Coin overview
WCT
In progress0.307+5.86%
Last price (USDT)
175.22K
24h total (USDT)
1.24M
Total vol (USDT)
2025-02-19 03:00:00 ~ Pending
Trading time (UTC+0)
Pending
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
The WalletConnect Network is the connectivity network shaping the future of onchain UX. The onchain world is bursting with innovation and promise for the next version of the internet, yet, it’s faced one major problem since its inception: it was designed for the many, but built for the few. Enter WalletConnect. Since 2018, WalletConnect has been the cornerstone of connectivity in web3, providing a bridge between wallets and apps to give users simple and secure ways to connect to the onchain economy. It is the core connectivity layer for over 220 million connections spanning more than 35 million users across the globe, and today, facilitates over 20 million monthly connections for more than 5 million monthly users. But the journey doesn’t stop there. The WalletConnect Network is evolving into a permissionless ecosystem powered by the WalletConnect Token (WCT) and its 35-million-strong community. Supported by leading global node operators such as Consensys, Reown, Ledger, Kiln, Figment, Everstake, Arc, and Nansen, the network is becoming more secure, scalable, and decentralized than ever before. With WCT at the heart of the network, WalletConnect is introducing a robust, community-led infrastructure designed to decentralize connectivity and revolutionize onchain UX. The WalletConnect community plays a critical role in the WalletConnect ecosystem, and it’s imperative they’re involved in every step of the mission. That’s why the Bitget LaunchX is an early access invitation to the WalletConnect community for WCT at a fair valuation in line with recent private offerings.
Bitget pre-market trading: WalletConnect Token (WCT) is set to launch soon
We're thrilled to announce that Bitget will launch WalletConnect Token (WCT) in pre-market trading. Users can trade WCT in advance, before it becomes available for spot trading. Details are as follows: Start time: 19 February, 2025, 03:00 (UTC) End time: TBD Spot Trading time: TBD Delivery Start time: TBD Delivery End time: TBD Pre-market trading link: WCT/USDT Bitget Pre-Market Introduction Delivery method: Coin settlement, USDT settlement Coin settlement Starting from the project's delivery start time, the system will periodically execute multiple deliveries for orders under the Coin Settlement mode. Sell orders with sufficient spot balances will be filled with corresponding buy orders. If there are insufficient project tokens or if sellers voluntarily choose to default, compensation with security deposits will not be triggered immediately. At the project's delivery end time, the system will either deliver or compensate any remaining undelivered orders. USDT settlement For orders under the USDT Settlement mode, all delivery will be executed at the delivery end time of the project. The delivery time for the pre-market project will be announced once the coin's spot listing time is confirmed. Stay tuned to relevant notifications and announcements for the latest information. Example: The user buys 10 tokens at 10 USDT (the filled order is called Order A) and sells 10 tokens at 15 USDT (the filled order is called Order B). At delivery time, the system calculates the delivery execution price based on the average index price from the last minute. Assuming the execution price is 5 USDT, the calculations are as follows: PnL of Order A = (5 – 10) × 10 = –50 USDT PnL of Order B = (15 – 5) × 10 = 100 USDT The total PnL for the user in pre-market trading is 50 USDT. For USDT settlement, orders are settled at the average index price from the last ten minutes as the delivery execution price, determined by a weighted average of prices at leading exchanges to ensure fairness and transparency. Introduction The WalletConnect Network is the connectivity network shaping the future of onchain UX. The onchain world is bursting with innovation and promise for the next version of the internet, yet, it’s faced one major problem since its inception: it was designed for the many, but built for the few. Enter WalletConnect. Since 2018, WalletConnect has been the cornerstone of connectivity in web3, providing a bridge between wallets and apps to give users simple and secure ways to connect to the onchain economy. It is the core connectivity layer for over 220 million connections spanning more than 35 million users across the globe, and today, facilitates over 20 million monthly connections for more than 5 million monthly users. But the journey doesn’t stop there. The WalletConnect Network is evolving into a permissionless ecosystem powered by the WalletConnect Token (WCT) and its 35-million-strong community. Supported by leading global node operators such as Consensys, Reown, Ledger, Kiln, Figment, Everstake, Arc, and Nansen, the network is becoming more secure, scalable, and decentralized than ever before. With