WalletConnect is a protocol that allows users to connect your wallets to decentralized applications. And in a secure way without having to share your sensitive information. After he had it announced last Septemberprotocol WalletConnect has opened the door to the landing of its WCT token.

WalletConnect opens the door to its landing party

Tonight the teams WalletConnect announced the opening of the WCT token airdrop.

At the same time, an eligibility check was deployed. This allows users to consult their allocation, claim it and even stake it. So, to check your eligibility, go to the dedicated page on the WalletConnect website: https://airdrop.walletconnect.network/.

Please note that the claim window extends from November 26, 2024 to January 3, 2025.

In total, 50 million WCT tokens will be distributed to 160,000 eligible addresses for this season 1.

To determine eligibility, WalletConnect relied on a three-pillar scoring system that takes into account:

• WalletConnect activity. Considering the relationship between signatures, user connections and overall network activity;
• Presence in the chain. Through wallet balances, transaction volumes, gas fees spent or even minted NFTs;
• Behavior during past airdrops. Specifically, whether the user kept the airdrops (which means a bonus) or sold them directly (which means a penalty).

WCT token staking

After claiming the allowance, you will be able to stake your WCT tokens.

In fact, staking on WalletConnect adopts a so-called architecture “dynamic staking”. This means users can choose the number of tokens they stake, with no minimum or maximum, and set how long they want their tokens to be staked – from one week to two years.

Placing your WCT in a bet will also allow you to win betting rewards. However, we will have to wait for the introduction of the reward mechanism. The rewards should start to be added up from December 19.

More airdrops are coming

As we just specified, this is the first season of the WalletConnect airdrop. It therefore follows that further airdrops will be made by WalletConnect in the coming months.

In total, 185 million WTCeither 18.5% of the total supply will be distributed via airdrops. This means that after this first season, there will be 135 million tokens left to distribute.

In practice, these airdrops aim to reward both users and contributors (developers, popularizers, etc.).

So it’s probably not a bad idea to communicate with WalletConnect until then and prepare for the next airborne season.

It remains to be seen whether this landing will be successful or not. In fact, most of the airdrops created by Tier-2 were more than mixed. Whether at the community level or in the markets it is hard to say that they have been successful.