WalletConnect
WCT
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WalletConnect Info
WalletConnect Intro
The WalletConnect Network is the onchain UX ecosystem that makes web3 work by facilitating the use of any wallet across any app and platform. The Network also installed many of web3’s UX standards which together foster today’s composable and interoperable web3 ecosystem. WalletConnect today drives much of crypto’s volume for millions of users across thousands of apps and wallets.
The WalletConnect Network is chain agnostic working across ecosystems from EVM and its L2s, to Solana, Cosmos, Polkadot, Bitcoin and more. To date it has facilitated 150 million connections for 24 million end users between over 600 different wallets and 40,000 applications. The next chapter for WalletConnect is the decentralization of the Network providing for continued resilience, privacy and censorship-resistance which will be governed by the WalletConnect Token (WCT). Beyond being a utility token to enable moving WalletConnect Network towards a permissionless state, the WCT token aligns web3’s incentives towards, finally, prioritizing UX.
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Q&A about WalletConnect Tokenomics
Explore the tokenomics of WalletConnect(WCT) and review the project details below.
What is the allocation for WalletConnect(WCT)?
The initial supply of WCT tokens is capped at 1 billion, with allocations designed to support the Network’s growth and sustainability. These allocations include:
• Core Development: 7% For further development of the protocol and related modules
• Rewards: 17.5% For staking and performance rewards
• Airdrops: 18.5% For seasonal airdrops to users, apps, wallets, nodes, etc.
• Team: 18.5% For team members of Reown and WalletConnect.
• Previous Backers: 11.5% For those who provided resources and support to the early-stage Network.
• WalletConnect Foundation: 27% For partnerships, grants, ecosystem development, and operations.
Tokens allocated to core development, team and previous backers will be subject to a 4-year unlock including a 1 year cliff starting at the token generation event (TGE).
The Airdrops allocations will be released in seasonal airdrops starting at the token’s public launch and continuing throughout the following years.
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The WalletConnect Network is the onchain UX ecosystem that makes web3 work by facilitating the use of any wallet across any app and platform. The Network also installed many of web3’s UX standards which together foster today’s composable and interoperable web3 ecosystem. WalletConnect today drives much of crypto’s volume for millions of users across thousands of apps and wallets.
The WalletConnect Network is chain agnostic working across ecosystems from EVM and its L2s, to Solana, Cosmos, Polkadot, Bitcoin and more. To date it has facilitated 150 million connections for 24 million end users between over 600 different wallets and 40,000 applications. The next chapter for WalletConnect is the decentralization of the Network providing for continued resilience, privacy and censorship-resistance which will be governed by the WalletConnect Token (WCT). Beyond being a utility token to enable moving WalletConnect Network towards a permissionless state, the WCT token aligns web3’s incentives towards, finally, prioritizing UX.