WCT at the heart of the network, WalletConnect is introducing a robust, community-led infrastructure designed to decentralize connectivity and revolutionize onchain UX. The WalletConnect community plays a critical role in the WalletConnect ecosystem, and it’s imperative they’re involved in every step of the mission. That’s why the Bitget LaunchX is an early access invitation to the WalletConnect community for WCT at a fair valuation in line with recent private offerings. WCT Total supply: 1,000,000,000 Website | X | Telegram FAQ What is pre-market trading? Bitget pre-market trade is an over-the-counter trading platform specializing in providing a pre-traded marketplace for new coins before their official listing. It facilitates peer-to-peer trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. What are the advantages of Bitget pre-market trading? Investors often have expectations regarding the price of a new coin before spot trading becomes available. However, they may be unable to purchase the coin at their preferred price and secure liquidity in advance due to lack of access. In response to this, Bitget pre-market trading offers an over-the-counter (OTC) platform where buyers and sellers can establish orders in advance to execute trades as desired and complete delivery later. In this scenario, sellers are not required to own any new coins; instead, they only need to obtain sufficient new coins for delivery before the designated delivery time. How are pre-market trades deliveries completed? Coin Settlement orders: Sellers can choose to either deliver the tokens or compensate with security deposit before the delivery execution. Starting from the project's delivery start time, the system will periodically execute multiple deliveries for orders under the Coin Settlement mode. Sell orders with sufficient coin balances will be filled with the corresponding buy orders. If there are insufficient project tokens or if sellers voluntarily choose to default, compensation with security deposits will not be trigger immediately.At the delivery end time of the project, the system will settle all remaining orders, either through buy delivery or compensation. If there is a sufficient balance, the corresponding quantity of tokens will be transferred to the buyer's spot account, and the buyer's frozen funds will be transferred to the seller's spot account as payment. Otherwise, the transaction will be canceled. In this case, the system will unfreeze the buyer's funds and compensate the buyer with the seller's frozen security deposit. USDT Settlement orders: All deliveries will be executed at the project's delivery end time. Orders are settled at the average index price over the last ten minutes, which serves as the delivery execution price. Profits and losses are calculated based on the difference between the execution price and the delivery execution price. The losing party will pay the difference to the winning party. Note: 1) The system will execute deliveries in chronological order based on the transaction time of the orders. If you have both buy and sell orders in Coin Settlement mode, the quantities cannot offset each other. Please ensure that your spot account has a sufficient available balance for the sell orders at the time of delivery. Orders with insufficient balance will be treated as the seller's default. 2) For coin settlement orders, only tokens available in your spot account will be used for delivery. Tokens frozen in pending orders or held in other accounts will not be used for delivery. 3) The delivery is expected to be completed within one hour. To mitigate the risk of delivery failure due to insufficient funds, the seller of coin settlement orders should refrain from any transactions involving the delivery currency within 30 minutes after the delivery initiation. How can I make a pre-market trade as a seller? As a seller, you are required to use the USDT in your spot account to pay the margin. You can list your new tokens on the order market at your preferred price via Post Order, or you can find a suitable buy order on the order market and sell it to the buyer at the buyer's asking price. Once the order is filled, you just need to wait for the delivery. How can I make a pre-market trade as a buyer? As a buyer, you are required to use USDT from your spot account to pay for the trade. Using the Place Order function, set the quantity of coins you want to buy at your preferred price and list the maker order in the order market. Bitget will then lock the funds for the purchase and handle any related fees. Alternatively, you can directly select a sell order from the marketplace and buy the coins at the seller's designated price. Once the order is filled, simply await delivery. Do I have to fill the entire maker sell/buy order at once in pre-market trading? No, the platform allows you to trade any quantity of coins as long as it meets the minimum transaction limit. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
