WalletConnect’s native token ($WCT) is gaining traction due to its ongoing airdrop season—offering early opportunities for those who want to get involved. Whether you're planning to claim the airdrop or trade $WCT on exchanges like BingX, this guide covers everything you need to know to get started.
What Is WalletConnect ($WCT)?
WalletConnect is an open-source protocol that enables secure, seamless connections between cryptocurrency wallets and decentralized applications (dApps). Launched in 2018, it has become a key infrastructure layer in the Web3 ecosystem, allowing users to interact with blockchain applications via QR code scanning or deep links—without ever exposing private keys.
As a universal bridge for Web3 wallet connectivity, WalletConnect is a chain-agnostic protocol that supports seamless interaction across major blockchain networks—including Ethereum, Solana, Cosmos, Bitcoin, and many more. Designed for cross-chain compatibility, WalletConnect enables users to connect their wallets to thousands of dApps regardless of the network. So far, it has powered over 150 million secure sessions for more than 23 million users, integrating with around 600 wallets and over 40,000 decentralized applications.
At the heart of this growing network is the WalletConnect Token ($WCT)—a native utility and governance token built on the Optimism Layer 2 network, which combines Ethereum-grade security with faster and more cost-efficient transactions.
For a complete overview of WalletConnect’s protocol, token utility, and ecosystem, refer to What Is WalletConnect ($WCT) and How to Use It in DeFi.
What Does the $WCT Token Do?
1. Governance: WCT holders can vote on WalletConnect protocol upgrades, fee structures, and future development decisions.
2. Staking: Users can stake WCT to help secure the network and earn staking rewards.
3. Incentives: WCT is used to reward community participation and contributions to the ecosystem.
4. Fee Utility: While WalletConnect is currently free to use, future protocol-level fees for dApps and SDK integrations may be introduced—governed by WCT holder votes (users will not pay fees directly).
What’s the Tokenomics of $WCT?
WalletConnect token distribution | Source: WalletConnect blog
The maximum supply of $WCT is capped at 1 billion tokens, with distribution designed to support long-term ecosystem growth:
• 27% allocated to the WalletConnect Foundation
• 18.5% reserved for the $WCT airdrop
• 18.5% allocated to the core team
• 17.5% for community rewards and staking
• 27% allocated to the WalletConnect Foundation
• 18.5% reserved for the $WCT airdrop
• 18.5% allocated to the core team
• 17.5% for community rewards and staking
How to Claim the WalletConnect ($WCT) Airdrop?
The WCT token has a multi-phase airdrop strategy. According to recent announcements:
Season 1 $WCT Airdrop
•The registration period for Season 1 of the WCT airdrop ran from September 24 to October 18, 2024.
• Eligibility verification began in November 2024.
•The registration period for Season 1 of the WCT airdrop ran from September 24 to October 18, 2024.
• Eligibility verification began in November 2024.
If you're eligible for the Season 1 airdrop, you should claim your tokens promptly to avoid missing out.
Here’s how to check if you qualify and claim your WalletConnect Token (WCT) Season 1 airdrop on Optimism.
Before you begin, make sure to verify the following to keep your assets safe:
• Check the URL: Ensure you're on the official site —
• Confirm the Contract Address: The correct airdrop contract is
airdrop.walletconnect.network — to avoid phishing scams. • Confirm the Contract Address: The correct airdrop contract is
0x4ee97a759AACa2EdF9c1445223b6Cd17c2eD3fb4. Always double-check before interacting.Step-by-Step Guide: How to Claim Your $WCT Airdrop
Step 1: Visit the official airdrop page - Navigate to airdrop.walletconnect.network
Step 2: Connect your wallet - Accept the terms and conditions. Click “Check Eligibility” and connect your Optimism-compatible wallet (e.g., MetaMask, Trust Wallet).
Source: WalletConnect docs
Step 3: Verify eligibility & Claim - The system will check if your wallet qualifies based on past activity.
