WalletConnect Token lands on Solana with WCT AirDrop

WalletConnect Token (WCT) is launched Solanaset with 5 million WCT to be inherited to the active users of the blockchain.

The launch of WCT as a Multichain -Token is intended to open WalletConnect for new users and liquidity, and applications in the Solana Ecosystem.

The WCT -token powers and governance in the WalletConnect network and will be used for reimbursements and rewards in the future. Current estimates suggest that around 145,000 Hold WCT – a figure that is expected to rise, since it is now expanding to a blockchain with more than 100 million monthly active portfolios.

In a statement shared with DecryptWalletConnect Foundation founder and director Pedro Gomes said that the platform has made a joint shift in recent years to become a “chainagnostic protocol”, after the “very Ethereum-Centric” start.

“It makes sense that WCT, the native token, is also a multichain token,” Gomes added. “In recent months, WalletConnect has worked closely with Solana teams and I am constantly impressed by the builders, the community and the energy of the Solana Ecosystem.”

CCO and co-founder of Wormhole Foundation Robinson Burkey said that the expansion of WCT is “a clear signal builders and users want to liquid, warning movement between ecosystems.”

“A trip with Multichain”

Further chain integrations are “already under development” while WalletConnect builds its roadmap and as the indigenous token becomes more available, new governance functions and token-based stimuli will be revealed to give the community a greater role in the future.

This newest AirDrop is also hot on the heels of 50 million WCT that is distributed last year under WalletConnect users.

Several prominent Solana apps are already dependent on the infrastructure of WalletConnect -including lending platform storing, eternal futures -exchange, and Defi Kamino Finance Protocol.

Figures from the protocol suggest that since the launch has facilitated more than 278 million connections since the launch in 2018, together with 45 million unique active portfolios.

In a statement shared with DecryptWalletConnect said that the arrival on Solana “is the start of a Multichain trip” that will build on its track record of making “secure and seamless connections” between apps and portfolios.