WalletConnect Token (WCT) Launch Sale on Bitget LaunchX
Bitget is pleased to announce the listing of WalletConnect (WCT) on LaunchX. Bitget LaunchX is our innovative token distribution platform designed for the Web3 community. It enables users to discover promising projects early and gain access to project tokens during their initial stages. Go to LaunchX Project overview The WalletConnect Network is the connectivity network shaping the future of onchain UX. The onchain world is bursting with innovation and promise for the next version of the internet, yet, it’s faced one major problem since its inception: it was designed for the many, but built for the few. Enter WalletConnect. Since 2018, WalletConnect has been the cornerstone of connectivity in web3, providing a bridge between wallets and apps to give users simple and secure ways to connect to the onchain economy. It is the core connectivity layer for over 220 million connections spanning more than 35 million users across the globe, and today, facilitates over 20 million monthly connections for more than 5 million monthly users. But the journey doesn’t stop there. The WalletConnect Network is evolving into a permissionless ecosystem powered by the WalletConnect Token (WCT) and its 35-million-strong community. Supported by leading global node operators such as Consensys, Reown, Ledger, Kiln, Figment, Everstake, Arc, and Nansen, the network is becoming more secure, scalable, and decentralized than ever before. With WCT at the heart of the network, WalletConnect is introducing a robust, community-led infrastructure designed to decentralize connectivity and revolutionize onchain UX. The WalletConnect community plays a critical role in the WalletConnect ecosystem, and it’s imperative they’re involved in every step of the mission. That’s why the Bitget LaunchX is an early access invitation to the WalletConnect community for WCT at a fair valuation in line with recent private offerings. LaunchX details: Coin name: WalletConnect (WCT) Total supply: 1,000,000,000 WCT LaunchX volume: 20,000,000 WCT (2% of total supply) Fundraising target: $4,000,000 Subscription price: 1 WCT = $0.2 Commitment coin: USDT Individual max commit (USDT): 10,000 Individual min commit (USDT): 100 Subscription hard cap (WCT): 50,000 How does LaunchX work? 1. LaunchX adopts a commitment–subscription model. The more you commit, the more you can subscribe! 2. Bitget LaunchX participants can calculate their allocation using the following formula: allocation = (individual commitment ÷ total committed amount of all users) × total sale amount in the current LaunchX promotion. 3. Individual commitment cannot exceed the individual max commitment, and individual allocation cannot exceed the subscription hard cap. LaunchX timelines: Phase Date and time Subscription phase February 17, 10:00 AM – February 19, 10:00 AM (UTC+8) WCT distribution phase February 19, 10:00 AM – February 19, 6:00 PM (UTC+8) WCT/USDT spot trading launch time Pending confirmation. Further details will be announced later. Reference: Bitget LaunchX: A tailor-made early token distribution for users and projects Links: Website: https://walletconnect.network Whitepaper: https://whitepaper.walletconnect.network/WalletConnect%20Whitepaper.pdf X: https://x.com/walletconnect Telegram: https://t.me/walletconnect Terms and conditions 1. Users must complete identity verification to participate in the promotion. 2. All participants must strictly comply with Bitget's terms and conditions. 3. Sub-accounts, institutional accounts, and market maker accounts are not eligible for the promotion. 4. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their incentives if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim incentives), or other violations are found. 5. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion. 6. Bitget reserves the right of final interpretation of the promotion. If you have any questions, please contact customer service. Disclaimer Cryptocurrencies are subject to high market risk and volatility, despite their high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion. Thank you for supporting Bitget. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Budget Now >>> Follow us on Twitter >>> Join our Community >>>
The Daily: US appeals court rules OFAC exceeded its authority in Tornado Cash sanctions, WalletConnect launches its first airdrop season and more
