WalletConnect Token Lands on Solana With WCT Airdrop

WalletConnect Token (WCT) is launching on Solana, with 5 million WCT set to be airdropped to the blockchain’s energetic customers.

The launch of WCT as a multichain token goals to open WalletConnect to new customers and liquidity, and purposes all through the Solana ecosystem.

The WCT token powers staking and governance throughout WalletConnect’s community, and will likely be used for charges and rewards sooner or later. Present estimates counsel about 145,000 maintain WCT—a determine that is anticipated to rise given it is now increasing to a blockchain with greater than 100 million month-to-month energetic wallets.

In a press release shared with Decrypt, WalletConnect Basis founder and director Pedro Gomes stated the platform has made a concerted shift to changing into a “chain-agnostic protocol” lately, following its “very Ethereum-centric” beginnings.

“It is sensible that WCT, the native token, can also be a multichain token,” Gomes added. “WalletConnect has been working carefully with Solana groups over the previous couple of months and I’ve been constantly impressed by the builders, the neighborhood and the power of the Solana ecosystem.”

Wormhole Basis’s CCO and co-founder Robinson Burkey stated that WCT’s enlargement “is a transparent sign builders and customers need fluid, safe motion of worth throughout ecosystems.”

“A multichain journey”

Additional chain integrations are “already in growth” as WalletConnect builds out its roadmap—and as its native token turns into extra broadly out there, new governance options and token-based incentives will likely be unveiled to provide the neighborhood a better function in its future.

This newest airdrop additionally comes sizzling on the heels of fifty million WCT being distributed to WalletConnect customers final 12 months.

A number of distinguished Solana apps already depend on WalletConnect’s infrastructure—together with lending platform Save, perpetual futures change Drift, and DeFi protocol Kamino Finance.

Figures from the protocol counsel that, since launching in 2018, it has facilitated greater than 278 million connections together with 45 million distinctive energetic wallets.

In a press release shared with Decrypt, WalletConnect stated that its arrival on Solana “marks the start of a multichain journey” that can construct on its monitor report of enabling “safe and seamless connections” between apps and wallets.