The price of WalletConnect’s Token WCT has risen by more than 27% in the last 24 hours, after a series of high -profile exchange lists.
WalletConnect (WCT) has risen more than 27%, currently traded at $ 0.40, with a 24-hour trade volume of more than $ 910 million, an increase of 1700% in this period. The project was launched on April 15 and achieved the headlines with fast offers by large stock exchanges, including Binance” Crypto.com” Upbit” Crack” Mexc” Port.io” Kucin” OKX” BiteAnd Bithumb.
The WCT -token debuts on exchanges 7 years after the launch of the project in 2018. told the block.
WalletConnect is a web3 communication protocol that makes safe connections possible between crypto portfolios and Dapps. This allows users to link their portfolios to Dapps via a QR code or deep links. Once connected, Dapps can ask users to approve transactions or to perform actions directly through their portfolios.
WCT has a fixed stock of 1 billion tokens. Important allocations include 27% to the WalletConnect Foundation for ecosystem development, each 18.5% for the team and the airdrops, 17.5% for deploying and performance reids, 11.5% for early donors and 7% for core development of the protocol.
Initially launched in September last year, WCT tokens were non-transferable, although holders could still participate in governance and bets. Transferability was enabled On April 15 at the official launch on spot markets, which was commemorated with the launch of “The Creation of WCT” NFT.
