On September 29, 2024, the native token WCT (WalletConnect Token) of the decentralized wallet connection protocol WalletConnect was officially issued, marking the entry of this Web3 infrastructure, which connects tens of millions of users, into a new era of decentralized governance. The issuance of WCT not only provides governance rights to ecological participants but also injects momentum for the long-term development of the entire Web3 wallet ecosystem through a meticulously designed token economic model.
Fixed total supply and long-term value anchoring
The total maximum issuance of the WCT token is strictly limited to 1 billion, adopting a fixed total supply design that aims to emulate the scarcity concept of Bitcoin, prevent inflation, and provide stable expectations for the long-term value of the token. This design conveys the project team's commitment to sustainable ecological development to the market.
The token distribution structure reflects the characteristics of a typical infrastructure project:
27% (270 million) allocated to the WalletConnect Foundation for ecosystem building, network development, and partner incentives.
30% (300 million) allocated to the core team, early supporters, and core developers, all set with a 1-year lockup period, and will be unlocked linearly over 4 years to ensure long-term interests align between the team and the ecosystem.
18.5% (185 million) is used for airdrop incentive pools, continuously rewarding and benefiting early users.
The remaining portion is used for Launchpool activities, community rewards, etc.
Core functions and multidimensional uses
WCT is not only the governance token of the WalletConnect network but also the value hub of its ecosystem. Holders can participate in decentralized governance of the network by staking WCT tokens, voting on key decisions such as protocol upgrades and fund allocation, thereby truly achieving community autonomy.
In addition, WCT plays a more important role in the future technology roadmap. It will serve as a settlement medium for cross-chain bridging service fees, where users may need to pay WCT as fees when using advanced features of WalletConnect. At the same time, users who stake WCT will also receive network participation rewards, including incentives for running nodes or collaborating with wallets, thus forming a healthy economic cycle.
Technical foundation and global layout
The WCT token is issued on Ethereum's Layer2 network Optimism, following the ERC-20 standard. This choice combines the security of the Ethereum mainnet with the high-speed and low-cost transaction advantages of Optimism, providing a solid technical foundation for WCT's daily circulation and large-scale applications.
The core development team of the project is located in Singapore, a financial center with an open attitude towards blockchain technology. This provides a favorable environment for WCT's compliant operations and global expansion.
Progressive release and market impact
As of May 2025, the market circulation of WCT is approximately 186 million, accounting for only 18.62% of the total supply. This highly centralized and progressive release mechanism effectively avoids the impact of large-scale early sell-offs on the market. Low circulation rates may exacerbate market expectations for WCT's scarcity in the short term, while its long-term value highly depends on the expansion of the WalletConnect ecosystem, growth in user adoption rates, and actual applications of cross-chain functionality.
Since its launch, WCT has successfully landed on major exchanges such as KuCoin and Binance, gaining widespread recognition in the market. As a key bridge connecting the Web2 and Web3 worlds, each technological iteration and user growth of WalletConnect provides strong support for the value of the WCT token. With the continuous maturation of the Web3 ecosystem, WCT is expected to become one of the core assets in the field of decentralized identity and wallet connections.@WalletConnect #wolletconnect $WCT
