%-20% equity stake, the estimated valuation range is approximately 12.5 million to 25 million USD. 2. If the TGE is fully filled, you can receive 11,000 tokens, assuming a Pre-TGE return of about 50-60 USD, assuming each token is approximately 0.005 USD.
The task reward structure is shown in the image.
Total for completing all tasks: Up to 1,550 tokens ≈ 7.75 USD
Tasks mainly involve uploading food images and labeling them, with low time cost and low barriers. However, the biggest reward comes from lottery distribution, which has a high level of uncertainty; if you don’t win the lottery, the actual earnings will be significantly reduced.
Conclusion: Although the earnings are not high, it is simple and cost-free, suitable for easy participation; however, if your time and energy are limited or you are not interested in lottery-based distribution, you can weigh whether to participate based on your situation.