WalletConnect Token (WCT)
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About WCT
WalletConnect Token (WCT) is the native token of the WalletConnect ecosystem, an on-chain user experience (UX) ecosystem that facilitates seamless connections between wallets, applications, and users across various blockchain platforms. It continues to power over 15M monthly connections for users across the world's leading decentralized applications and 300+ chains. Launched on Optimism's OP Mainnet, WCT leverages Ethereum's security and Optimism's scalability to enhance network performance. The token serves multiple functions within the ecosystem: token holders can vote on proposals affecting the network's development and operations; users can stake WCT to support network security and earn rewards; active participants receive WCT as incentives for contributing to the network; WCT will be used to pay for services within the network, such as relay usage.
Convert Fiat to WalletConnect Token
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Frequently Asked Questions about WalletConnect Token
What is WalletConnect?
WalletConnect is an open-source Web3 protocol that enables secure communication between wallets and decentralized applications. It is widely integrated across the crypto ecosystem for user authentication, messaging, and transaction signing
What is WalletConnect Token (WCT)?
WalletConnect Token (WCT) is the native token of the WalletConnect ecosystem, designed to power the on-chain UX ecosystem by enabling governance, staking, rewards, and fee payments within the network.
Where can I buy WalletConnect Token (WCT)?
WCT can be bought on major cryptocurrency exchanges like Binance, Bybit, OKX, Kraken, and KuCoin. Binance lists the token against crypto and fiat currencies such as TRY. WCT is also traded on OP DEXs like Uniswap.
What is the best wallet to store WCT tokens?
WCT tokens can be stored in wallets that support the Optimism network, such as MetaMask or Rabby. Ensure your wallet is configured to interact with Optimism to manage WCT tokens securely.
What are the primary functions of WCT within the WalletConnect ecosystem?
WCT is designed to serve several key functions: governance, staking, community rewards, and fees for services, such as relay usage.
Can I get WalletConnect tokens (WCT) for free?
Yes, WCT tokens can be obtained through participation in the WalletConnect airdrop events. To check your eligibility for the airdrop, visit the official airdrop page.
How can I join the WalletConnect token airdrop?
To participate in the next WCT airdrop, wait for the next airdrop season, check your eligibility on the airdrop page, and claim WCT tokens if your wallet is eligible.
What are the WalletConnect Token airdrop eligibility critetia?
Past airdrop seasons evaluated on-chain activity and WalletConnect usage of a particular wallet to determine eligibility. For the future airdrops, using WalletConnect will likely be a key factor as well.
What is the WalletConnect Network?
The WalletConnect Network is a decentralized messaging layer that allows Web3 clients like wallets and dApps to communicate securely and reliably.
Who are relayers in the WalletConnect ecosystem?
Relayers are nodes that route encrypted messages between wallets and dApps. They help maintain connectivity across the network and can earn WCT tokens for their services.
Is WCT required to use WalletConnect as a user?
No. Regular users can continue to use WalletConnect to connect wallets and dApps without holding WCT tokens. The token is primarily used for governance and network infrastructure participation.