Airdrop Archives | MarketsXplora

Key Insights WalletConnect has launched its first token airdrop, allocating 50 million WCT tokens to over 160,000 eligible users, with a total planned distribution of 185 million tokens. The airdrop includes 30 million tokens for registered users and 20 million for network contributors, with tokens being non-transferable but stakable for one week to two years. NEW YORK (MarketsXplora) - WalletConnect, the open-source crypto wallet connection protocol, has initiated its inaugural token airdrop, offering 50 million WalletConnect (WCT) tokens to over 160,000 eligible participants. The protocol announced the launch of its token eligibility checker, marking the first season of its distribution strategy from a planned total of 185 million tokens out of a maximum 1 billion token supply. Thirty million tokens are reserved for users who registered and met specific engagement criteria, with an additional 20 million allocated to notable network contributors, including node operators and early GitHub collaborators. While initially non-transferable, participants can stake tokens for periods ranging from one week to two years, with staking rewards commencing on December 19. Eligibility required users to create a profile, connect a wallet through the WalletConnect network, and demonstrate network engagement before a specified cutoff date. "We've developed a comprehensive scoring system to ensure fair distribution," a WalletConnect spokesperson told MarketsXplora, highlighting the methodology based on past network usage, on-chain activities, and platform contributions. The organization has also implemented gas fee subsidies to reduce user transaction costs. WalletConnect's core protocol enables users to connect crypto wallets to decentralized applications using QR codes or deep links, primarily facilitating cross-device wallet connections without address copying or device switching.

WalletConnect Launches First Token Airdrop, Targeting 160,000 Users

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