WCT Coin Premarket Price, This is the Value per Coin!
2025-02-25Bittime - WCT Coin is the native token of the WalletConnect ecosystem. This coin is only available in the premarket now. What is the current premarket price of WCT Coin? Find the answer here!
However, before diving further, it is important to understand what WalletConnect is, how WCT plays a role in the ecosystem, and how you can get this token via airdrop.
What is WalletConnect (WCT)?
Source: The Readable
WalletConnect is an ecosystem that allows users to connect their crypto wallets to various decentralized applications (dApps). This can be done either via the web or mobile app.
Since its introduction in 2018, this platform has become the main solution for solving connectivity problems in the Web3 world.
The technology used by WalletConnect allows users to connect to dApps securely via direct links and encrypted QR codes. With this system, transactions can be carried out faster and more securely, without compromising user privacy.
Read also: What is Wallet Connect: Definition, WCT Token and Airdrop
About WCT Coin
WCT (Connect Token) is the native token of the WalletConnect network designed to support the on-chain UX ecosystem. This token has several main functions, including as a staking tool, reward for users, and as a governance token.
WCT will be issued on the Optimism network, an Ethereum-based Layer 2 solution known for its high speeds and low transaction fees. The total supply of WCT is limited to 1 billion tokens, with distribution as follows:
27% for WalletConnect Foundation.
18,5% allocated for the airdrop program.
The remainder is intended for project teams, incentive programs and network development.
At launch, WCT will not be freely tradeable. This aims to maintain ecosystem stability and ensure tokens are only used for network development purposes.
However, later WCT holders will be able to vote regarding this token transferability policy.
How to Participate in Airdrop WalletConnect (WCT)
WalletConnect provides an airdrop mechanism for eligible users. As much as 18.5% of the total WCT supply will be distributed through several airdrop seasons.
On Season 1, as much as 50 million WCT (5% of total supply) will be distributed, with details:
- 40 million WCT for users.
- 10 million WCT for project contributors.
How to Register for WCT Airdrop
So that You can participate in this airdrop program, here are the steps:
- Visit the official airdrop website at airdrop.walletconnect.network.
- Make sure you access the official site to avoid fraud.
- Click "Register Here" at the bottom left of the page.
- Choose "Connect Now" to connect your crypto wallet.
- Select a WalletConnect compatible wallet and connect.
- Once connected, sign the message to confirm wallet ownership.
- Once this process is complete, your airdrop profile will be created.
- You can also link a GitHub account or add additional wallet addresses.
Read also: What is WCT Airdrop? What Do You Need to Know to Participate?
Current WCT Coin Premarket Price
Source: KuCoin
Before being officially launched to the public, WCT Coin has started trading in the premarket market on KuCoin. Here is some of the latest data on WCT prices in the premarket market:
- Last Trade Price: $0.38 (around Rp. 6,194).
- Lowest Price: $0.356 (around IDR 5,803).
- Highest Offer: $0.325 (around Rp. 5,298).
- Average Price: $0.4714 (around Rp. 7,687).
These premarket prices provide an initial idea of WCT's potential value before it enters the broader market. However, as with any crypto investment, this price can fluctuate depending on demand and project development.
Conclusion
WCT Coin is a promising token in the WalletConnect ecosystem. This token has an important role in governance, staking, and network development.
With a limited total supply and an interesting airdrop mechanism, WCT is a project worth paying attention to. For those of you who want to participate in the airdrop, make sure to register before the specified time limit.
Additionally, WCT's premarket price shows attractive potential for investors. However, still do careful research and consideration before investing in crypto assets.
FAQ
1. What are the main functions of WCT Coin?
WCT Coin is used for staking, rewards, network governance, as well as as part of the WalletConnect ecosystem.
2. How to get free WCT Coin?
Kamu You can get WCT Coin through the airdrop program held by WalletConnect. Make sure you meet the requirements and register before the deadline ends.
3. When can WCT Coin be traded?
Currently, WCT cannot be traded freely. WCT holders will decide when these tokens can be traded through a voting mechanism.
4. What is the total supply of WCT Coin?
The total supply of WCT Coin is 1 billion tokens, with certain allocations for network development, project teams, and airdrops.
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Reference
CoinGecko, What Is WalletConnect Token (WCT) and the WCT Airdrop?, accessed February 25, 2025.
KuCoin, WCT WalletConnect, accessed February 25, 2025.
Author: Y
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