The WalletConnect Network is the connectivity network shaping the future of onchain UX.

The onchain world is bursting with innovation and promise for the next version of the internet, yet, it’s faced one major problem since its inception: it was designed for the many, but built for the few.

Enter WalletConnect. Since 2018, WalletConnect has been the cornerstone of connectivity in web3, providing a bridge between wallets and apps to give users simple and secure ways to connect to the onchain economy. It is the core connectivity layer for over 220 million connections spanning more than 35 million users across the globe, and today, facilitates over 20 million monthly connections for more than 5 million monthly users.

But the journey doesn’t stop there. The WalletConnect Network is evolving into a permissionless ecosystem powered by the WalletConnect Token (WCT) and its 35-million-strong community. Supported by leading global node operators such as Consensys, Reown, Ledger, Kiln, Figment, Everstake, Arc, and Nansen, the network is becoming more secure, scalable, and decentralized than ever before. With WCT at the heart of the network, WalletConnect is introducing a robust, community-led infrastructure designed to decentralize connectivity and revolutionize onchain UX.

The WalletConnect community plays a critical role in the WalletConnect ecosystem, and it’s imperative they’re involved in every step of the mission. That’s why the Token Community Round is an early access invitation to the WalletConnect community for WCT at a fair valuation in line with recent private offerings and without a lock-up period.

• Revolutionizing Onchain Connectivity: The WalletConnect Network is the open-source network powering more than 220 million seamless and secure connections for over 35 million users, bridging over 54,000 apps to 600+ wallets across all chains.
  
  
• Shaping the Future of Onchain UX: WalletConnect’s role in web3 today is paramount to the wider space’s future. As the industry’s go-to bridge for app-to-wallet connectivity, WalletConnect drives and facilitates impactful developments and standards across the ecosystem in partnership with top players to radically improve industry UX.
  
  
• Utility-Powered Token: The WalletConnect Token (WCT) is at the heart of the network, enabling fees, staking, governance, and rewards, creating an incentive structure that benefits users and developers alike, and enables the WalletConnect community to contribute to the function and success of onchain UX.
  
  
• Leading global backers: WalletConnect is backed and supported by leaders within and beyond the industry. With 16 top-tier node operators such as Consensys, Reown, Ledger, Kiln, Figment, Everstake, Arc, and Nansen, WalletConnect ensures a resilient, scalable, and decentralized foundation for its network.

The initial supply of WCT is capped at 1 billion, with allocations designed to support the Network's growth and sustainability. These allocations include:

• WalletConnect Foundation (27%): For partnerships, grants, ecosystem development, and operations
• Airdrops (18.5%): For seasonal airdrops to users, apps, wallets, nodes, etc.
• Team (18.5%): For team members
• Rewards (17.5%): For staking and performance rewards
• Backers (11.5%): For those who provided resources and support to the early-stage Network
• Core Development (7%): For further development of the protocol and related modules

The WalletConnect Token (WCT) is integral to the WalletConnect Network, fueling the onchain UX ecosystem by empowering its community of users, apps, and wallets to contribute to a better onchain future through shared incentives.

The token has four key functions:

1. Fees: WCT will be used to pay for network services, ensuring long-term sustainability. Initially, the network won't have a fee structure; however, as it matures, the community may introduce fees through governance mechanisms. The proposed model envisions a Monthly Active User (MAU) fee structure for connection services.
2. Rewards: 17.5% of the initial WCT supply is allocated to incentivize network participants over the first few years. Rewards will be distributed to community contributors, including wallet providers and node operators, based on performance factors like uptime and latency.
3. Staking: WCT holders can stake their tokens to support network stability and sustainability, earning rewards in return. Staking rewards come from a portion of the general reward pool. Rewards increase with longer commitments and larger stakes, with mechanisms in place to prevent over-concentration.
4. Governance: WCT enables holders to participate in the network's governance, allowing them to propose, discuss, and decide on key decisions, such as fee structures and reward allocations. This community-driven approach ensures that the network evolves in line with the interests of its participants.

The WalletConnect Ecosystem is made up of:

And supported by global leaders:

The WalletConnect Network today plays a critical role as the centerpiece of connectivity for web3, connecting apps and wallets and providing fundamental communication channels for almost all projects and tools within the onchain economy to enable millions of users to connect to the decentralized world.

The network began its decentralization roadmap in 2023 with its first major technical upgrade to v2 of the network. In 2024, it entered the next phase through the introduction of node operators. The network is taking a phased approach to decentralization:

This content is for informational and educational purposes. It does not constitute legal or financial advice. It does not purport to contain all information that may be material to a participant's decision to interact with the WalletConnect Network or acquire tokens. This content contains forward-looking statements, projections, and estimates regarding future performance, plans, and strategies which are subject to change and factors outside of WalletConnect's control. Interaction with the Network and use of tokens may involve risks such as regulatory changes, technology risks, market fluctuations, and other events. Participants should fully understand and accept these risks and conduct additional research and diligence before making any decisions.

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