Happy Wednesday! In today’s newsletter, a U.S. appeals court rules that the Treasury exceeded its authority in sanctioning Tornado Cash, WalletConnect launches its first airdrop season, a Brazilian lawmaker introduces a bill to establish a national bitcoin reserve and more. Meanwhile, visionary or 'financial comedy'? Market participants weigh MicroStrategy's stock premium amid its bitcoin buying spree. Plus, Tether’s commodities liquidity pool could hit $5 billion by 2026, according to CEO Paolo Ardoino. Let’s get started. US appeals court says Treasury 'overstepped' authority in Tornado Cash sanctions The Fifth Circuit Court of Appeals ruled on Tuesday that the Treasury Department’s Office of Foreign Assets Control (OFAC) ”overstepped its authority” by sanctioning crypto mixer Tornado Cash , reversing a lower district court decision. The court agreed with the Plaintiffs’ argument that Tornado Cash is software and declared its immutable smart contracts are not the "property" of a foreign national or entity — meaning they cannot be blocked under the International Emergency Economic Powers Act. The ruling also rejected OFAC’s broader definition of “any property” as its smart contracts are neither ownable nor traditional contracts or services. OFAC designated Tornado Cash as a sanctioned entity in August 2022, barring people in the U.S. and firms looking to operate in the U.S. from engaging in financial interactions with it, linking the platform to North Korea’s nuclear weapons program. The ruling comes after Tornado Cash user Joseph Van Loon and five other plaintiffs sued the Treasury, Secretary Janet Yellen, OFAC and OFAC Director Andrea Gacki the same year. The decision led to an 870% surge in Tornado Cash's governance token, TORN, from around $3.60 to a high of nearly $35, though it later stabilized between $16 and $20, according to CoinGecko data. WalletConnect launches first airdrop season with 50 million tokens allocated to community members WalletConnect has launched its first airdrop season and eligibility checker, allocating 50 million of the total supply of 1 billion WCT tokens to over 160,000 users, including builders and contributors. The tokens are initially non-transferable, but users can stake them for periods ranging from one week to two years to participate in the network’s governance, with staking rewards starting on Dec. 19. Eligibility for the airdrop required users to create a profile, connect a wallet through the WalletConnect network, and engage in network activities before a specified cutoff date last month. WalletConnect claims it implemented a scoring system based on network usage, onchain activities and contributions to ensure fair token distribution. Brazilian lawmaker proposes national bitcoin reserve to hedge economic risks A Brazilian lawmaker has introduced a bill to create the Strategic Sovereign Bitcoin Reserve , allocating up to 5% of the nation’s $372 billion financial assets to the cryptocurrency via a phased acquisition strategy. The proposal aims to enhance Brazil's economic resilience against currency fluctuations and geopolitical uncertainties. The bill also cited El Salvador's bitcoin adoption as legal tender and the approval of spot Bitcoin ETFs in the U.S. as examples of innovative national strategies. Presto analysts Peter Chung and Min Jung compared Brazil's proposal to the similar Bitcoin Act 2024 that U.S. Sen. Cynthia Lummis introduced in July. “The nation-state race for a bitcoin ‘landgrab’ has begun,” the analysts said. “Brazil is unlikely to be the last nation heading in this direction.” Flashbots unveils BuilderNet to combat centralization in Ethereum’s block-building Blockchain research and infrastructure provider Flashbots has launched BuilderNet , claiming to address Ethereum's block-building centralization. Ethereum block builders compile transaction bundles into blocks and submit them to validators for maximal extractable value, currently dominated by a few operators controlling over 90% of blocks. BuilderNet introduces a collaborative multi-operator system to decentralize block building and enhance Ethereum’s censorship resistance in partnership with block builder Beaverbuild and Ethereum client provider Nethermind. The initiative uses trusted execution environments to ensure security, privacy and equitable distribution of MEV — the maximum potential value that can be extracted from a blockchain transaction, including arbitrage and front-running of user transactions. Tether to end support for EURT stablecoin citing MiCA regulations, falling demand Tether is discontinuing support for its Euro stablecoin, EURT , citing the European Union’s Markets in Crypto-Assets (MiCA) regulations and falling demand. New EURT issuance requests are no longer accepted, and customers holding EURT on all supported blockchains, including Ethereum, Solana and Tron, must redeem their assets by Nov. 27, 2025. The regulations, due to come into full force by the end of this year, impose more stringent requirements on stablecoin issuers, including capital and reserve obligations. In recent months, MiCA-compliant stablecoins like EURS, EURC and EURCV have overtaken EURT for market share, while Tether is shifting its focus to support new ventures, such as Quantoz Payments’ EURQ and USDQ. In the next 24 hours U.S. markets are closed for Thanksgiving on Thursday. Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
WalletConnect has opened WCT airdrop qualification inquiry
WalletConnect, a Web3 communication protocol, announced that the WCT token airdrop eligibility query page is now online.
