WalletConnect

WCT has four primary functions within the WalletConnect Network:

• Governance: Token holders can propose and vote on changes to the network, including fees and transferability, influencing network development and policies.
• Staking: Participants can stake WCT to earn rewards and participate in governance.
• Rewards: WCT is distributed as incentives to contributors.
• Fees: In the future, the community may introduce fees for network services, facilitated by WCT.

WCT was introduced on September 16, 2024. The initial airdrop, known as Season 1, began on November 27, 2024, distributing 50 million WCT to over 160,000 eligible users and contributors. This airdrop is part of a broader plan to distribute a total of 185 million WCT through phased campaigns. 

To qualify for the WCT Season 1 airdrop, users must:

• Create a profile onairdrop.walletconnect.network
• Authenticate at least one wallet using the WalletConnect Network
• Have been active on the WalletConnect Network with at least one connection or signature prior to September 12, 2024
• Not be linked to addresses on the OFAC SDN list.

Learn more on the Wallet Connect website.

To claim the WalletConnect token airdrop:

1. Visit the WalletConnect Airdrop page.
2. Connect your wallet and check if you are eligible.
3. Click the Claim button.
4. Confirm the transaction in your wallet.
5. (Optional) Stake your tokens via the Staking Dashboard.

WCT has a fixed total supply of 1 billion tokens, allocated as follows:

• Core Development: 7%
• Rewards: 17.5%
• Airdrops: 18.5%
• Team: 18.5%
• Early Supporters: 11.5%
• WalletConnect Foundation: 27%

There is no inflation schedule set at the time of launch, though this may change in future.