WCTWalletConnect (WCT) Price

1.Project introduction

The services of the WalletConnect Network resemble traditional Web2 off-chain infrastructure more than blockchain technology. It offers web services that require state management, with operations that demand low latency and high throughput. There were no ready-made permissionless systems available that had been proven at scale and could meet these latency requirements. This is why WalletConnect integrated concepts from both the blockchain and database realms when developing the Network.

2.Team introduction

CEO - Pedro Gomes

https://x.com/pedrouid

CTO - Derek Rein

https://x.com/cyberdrk

3.Token application and distribution

Token application

WCT is the native token of the WalletConnect Network, securing the network through staking, rewards, fees, and governance.

Token distribution

The initial supply of WCT tokens is capped at 1 billion, with allocations aimed at supporting the network's growth and sustainability. These allocations are as follows:

Core Development: 7%

Rewards: 17.5%

Airdrops: 18.5%

Team: 18.5%

Previous Backers: 11.5%

WalletConnect Foundation: 27%