WalletConnect announces launch of WCT token with an initial supply cap of 1 billion

Odaily News Web3 communication protocol WalletConnect will launch its native token WCT on Optimism. WalletConnect said that registration for the WCT airdrop will open on September 24, and airdrop qualifications are based on the usage of the WalletConnect network. WalletConnect CEO Houlgrave said that the initial supply of WCT tokens will be capped at 1 billion, of which 18.5%, or 185 million tokens, will be allocated to the first quarter airdrop. Houlgrave said that the airdrop will cover WalletConnect's end users, as well as wallets, applications, nodes, software development kits and communities that have contributed to the success of WalletConnect. (The Block)