WalletConnect (WCT) Launches Solana (SOL) Based Token... Conducts $5 Million WCT Airdrop
Summary
- WalletConnect has announced the launch of its own token WCT based on the Solana (SOL) blockchain and will conduct an airdrop worth approximately $5 million.
- The airdrop will target integrated wallet users, developers, and ecosystem partners, with specific application methods and schedules to be announced soon.
- This token launch is part of WalletConnect's strategy to accelerate the transition to decentralized governance, with a voting and decision-making structure using WCT expected to be applied across the ecosystem in the future.
According to The Block, a cryptocurrency media outlet, on the 23rd (local time), the Web3 wallet connection protocol WalletConnect (WCT) announced the launch of its own token WCT (WalletConnect Token) based on the Solana (SOL) blockchain, along with an airdrop worth approximately $5 million.
WalletConnect stated that the reason for choosing the Solana ecosystem instead of the existing Ethereum (ETH) base is "due to its low fees, fast speed, and favorable conditions for future cross-chain scalability."
The airdrop targets include WalletConnect integrated wallet users, developers, and ecosystem partners, and eligibility verification and application can be done on the official website. Specific application methods and schedules will be announced soon.
This token launch and airdrop are part of WalletConnect's strategy to accelerate the decentralization and transition to decentralized governance of the protocol, and it is expected that a voting and decision-making participation structure using WCT will be applied across the ecosystem in the future.
Meanwhile, WalletConnect is a global standard connection protocol integrated with major Web3 wallets such as MetaMask and Phantom, having processed over 50 million connection transactions.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