• If you’re eligible: You’ll see a “Congratulations” message along with your WCT allocation. A “Claim” button will appear right below the amount. Click the "Claim" button, and confirm the transaction in your wallet.
• If you’re not eligible: You’ll get a message that says, “Unfortunately, you are not eligible for the Season 1 airdrop.” You can still subscribe for future airdrop updates and follow WalletConnect on social media to stay in the loop.
• If you’re eligible: You’ll see a “Congratulations” message along with your WCT allocation. A “Claim” button will appear right below the amount. Click the "Claim" button, and confirm the transaction in your wallet.
• If you’re not eligible: You’ll get a message that says, “Unfortunately, you are not eligible for the Season 1 airdrop.” You can still subscribe for future airdrop updates and follow WalletConnect on social media to stay in the loop.
Claim button will appear if eligible | Source: WalletConnect docs
Thank you message will appear if not eligible | Source: WalletConnect docs
Step 4: Consider staking - After claiming, the page will update to show that no more tokens are available and the "Claim" button will be disabled. You can then choose to stake your WCT tokens to earn additional rewards.
Source: WalletConnect docs
How to Earn $WCT During the Token Launch Period?
Once you claim your tokens , you have options to stake your tokens or trade them on supported exchanges like BingX.
Token Launched on CEXs
• BingX Pre-Market opened $WCT trading from April 12 to April 15, 2025, giving users early access to buy and sell ahead of the official exchange listing.
• BingX Pre-Market opened $WCT trading from April 12 to April 15, 2025, giving users early access to buy and sell ahead of the official exchange listing.
• The WCT/USDT spot pair was officially listed on April 15, 2025, with major exchanges like BingX supporting the launch.
Bonus: Exclusive $OP Airdrop on BingX - $WCT Listing Carnival
The $WCT Listing Carnival is live from April 14 to April 21—complete simple tasks on BingX to earn your share of 30,000 OP in rewards.
• Deposit Challenge – Accumulate 100 USDT or more in net deposits to join a 15,000 OP prize pool.
• Spot Trading Challenge – Trade 200 USDT or more in spot volume and earn from another 15,000 OP pool.
• Spot Trading Challenge – Trade 200 USDT or more in spot volume and earn from another 15,000 OP pool.
Will There Be a Future Airdrop for $WCT?
Yes, the WCT token distribution includes multiple airdrop seasons as part of its long-term community strategy. Here’s what’s confirmed so far:
Total Allocation:
18.5% of the total 1 billion WCT supply—equivalent to 185 million tokens—is reserved for airdrops across multiple seasons.
Season 1 Airdrop: Held from September 24 to October 18, 2024, Season 1 distributed 50 million WCT (5% of total supply) to early participants.
Season 2 and Beyond: Exact dates are yet to be announced. The next airdrop season is scheduled to begin sometime in 2025, with additional seasons planned to follow.
To position yourself for future airdrops, consider:
1. Active participation: Use WalletConnect to connect your wallet to dApps, as connection frequency and transaction signing through the protocol are considered for eligibility.
2. Developer contributions: If you're a developer, integrate AppKit or WalletKit to enhance your chances.
3. Stay informed: Subscribe to the WalletConnect Foundation newsletter for the latest updates on future airdrops.
The $WCT token currently operates with non-transferability at launch to ensure it serves its intended purpose within the ecosystem. However, the WalletConnect Foundation plans to facilitate discussions about enabling transferability in the future, which will be decided by token holders through governance voting.
Conclusion
WalletConnect's WCT token represents a significant opportunity for those involved in the Web3 ecosystem. Whether you're eligible for the current airdrop or looking to participate in future distributions, understanding the project's fundamentals and token utility is essential.
For traders, platforms like BingX offer early access to WCT trading, providing a way to engage with this emerging token. As WalletConnect continues to evolve its protocol and governance structure, WCT is positioned to play a crucial role in the broader decentralized connectivity landscape.
Always conduct thorough research before participating in airdrops or trading activities, and ensure you're interacting with legitimate platforms to protect your digital assets.