WalletConnect is an open-source protocol that provides secure connectivity to decentralized applications (dapps) and simplifies interaction with smart contracts. On September 17, the project team announced the release of Connect Token (WCT), the native token of the WalletConnect Network. The latter, according to the developers, is a “user experience-oriented ecosystem.” According to them, registration for airdrop participants will open on September 24, and the selection “will be based on the use of WalletConnect.”

The initial supply will be capped at 1 billion coins, of which 18.5% (185 million) will be distributed during the first airdrop season. The recipients of the airdrop will be WalletConnect end users who have interacted with various wallets, applications, nodes, and development kits, as well as “communities that have contributed to the project.”

To participate in the airdrop, you need to register by connecting a wallet, linking a GitHub account and providing an email, noted Reown CEO Jess Holgrave.

The distribution of coins within the first season will end on October 11. The WCT token can be used for staking, as well as for on-chain voting on issues of ecosystem development.