WalletConnect, founded in 2018, set out to create a protocol that allows secure, seamless connections between wallets and dApps across platforms. Now, they’re introducing their governance token WCT, which is currently available for farming on Binance Launchpool — giving users the chance to earn it for free without any risks.

Initial Circulating Supply When Listed on Binance: 186,200,000 WCT (18.62%  of total token supply)

Price Predictions

$1.3 at a $250M market cap.

$2.6 at a $500M market cap.

$5.3 at a $1B market cap.

What is WalletConnect (WCT)?

WalletConnect solves user experience issues by enabling encrypted wallet-to-dapp connections and promoting standardized interactions through initiatives like the Chain Agnostic Standards Alliance (CASA).

The WCT token powers this onchain UX ecosystem, serving key roles in rewards, governance, staking, and fees.

Core Functions of WCT

• Fees:

Initially, the network will be free to use, but token holders can vote to introduce fees for services like relay usage in the future.

• Rewards:

17.5% of the total supply is allocated to incentivize users. 5% will be distributed in the first year, with 12.5% for later years.

• Staking:

Users can stake WCT to support the network’s sustainability and earn rewards based on stake size and commitment time.

• Governance:

WCT holders will control network upgrades and policies through a decentralized governance model led by the WalletConnect Foundation.

Future Use Cases of WCT

• Pay network fees

• Incentivize UX improvements

• Seasonal wallet selection voting

• Access beta programs and early partnerships

• Stake for participation in app certification programs

WalletConnect’s Existing Products

The WalletConnect Network offers a decentralized, high-speed, chain-agnostic infrastructure for connecting wallets and apps. Though currently free for apps, future services will be fee-based with rewards distributed to wallet partners.

WCT Token Fundraising

WalletConnect raised funds across four major rounds, offering Token Warrants to investors between 2022 and 2024. Some tokens are locked for four years with a 25% cliff after the first year. Major rounds include:

• Private rounds (~10M WCT)

• Bitget sale (20M WCT)

• CoinList sale (~20M WCT)

• Echo private sale (2.5M WCT)

WCT Tokenomics

• Token Name: WalletConnect (WCT)

• Total/Max Supply: 1,000,000,000 WCT

• Initial Circulating Supply: 186,200,000 WCT (18.62%)

Allocation Breakdown:

• 7% Core Development

• 17.5% Rewards

• 18.5% Airdrops

• 18.5% Team

• 11.5% Early Backers

• 27% WalletConnect Foundation

Inflation:

No token inflation is planned for the first 3-4 years. However, governance may introduce inflation if necessary.

How to Farm WCT on Binance Launchpool

1. Verify your Binance account.

2. Stake BNB, FDUSD, or USDC in the Launchpool.

3. Earn WCT tokens passively.

WCT Spot Listing Date: April 15, 2025, at 11:00 (UTC)

Final Thoughts:

WalletConnect is laying the foundation for a decentralized, user-friendly Web3 connection standard, and WCT will play a major role in its future.