WalletConnect, an open-source protocol, has announced its first airdrop. 50 million WalletConnect Tokens (WCT) will be shared with more than 160,000 eligible users. The goal of this airdrop is to allow community participation in network management and provide an opportunity for token staking. WalletConnect is a protocol that connects users to decentralized applications (dApps) through QR codes or links.
This is particularly useful for mobile users, as it eliminates the need for copying addresses or switching between devices. After connecting, the dApp automatically requests transactions or approvals from the wallet. For the first airdrop season, 30 million tokens will be given to users who have registered and met specified activity conditions.
Additionally, 20 million tokens will be awarded to key network contributors, such as node operators and early GitHub contributors. Tokens are initially non-transferable but can be staked for a period of seven to two years. Rewards distribution will begin on December 19. To be eligible for the airdrop, users had to create a profile, join the WalletConnect network with a wallet, and demonstrate network activity before the airdrop snapshot.
WalletConnect implemented a scoring system to ensure fair distribution based on network and on-chain activity. This first airdrop marks a significant step towards decentralized governance for the project, encouraging community involvement and fostering growth in the protocol’s dedicated user base.
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