WalletConnect Airdrop Sparks Mixed Reactions Over Eligibility Rules
WalletConnect officially launched its first-ever token airdrop. The season one airdrop allocates 50 million WalletConnect Tokens (WCT) to over 160,000 eligible users. Recipients can stake their tokens for governance and earn rewards. It marks a significant milestone for the open-source protocol widely used for connecting crypto wallets to decentralized applications (dApps). Eligibility and Distribution Details With the eligibility checker for the airdrop going live, users can confirm their participation. Of the 50 million tokens allocated for this round, 30 million are set aside for users who registered and met specific engagement criteria during the designated period. The remaining 20 million tokens are reserved for notable contributors to the WalletConnect ecosystem, including node operators and early GitHub participants. “Eligibility is now live! Check if you qualify, claim your WCT, and start staking your tokens,” WalletConnect said. Eligibility required users to create a profile, connect a wallet through WalletConnect, and actively engage with the network before last month’s cutoff date. WalletConnect also employed a scoring system based on users’ past network usage, on-chain activities, and contributions to ensure fair distribution. To further incentivize participation, WalletConnect subsidized gas fees, reducing users’ financial burden amidst variable network costs. “To assist with gas costs during the claiming process, WalletConnect provided ETH on Optimism to eligible profiles via the contract address,” the announcement read. Meanwhile, while the distributed tokens are initially non-transferable, recipients can stake them for governance purposes. Staking periods range from one week to two years, with rewards set to begin on December 19. This mechanism encourages long-term engagement within the ecosystem and empowers users to influence WalletConnect’s development through governance proposals. As a protocol, WalletConnect aims to simplify interactions between crypto wallets and dApps. It also allows seamless connections via QR codes or deep links. Mixed Reactions from the Community Airdrop farmers remain euphoric about the free tokens. The announcement drew excitement from some community members, particularly about WalletConnect’s efforts to ease the claiming process without additional costs. “Very impressive! Some folks made us pay for airdrop claims,” one user noted. However, some have criticized the project over eligibility concerns. Specifically, some long-time users question the fairness of the selection criteria, with one expressing frustration. “Will WalletConnect accept appeals? I’ve been using WalletConnect since 2020, but why don’t all wallets meet the requirements? I still remember logging in via Trust Wallet. Why are all the new wallets eligible?” they said. Another user shared a similar sentiment, noting that their airdrop wallet’s seed phrase was created using Trust Wallet back in 2020. They also used Trust Wallet for almost two years but are still ineligible. “My airdrop wallet’s seed phrase was created using Trust Wallet back in 2020. I used Trust Wallet for almost 2 years since I didn’t have a PC back then. The only option to connect Dapps to that wallet was through WalletConnect,” the user lammeneted. Adding to the controversy, some participants reported that they initially received gas fee subsidies during the eligibility period. However, they have now been deemed ineligible. These inconsistencies have left users puzzled about the evaluation process and how to verify their allocations. WalletConnect has not yet addressed the appeals or clarified whether the eligibility criteria will be reassessed for future airdrop seasons. The project’s approach reflects broader challenges within the cryptocurrency space. Determining eligibility for rewards programs often stirs debate about fairness and transparency. Still, WalletConnect may have opportunities to refine its distribution process. This is considering the total of 185 million tokens earmarked for future airdrops from a maximum supply of 1 billion WCT tokens. Responding to community feedback may also strengthen its relationship with its user base and reinforce its commitment to inclusivity.
WalletConnect launches first airdrop season with 50 million tokens allocated to community members
WalletConnect has officially launched the eligibility checker for its first season of the WalletConnect token (WCT) airdrop, enabling previously registered users to actively participate in the network’s governance by staking their tokens. During the first season of the airdrop, 50 million tokens (out of a planned airdrop total of 185 million) have been allocated for distribution to over 160,000 eligible users, including builders, contributors, and users. The max supply of WCT tokens is 1 billion. Out of the total tokens allocated for this season, 30 million were reserved for users who registered and met the engagement criteria during the designated period, while the remaining 20 million were set aside for notable network contributors, including node operators and early GitHub contributors. Although the tokens are initially non-transferable, users can stake them for one week to two years, with staking rewards starting on Dec. 19. Eligibility for the airdrop required users to create a profile, connect a wallet through the WalletConnect network, and engage in network activities before a specified cutoff date last month. To ensure fair distribution, WalletConnect claims to have established a scoring system based on past network usage, on-chain activities, and contributions through platforms such as GitHub. WalletConnect has also taken steps to subsidize gas fees, helping reduce the cost burden on users amid varying network conditions. WalletConnect is an open-source protocol that allows users to connect their crypto wallets to decentralized applications using a QR code or deep link. Once the connection is established, the dApp can request approval for transactions or other actions from the user’s wallet. The main advantage is that it allows mobile users to connect their wallets to dApps on their desktops or other devices, eliminating the need to switch between devices or copy and paste addresses.
