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Your opportunity to obtain WCT tokens through staking
WalletConnect (WCT) is the 67th project in the Launchpool of a major exchange platform. The leading protocol for connecting cryptocurrency wallets with dApps is launching its governance token WCT — and you can obtain it through staking right now! Before diving deeper, let's learn what WalletConnect is.
🔷 Founded in 2018, WalletConnect solves important user experience issues by enabling secure and encrypted connections between wallets and applications across all blockchains. With the new Token WCT, the project enters a new era of decentralized governance, staking rewards, and network participation.
What is the WCT token?
WCT is the native governance and utility token of the WalletConnect Network. It powers the ecosystem through:
🔹 Commissions: Token holders will be able to vote on the enabling of commissions for services such as the use of relays.
🔹 Rewards: 17.5% of the supply is allocated for staking and incentives for users.
🔹 Staking: Earn rewards by locking your WCT tokens to support the network.
🔹 Governance: Vote on key decisions and participate in the future development of WalletConnect.
Future use cases
The WCT token is designed to drive multiple functionalities within the ecosystem:
• Payment of network fees
• Rewards for enhancing the user experience
• Voting on seasonal incentives for wallets
• Early access to beta testing programs
• Staking to participate in the certification of applications
WCT Tokenomics
Total supply: 1,000,000,000 WCT
Initial circulating supply: 186,200,000 WCT (18.62%)
The strategic distribution ensures a balance between immediate incentives and the long-term sustainability of the WalletConnect ecosystem.
How to participate in WCT staking
The process to obtain WCT tokens is simple:
Access the Launchpool section on the main exchange platform
Stake BNB, FDUSD or USDC
Start earning WCT tokens passively
Participate now to maximize your rewards while contributing to the growth of the WalletConnect ecosystem, an essential infrastructure in the Web3 space that connects over 100 wallets with thousands of decentralized applications.