The WalletConnect airdrop is live now with its first season that began on September 24, 2024. This season will continue till December 31, 2024, when the early engagers of the platform can earn free WCT tokens.
The token claim and stake features of WCT tokens are live from November 26, 2024, and will end on January 3, 2025. 185,000,000 WCT tokens will be disbursed during the WalletConnect airdrop. Out of this 50,000,000 WCT tokens will be distributed during the first season of WalletConnect airdrop.
In this article, you will read more about the WCT tokens, eligibility criteria for the airdrop, and the steps to be followed to participate in the airdrop.
What Is WalletConnect?
WalletConnect is an online UX ecosystem that connects crypto wallets to dApps. It aims to make the Web 3 network a long-used and critical piece of today’s on-chain infrastructure. As the name suggests, on the WalletConnect platform, you can connect your wallets to various decentralized applications through the process of deep linking and the use of encrypted QR codes.
The platform protects user data through end-to-end encryption. The ultimate aim of the WalletConnect platform is to unlock a fully open, permissionless, decentralized ecosystem for Web 3 users.
More About WCT Tokens
WCT tokens are used for governance and various other utilities on the WalletConnect platform. It is also used to reward users for strengthening the network security and on-chain efficiency of the UX ecosystem of WalletConnect.
The total supply of WCT tokens is distributed for various purposes as per the following criteria.
- Core Development: 7%
- Rewards: 17.5%
- Airdrops: 18.5%
- Team: 18.5%
- Previous Backers: 11.5%
- WalletConnect Foundation: 27%
Eligibility Criteria For WCT Airdrop
Users belonging to the following criteria are eligible for the WCT airdrop.
- You will be assessed based on all your activities on the WalletConnect network such as connections, signatures, and on-chain activity.
- Previous contributions to the WalletConnect network such as CAIPs, EIPs, Ethereum SDKs, non-EVM SDKs, and other open-source projects also make the users eligible for the WCT airdrop.
In short, all your on-chain activities between June 12, 2024, and September 12, 2024, and all WalletConnect usage and historical contributions upto September 12, 2024, will be considered while checking your eligibility to gain from the WalletConnect airdrop.
WCT Token Allocation For The Airdrop
50,000,000 WCT tokens are set aside for the users during season 1 of the WalletConnect airdrop. These tokens are allocated to two main categories: users and network contributors. 30 million tokens are reserved for users who promptly engage with the WallectConnect platform.
Users with regular and qualified engagement with the network are given preference during the distribution of WCT tokens. 20 million of the WCT airdrop tokens are set aside to reward the network contributors on the WallectConnect network.
How To Claim The WCT Airdrop?
This guide will help you claim the WCT airdrops easily.
- Go to the WalletConnect airdrop page.
- Create your profile using the “Register Here” tab.
- You can add more wallet addresses or GitHub accounts to develop your profile.
- Provide your registered email address.
- Boost your eligibility through your engagements with the WalletConnect ecosystem and get ready to earn a sizable amount of WCT tokens as airdrop.
- Visit the official website of WalletConnect and follow its social media handles for regular updates.
The Bottom Line
The WalletConnect tokens are known for their utility and holding a considerable number of WCT tokens will enable you to take part in the governance of the WalletConnect platform.
You should strategically plan your engagement with the WalletConnect platform and engage in the activities that boost your chances of earning a higher number of WCT tokens. Stay tuned to the official website and social media pages of WalletConnect for more updates.