Director of WalletConnect Foundation: WCT token claiming and staking will be launched on November 26
On November 11th, Pedro Gomes, director of the WalletConnect Foundation, announced that WCT token claims and staking will go live on November 26th.
WalletConnect: WCT claiming and staking will be launched on November 26
On November 11th, WalletConnect, a Web3 communication protocol, announced on X platform that WCT token application and staking will be launched on November 26th. Previously, in September, WalletConnect launched its native token WCT, with 18.5% being allocated to the first season airdrop.
WalletConnect: The foundation will launch Season 1 WCT airdrop for some early users and contributors
WalletConnect recently announced on X that the WalletConnect Foundation will launch a Season 1 WCT airdrop for some early users and contributors. If users have ever used WalletConnect to connect their mobile wallets to an application (either by scanning a QR code or using the "Connect via WalletConnect" button), they may be eligible for the WCT airdrop. Users need to register before October 18th.
RootData Heat Index Ranking: WalletConnect ranks first, EarthFast has the biggest ranking increase
ChainCatcher news, according to the popularity index ranking data from Web3 asset data platform RootData, as of September 26 at 9:55, the top five projects in the Top 100 popular Web3 projects are: WalletConnect, Initia, Sui, Aleo, Pencils Protocol. In addition, EarthFast has seen the largest rise in rankings, with an overall increase of 855 positions.
WalletConnect: Registration Open for WCT Token Airdrop
Web3 communications protocol WalletConnect has announced that registration is now open for an airdrop of its native token, WCT. As previously reported, WalletConnect will launch its native token, WCT, on Optimism with an initial supply cap of 1 billion WCT tokens, of which 18.5% or 185 million tokens will be allocated for the first season of the airdrop.
WalletConnect Launches WCT Token, Transforming On-Chain Experience
WalletConnect’s new Connect Token (WCT) will drive network growth and decentralization, boosting usability and innovation. WCT will enable fees, rewards, staking, and governance, giving users a stake in shaping the WalletConnect Network’s future. With more than 40K apps and 240% annual growth, WalletConnect’s WCT seeks to improve web3’s usability and encourage additional advancements. WalletConnect has unveiled its native token, Connect Token (WCT). The WalletConnect Network, a cornerstone of on-chain UX, serves over 23 million users. It facilitates millions of connections monthly, supporting a growing ecosystem of decentralized applications. As the network transitions to full decentralization, WCT will play a pivotal role in powering this shift. Introducing Connect Token (WCT), the native token of the WalletConnect Network. The WalletConnect Network is the the onchain UX ecosystem enabling apps and wallets to bring better onchain experiences to 23M+ users. As the network continues to decentralize, WCT will be key in… pic.twitter.com/S6EvvPmKAu — WalletConnect (@WalletConnect) September 17, 2024 Key Functions of Connect Token (WCT) With its 2018 launch, WalletConnect has enabled over 150 million connections. It is remarkable that the network has expanded by 240% in just the past year. Enhancing web3 usability and accessibility is WalletConnect’s primary aim. The network hopes to spur further innovation and decentralization with the launch of WCT. The Connect Token (WCT) is a crucial utility token for the WalletConnect Network. It will enable four key functions: fees, rewards, staking, and governance. Firstly, WCT holders can propose and decide on network fees. These fees will support services such as relay usage. Secondly, tokens will be distributed as rewards to maintain network security and efficiency. Thirdly, users can stake WCT to earn rewards and participate in governance. Lastly, WCT holders will have voting power on network proposals, influencing future developments. Foundation’s Role and Future Prospects The WalletConnect Foundation, alongside key node operators like Reown, Consensys, and Ledger, is integral to supporting the network’s growth . The foundation, established in 2024, is dedicated to fostering a decentralized, permissionless ecosystem. This initiative aims to create a web3 environment designed for choice, control, and ownership. Read CRYPTONEWSLAND on google news Pedro Gomes, Director of the WalletConnect Foundation , highlighted the importance of WCT in realizing the network’s goals. He stated that since WalletConnect’s beginning, the vision has been to become a crucial part of the onchain ecosystem. The introduction of WCT will accelerate growth and attract new partners, further advancing the network’s impact. The WalletConnect Network has seen substantial innovation and growth, with over 40,000 app projects utilizing its infrastructure. The foundation anticipates new advancements in identity, payments, and onchain services. These developments will improve user experience and contribute to a thriving digital future. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
