WalletConnect Token (WCT) powers a permissioned relay network connecting wallets to DeFi. It drives staking, governance, and cross-chain usability. WalletConnect Token also rewards contributors who run nodes, creating fast, secure communication among dApps, crypto exchanges, and user wallets.
WalletConnect Token raised funds through public ICO, IEO, and private rounds. Early supporters included top crypto VCs, while later sales on CoinList and Bitget gave the community broad access. Multiple partners contributed to WCT’s development, ensuring resources for ongoing upgrades.
WCT launched on a permissioned network with 16 node operators, setting the stage for broader decentralization.
An initial token distribution rewarded early users and contributors, boosting network adoption.
Community members used WCT to decide key protocol changes and enable transferability in early 2025.
Future updates plan to allow anyone to run nodes, further decentralizing WCT’s relay infrastructure.
Trail of Bits audited WalletConnect v2, finding no critical flaws. WCT contracts on Optimism also underwent reviews to ensure safe staking and transfers. The network uses end-to-end encryption and node checks to uphold user security.
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