Key Points
- Binance introduced WalletConnect (WCT) on Launchpool in preparation for its listing.
- WCT will launch on Binance on April 15.
Binance announced WalletConnect (WCT) as its 67th Launchpool Project, ahead of its launch on the platform.
WalletConnect is an open-source network connecting users to dApps via a secure and interoperable protocol. The WalletConnect network provides a platform where wallets, apps, and users connect to drive UX innovation, expand the ecosystem, and guide the network towards a decentralized and permissionless future.
The project raised over $46 million in funding rounds between 2021 and 2024. WalletConnect nears its TGE and Binance listing set to take place on April 15.
About Binance Launchpool
Binance Launchpool is the crypto exchange’s token launch platform that allows users to launch projects, while helping and advising teams on how to best issue and launch tokens.
Launchpool has over 60 projects, and WalletConnect is the 67th project launched on the platform. 4% of the total WCT supply will go to Binance Launchpool, and 1% of the total WCT supply will go to the crypto exchange’s Learn and Earn Campaign.
About $WCT
The WalletConnect token (WCT) is the native token of the WalletConnect network, and it secures the network via staking, rewards, fees, and governance.
Key Details
- Token: $WCT
- Circulating supply when listed on Binance: 186,200,000 WCT (18,62% of the total token supply)
- Total and maximum token supply: 1 billion WCT tokens
- Binance Launchpool WCT token rewards: 40 million WCT tokens representing 4% of the total token supply
- Binance Learn and Earn Campaign (distributed in batches): 10 million WCT tokens, or 1% of the total token supply
How to Earn WCT
To earn WCT, users can lock BNB, FDUSD, and USDC to get airdrops. The farming period started on April 1, and it will last for four days.
Binance offers the following rewards:
- For locking BNB – 34 million WCT tokens in rewards
- For locking FDUSD – 2 million WCT tokens in rewards
- For locking USDC – 4 million WCT tokens in rewards
» Start earning WCT — Register on Binance today «
WCT Tokenomics
The total supply of WCT will be capped at 1 billion tokens. The token allocation is as follows:
- WalletConnect Foundation: 27% $WCT
- Airdrop to eligible users and contributors: 18.5% $WCT
- The team: 18.5% $WCT
- Rewards: 17.5% $WCT
- Previous backers: 11.5% $WCT
- Core development: 7% $WCT