WalletConnect Announces Airdrop Of New WCT Token Following $25 Million Funding From The Likes Of Coinbase
Decentralised crypto wallet protocol, WalletConnect is launching its native Connect Token (WCT). It will be built on Optimism’s (OP) Layer-2 blockchain. Jess Houlgrave, CEO of WalletConnect has told The Block that a total of 185 million WCT will be airdropped to users. WalletConnect is an open-source protocol that connects blockchain wallets to decentralised applications (dApps). It allows users to interact with dApps without giving the app access to their private keys. WalletConnect CEO Outlines Details Of WCT Airdrop Wallet connect Airdrop 🪂 WalletConnect is launching its native Connect Token (WCT) on Optimism's OP Mainnet, with an airdrop of 185 million tokens to users starting September 24. 👉 Wallet Connect raised $24.75M from Tier 1 Ventures like Coinbase, Hashkey ➢ The WCT token… https://t.co/oVXDbaCQtC pic.twitter.com/WNYQUbUDvX — DefiMaran⚡ (@MaranDefi) September 17, 2024 “WCT marks a significant milestone in the WalletConnect Network’s decentralization roadmap and will be the driving force behind the economic and governance structure of the Network,” WalletConnect said to The Block. “Registration for the WCT airdrop will open on September 24. The airdrop eligibility structure is based on the use of the WalletConnect Network.” The WCT token’s initial supply will be capped at 1 billion. Houlgrave told The Block that 18.5%, or 185 million tokens, are allocated for the season 1 airdrop. The airdrop will include WalletConnect end users, wallets, apps, nodes, software development kits, and communities that have contributed to WalletConnect’s success. To participate in the WCT airdrop, users must register by connecting their wallets and linking their GitHub accounts. An email address and active WalletConnect engagement or contributions to open-source projects are also required to be eligible for the airdrop. DISCOVER: 3 BIG Reasons Why We’re About To Enter ‘SUI Season’ Those Not Eligible For WCT Season 1 Airdrop Could Still Qualify For Season 2, CEO States Houlgrave went on to say that the airdrop for season 1 will conclude on October 11. At that point, token distribution will occur. Any unclaimed tokens will be reallocated to future airdrop seasons. She stressed that those not eligible for Season 1’s airdrop may have opportunities to qualify in subsequent seasons. According to Houlgrave, WCT tokens will initially be non-transferable to ensure a focus on network functionality, stability, and ecosystem development. Transferability might be enabled later through community governance. While tokens can be used for governance and staking, they cannot be transferred between wallets until full functionality is activated by 2025, Houlgrave added. WalletConnect Has Rebranded To Reown, Jess Houlgrave To Continue As CEO Meet Reown: The onchain UX platform. Formerly WalletConnect Inc., we’ve evolved with a mission to empower builders to redesign, recreate, and reown the internet. Read more on the blog → https://t.co/Adg2oVq3v4 pic.twitter.com/L8IMIQfAta — Reown (prev. @WalletConnect Inc.) (@reown_) September 17, 2024 WalletConnect Inc. recently rebranded to Reown. Its aim is to focus on user experience and will continue to be led by CEO Jess Houlgrave. On the pivot to Reown, Houlgrave said, “Web3 is yet to achieve the lofty goals spoken about by many. The average person will have heard of Bitcoin or NFTs but will likely struggle to set up a wallet or mint and send an NFT. Reown is focused on changing this and making the on-chain landscape usable and accessible. Reown will work with partners across all chains and ecosystems to help make using the decentralized internet as intuitive as possible”.
Trading market
Delivery scenarios
Unit price (USDT)
Amount
Delivery coin
Operation
No orders yet.
Unit price (USDT)
Amount
Delivery coin
Operation
No orders yet.