WCT, or WalletConnect Token, is the native token of the WalletConnect protocol. WalletConnect is an open standard for connecting decentralized wallets and DApps, widely adopted throughout the Web3 ecosystem. As the ecosystem’s governance token, WCT will serve crucial functions in protocol governance, rewards distribution, and fee rebates going forward.
WCT Airdrop Season 1 launched in late 2024 and ended on January 3, 2025, targeting users who engaged with the WalletConnect protocol. The project team analyzed on-chain data, including user activity, connection frequency, and transaction history. They conducted a snapshot and distributed tokens based on a points-based rewards system.
The event’s key highlights included:
You do not need to enter your private key at any stage; only wallet signatures are required. The entire process is streamlined and intuitive, providing a smooth user experience.
According to available data, the first round of the WCT Airdrop attracted over 350,000 eligible addresses, with more than 100 million tokens distributed. Community response was enthusiastic. Many users indicated they intend to hold WCT long-term and support WalletConnect’s future development.
However, some users reported challenges such as:
Image: https://www.gate.com/trade/WCT_USDT
WCT is now available for spot trading on Gate.io. Users can access the trading page via the link above.