WalletConnect Token Soars as Major Exchanges List WCT
The price of WalletConnect’s WCT token has skyrocketed by over 27% in the last 24 hours. It’s now trading at $0.40, with a 24-hour volume of more than $910 million, a 1700% increase. this surge comes after several top exchanges, like Binance and Crypto.com, listed the token.
Launched on April 15, WalletConnect has gained traction quickly. The project, which began in 2018, connects crypto wallets to decentralized apps (dApps) securely. Users can link their wallets via QR codes or deep links,approving transactions directly from their wallets.
WCT has a fixed supply of 1 billion tokens. The allocation includes 27% for the WalletConnect Foundation, 18.5% for the team and airdrops, and 17.5% for staking rewards. This token is crucial for the network’s economic and governance structure.
Initially, WCT tokens were non-transferable but allowed holders to participate in governance and staking. transferability was enabled on April 15, marking the token’s official spot market launch. The event was celebrated with the release of “The Creation of WCT” NFT.
For more details, visit the WalletConnect blog.
