What is WCT Airdrop? What Do You Need to Know to Participate?

Bittime - The WCT Airdrop is a distribution program held by WalletConnect to provide 185 million WalletConnect Tokens (WCT) to the on-chain community. 

First season airdrop it includes 50 million tokens and is currently open for registration. 

How to Register for the WCT Airdrop

To register, follow these steps:

1. Visit the Airdrop Page: Access the official airdrop page at https://airdrop.walletconnect.network/.

2. Register: Click on the "Register Here" option in the bottom left corner to continue.

3. Connect Wallet: Select a wallet that supports WalletConnect and connect your wallet.

4. Confirm Ownership: Once connected, you need to sign a message to confirm wallet ownership.

5. Create an Airdrop Profile: Once the steps above are completed, your airdrop profile will be created.

It is important to note that registration does not guarantee eligibility or eligibility to receive tokens.

About WalletConnect and WCT Token

WalletConnect is a protocol that allows users to connect their crypto wallets with decentralized applications (dApps) on various blockchains. 

Since launching in 2018, WalletConnect has facilitated more than 150 million connections for more than 23 million users, spanning 600 wallets and 40,000 application projects across the blockchain network.

Read too Latest Crypto Airdrop: Claim WCT Tokens Now

Functions and Benefits of WCT Tokens

The WCT token is the native token of the WalletConnect network that has various utilities, including:

- Governance: WCT holders can participate in decision-making regarding network development through decentralized governance mechanisms.

- Staking: Users can stake their WCT tokens to earn rewards and contribute to network security.

- Incentives: WCT will be used for rewards programs that encourage active participation in the WalletConnect ecosystem.

Supply and Supply of WCT Token

A total of 18.5% of WCT's total supply will be distributed via airdrop to qualified users and contributors. 

WCT's total supply is capped at 1 billion tokens, with 27% allocated to the WalletConnect Foundation and the remainder to the project team, rewards program, and core development.

WCT Airdrop Eligibility Criteria

Eligibility for the WCT airdrop is determined based on user activity and their contributions within the WalletConnect ecosystem. 

Some criteria that may increase the chances of eligibility include:

- User Activity: Number of connections to dApps via the WalletConnect protocol and number of signed transactions.

- Contribution: Participation in blockchain development proposals, use of SDKs, and contributions to open-source projects that have a positive impact on the on-chain ecosystem.

Snapshots for the season's first airdrop were taken on September 1, so only activities carried out before that date will be considered.

Read too WalletConnect Launches WCT Token on Optimism Mainnet

Conclusion

The WCT airdrop is an exciting opportunity for WalletConnect users to earn tokens that will support a better on-chain ecosystem. 

With the launch of this token, WalletConnect aims to empower its community and create a better future through incentives and decentralized governance. 

Make sure to register before the deadline and follow all the necessary steps to increase your chances of earning WCT tokens.

FAQ Regarding WCT Airdrops and Airdrops in General

1. How to claim airdrop on Trust Wallet?

To claim the airdrop on Trust Wallet, follow these steps:

- Open Trust Wallet: Launch the Trust Wallet application on your device.

- Connect your Wallet: Make sure your wallet is connected to the correct network (e.g., Ethereum, Binance Smart Chain) where the airdrop is being distributed.

- Access Airdrop Link: Visit the official airdrop link provided by the project. This link usually directs you to a website where you can claim your tokens.

- Scomplete the Required Tasks: Some airdrops require you to complete certain tasks, such as following social media accounts or joining Telegram groups.

- Claim your Token: After completing the task, you may need to enter your wallet address to receive tokens. Follow the instructions on the website to complete the claim.

- Check your wallet: Once the airdrop is processed, check your Trust Wallet to see if the tokens have been credited.

- For more detailed instructions, you can refer to the Trust Wallet documentation or the community forum.

2. How to claim on-chain airdrop?

To claim an on-chain airdrop, you usually need to follow these steps:

- Ensure eligibility or eligibility: Check the eligibility criteria for the airdrop, which may include owning certain tokens or participating in the project.

- Connect your Wallet: Use a compatible wallet (such as MetaMask or Trust Wallet) and connect it to the blockchain where the airdrop is distributed.

- Visit the Airdrop Website: Go to the official website of the project offering the airdrop.

- Follow Instructions: Follow specific instructions provided on the website, which may include signing messages or completing tasks.

- Claim Token: Once you meet the requirements, you can claim your tokens directly through the website. Tokens will be sent to the connected wallet.

3. What is an airdrop in the NFT game?

Airdrop in NFT gaming refers to the distribution of free non-fungible tokens (NFT) to players or community members. This can have several purposes:

- Promotion Strategy: Airdrops are often used to promote new games or features, encouraging players to engage with the platform.

- Rewarding Loyalty: Existing players may receive an NFT drop as a reward for their loyalty or participation in the game.

- Improve Accessibility: By distributing NFTs for free, developers can increase the accessibility of their games, allowing more players to join without financial barriers.

NFT in-game airdrops can include unique in-game items, characters, or other digital assets that enhance the gaming experience

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Reference:

Gate.io, What Is WalletConnect Token (WCT) and the WCT Airdrop?, Accessed November 26, 2024

Author: IN