WalletConnect Token PriceWCT

What is WalletConnect Token (WCT)?

WalletConnect Token (WCT) is the native token of the WalletConnect Network, an open and decentralized network that connects users to apps onchain. The network describes itself as the connectivity layer for the financial internet, powering payments, trading, and compliance across the digital asset economy. WCT is built to fuel the onchain UX ecosystem by empowering users, apps, and wallets to contribute to a better onchain future through shared incentives. The token has an initial supply cap of 1 billion WCT and launched in 2024, with transferability implemented at a later stage facilitated by community discussion.

Key Specifications & Tokenomics

• Name: WalletConnect Token
• Ticker / Symbol: WCT
• Blockchain / Platform: Ethereum platform; token launching on Optimism's OP Mainnet, employing Ethereum's security and OP Mainnet's speed
• Category: Wallet, Solana Ecosystem, Binance Launchpool
• Initial Supply Cap: 1 billion WCT
• Total Supply: 1,000,000,000 WCT
• Max Supply: 1,000,000,000 WCT
• Circulating Supply: 451,907,687 WCT
• Allocations: WalletConnect Foundation 27%, Airdrops 18.5%, Team 18.5%, Rewards 17.5%
• Inflation Policy: Token inflation is not contemplated as a mechanism for token distribution or network sustainability in the initial design
• Explorer: etherscan.io
• CertiK Rating: 3.9 (Audits)

Who created WalletConnect Token?

The WalletConnect Network was initially developed under WalletConnect Inc. and its founder, Pedro Gomes, who serves as founder of WalletConnect and director of the WalletConnect Foundation. The WalletConnect Foundation Board Members include Pedro Gomes and Yessin Schiegg. The WalletConnect CEO is referenced as @Houlgrave on the WalletConnect X account. Contributors and node operators include the WalletConnect Foundation, Reown, Consensys, Kiln, Ledger, Luga Nodes, 1kx, Figment, and Sensei Nodes.

How does WalletConnect Token work?

WCT operates as the native token of the WalletConnect Network, which uses relay technology to enable seamless connections between wallets and applications across desktop and mobile. The token functions through four core mechanisms: fees, rewards, staking, and governance. The network's current fee proposal envisions the relay adopting a Monthly Active User model for its connection service, though initially the network will not employ a fee structure. Staking allows holders to lock tokens for periods between one week and two years, with rewards based on stake weight capped to prevent over-concentration. Governance is designed to promote decentralization, with the WalletConnect Foundation stewarding growth and several councils responsible for different functions.

What makes WalletConnect Token unique and valuable?

The WalletConnect Network powers over 15 million monthly connections across 300+ chains and has grown by over 240% in the past 12 months. It plays a critical role in the $2+ trillion that flows throughout web3 today. The network serves 54 million unique active wallets, 380 million connections, 80,000 apps, and 700 wallets, supported by 20 world-class node operators. Its unique value lies in being essential decentralized infrastructure moving billions in value monthly, including stablecoin payments and compliance. WCT holders have a true stake in the future of onchain UX and can participate in community-driven innovation that impacts all of web3 across all chains.

What is WalletConnect Token used for?

WCT has four main functions. First, fees play a role in long-term network sustainability, with the community defining how fees support economic flow. Second, rewards: 17.5% of initial token supply incentivizes participants, with 5% distributed in the first year and 12.5% reserved for subsequent years, distributed to community contributors including wallet providers through WalletGuide and WalletConnect Certified, and node operators based on uptime and latency. Third, staking: holders can stake tokens to contribute to network stability and receive rewards from the general reward pool, with rewards increasing with longer commitments and larger stakes. Fourth, governance: holders participate in community-driven innovation and shape user experience standards of web3.

How Is the WalletConnect ecosystem developing?

The ecosystem includes the WalletConnect SDK, which allows wallets to access 80,000+ apps with 99% less technical overhead, trusted by custodians, self-custody, mobile, and hardware wallets. WalletGuide serves as the benchmark for digital wallets, an ultimate directory of onchain wallets adhering to high UX standards. WalletConnect Certified, introduced on November 11, 2024, sets a new standard for onchain wallets. The network powers thousands of onchain projects. Key developments include the whitepaper published on September 19, 2024, the token airdrop blog on September 24, 2024, early token release in late 2024, and expansion to Solana on May 23, 2025, with 5 million WCT claim available to the Solana community announced at Solana Accelerate.

How to mine WalletConnect Token?

WCT is not mined through traditional proof-of-work mechanisms. Instead, participants can acquire WCT through staking and rewards. Any holder of WCT can stake tokens to the network, contributing to stability and sustainability while receiving rewards. Staking rewards come from a portion of the general reward pool, with the percentage set by governance. Each staker's rewards are based on stake weight, capped to prevent over-concentration, and increase with longer commitments and larger stakes. The fixed staking system allows locking tokens for periods between one week and two years, with a 7-day unbonding process at the end. An auto-locking feature automatically renews staking positions, and manual re-staking is available. Node operators also receive rewards based on performance factors like uptime and latency.

How to keep your WalletConnect Token safe?

To keep your WCT safe, use reputable wallets that adhere to high security standards, such as those featured in WalletGuide and WalletConnect Certified. These directories list onchain wallets that excel in security, features, and quality. When staking, be aware that tokens cannot be withdrawn during the lock-up period, which ranges from one week to two years, and there is a 7-day unbonding process at the end. Always verify contract addresses and use official network channels. The network's governance and foundation support stakeholders through grants, application development, and partnerships, contributing to a secure ecosystem. Avoid sharing private keys and use hardware wallets for large holdings.

How to buy WalletConnect Token Coin?

WCT is a newer cryptocurrency that may be listed on select exchanges. For a secure and liquid trading experience, using a major regulated platform like BTCC is recommended.

Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.

Deposit Funds: Deposit fiat currency via bank transfer, card, or third-party payment, or transfer USDT from an external wallet into your BTCC account.

Start Trading: Go to the trading page and search for the spot trading pair WCT/USDT or the perpetual contract WCTUSDT.

Place an Order: Enter the amount of WCT you wish to purchase and submit the order. For contract trading, you can also choose to go short and adjust the leverage multiplier according to your strategy and risk tolerance.

Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.