Alisa Davidson
Printed: February 14, 2025 at 8:08 am Up to date: February 14, 2025 at 8:08 am
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February 14, 2025 at 8:08 am
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WalletConnect launched its token, WCT, on LaunchX hosted by BitGet, permitting contributors to amass the token from a 20 million pool at a valuation aligned with latest non-public choices.
Open-source connectivity protocol WalletConnect introduced the introduction of its token, WCT, by means of the LaunchX marketing campaign hosted by cryptocurrency change BitGet. This initiative permits contributors to amass WCT from a pool of 20 million tokens at a valuation aligned with latest non-public choices. The subscription spherical is scheduled to run from February 17 at 10:00 UTC+8 to February 19 at 10:00 UTC+8.
A complete of 20 million WCT, accounting for two% of the full provide, has been allotted for LaunchX. The token value is ready at $0.20 per WCT, with USDT because the dedication foreign money. Individuals should commit a minimal of 100 USDT, whereas the utmost particular person dedication is 10,000 USDT. The subscription arduous cap is 50,000 WCT.
LaunchX follows a dedication–subscription mannequin, the place a participant’s token allocation is set by the proportion of their dedication relative to the full dedicated funds. Nonetheless, no particular person allocation can exceed the subscription arduous cap, and commitments can not surpass the utmost particular person restrict.
What Is WalletConnect And The WCT Token?
Since 2018, WalletConnect has facilitated seamless and safe interactions between wallets and decentralized purposes, serving as a gateway to the on-chain financial system. With over 20 million month-to-month connections, the platform is evolving right into a permissionless ecosystem pushed by its native token, WCT, and a rising group of 35 million customers. WCT displays WalletConnect’s imaginative and prescient of a decentralized, community-driven infrastructure geared toward enhancing the on-chain consumer expertise. As a part of this initiative, the Token Group Spherical offers early entry to WCT at a good market valuation with no lock-up interval for contributors.
The WCT token performs a key function in enhancing the on-chain consumer expertise ecosystem, serving as each a reward mechanism and a governance software. It’s utilized for numerous functions, together with community transaction charges, staking rewards, and enabling group participation in decision-making and governance processes.
In response to its tokenomics, the full provide of WCT is 1 billion tokens, with the distribution allotted as follows: 27% is allotted to the WalletConnect Basis to help partnerships, grants, ecosystem growth, and operational wants. 18.5% is put aside for seasonal airdrops to customers, apps, wallets, nodes, and different ecosystem contributors. One other 18.5% is reserved for crew members of WalletConnect. 17.5% is designated for staking incentives and performance-based rewards. 11.5% is allotted to backers who supported the venture in its early phases. Lastly, 7% is devoted to the continued growth of the protocol and its associated infrastructure.
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About The Writer
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
