WalletConnect launches its airdrop season, distributing 50 million non-transferable tokens to over 160,000 eligible users for staking and governance participation.
Launch of the First Airdrop Season
WalletConnect has announced the launch of its first airdrop season, rewarding 160,000 users with 50 million WalletConnect tokens (WCT). This allocation represents part of a planned total of 185 million tokens to be distributed through multiple seasons. The airdrop incentivizes community engagement and governance participation, with a focus on rewarding active contributors, developers, and early users.Staking Opportunities and Distribution Criteria
Although the WCT tokens are non-transferable at this stage, they can be staked for periods ranging from one week to two years, with staking rewards scheduled to begin on Dec. 19. Of the 50 million tokens allocated this season, 30 million were designated for engaged users, while 20 million were reserved for notable contributors, such as node operators and GitHub contributors. Eligibility for the airdrop required participants to create a profile, link their wallets via WalletConnect, and engage in network activities before the cutoff date. WalletConnect implemented a scoring system to ensure fair distribution, factoring in metrics like network usage and on-chain contributions. To further support users, the platform subsidized gas fees to reduce transaction costs.About WalletConnect’s Protocol
WalletConnect, an open-source protocol, connects crypto wallets to decentralized applications (dApps) using QR codes or deep links. This approach simplifies user interactions across devices and eliminates the need to switch platforms for approvals. The airdrop signifies WalletConnect’s commitment to fostering a vibrant and participatory ecosystem, leveraging its innovative protocol to drive adoption and utility.
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