WalletConnect, the infrastructure for Web3, has announced the launch of its WCT token, which will open new possibilities for users and developers.
Overview of WalletConnect and Its Importance
WalletConnect serves as a key connective element between users and decentralized applications (dApps), wallets, and blockchains. With over 275 million connections and 45 million active users, WCT has become an essential part of the Web3 ecosystem.
WCT Token Distribution
The total supply of WCT tokens will be 1 billion, with 186.2 million in circulation. This token distribution aims to foster the growth and sustainability of the WalletConnect network, including 7% for core development, 17.5% for rewards, 18.5% for airdrops, 18.5% for the team, 11.5% for previous backers, and 27% for the WalletConnect Foundation.
WCT Price Predictions
The expected price range for the listing day is between $0.48 and $0.55, with fluctuations depending on market activity. In the short term (1-4 weeks), the price may range from $0.35 to $0.75 based on demand dynamics and token supply.
The launch of the WCT token represents a significant milestone for WalletConnect, ensuring sustainable network growth and opening new opportunities for users and investors.
