Binance, the world’s main cryptocurrency alternate, has announced WalletConnect as the subsequent venture to be featured on their Binance Launchpool staking platform.
Customers might be in a position to earn WalletConnect (WCT) tokens on Binance by staking their BNB, USDC or FDUSD between April 11 at 0:00 AM UTC and April 14 at 23:59 UTC. Customers might be in a position to withdraw the staked cash at any time, whereas nonetheless maintaining their WCT token rewards.
4% of the full WCT token provide might be distributed to customers on the Launchpool – that quantities to 40 million WCT tokens out of the 1 billion complete token provide.
The BNB staking pool will obtain 85% of those rewards, whereas the USDC staking pool will obtain 10% and the FDUSD staking pool will obtain 5%. It ought to be famous that the quantity of WCT you earn is determined by how large your stake is, relative to the scale of your entire staking pool.
There may be additionally an hourly cap in place, dictating how a lot WCT customers can earn in an hour – for BNB stakers it’s 35,416 WCT per person, whereas the cap for USDC is 4,166 and the cap for FDUSD stakers is 2,083 WCT.
After the top of the WalletConnect Launchpool marketing campaign, WCT might be listed on Binance on April 15 at 11:00 UTC in buying and selling pairs in opposition to USDT, BND, FDUSD, USDC and TRY.
Introducing @WalletConnect on Binance Launchpool!
Farm $WCT by Locking BNB, FDUSD and USDC.
Extra info 👉 https://t.co/bexgxNS05D pic.twitter.com/3PjU8F0wRm
— Binance (@binance) April 10, 2025
What’s WalletConnect (WCT)?
WalletConnect is a really effectively established crypto venture that gives customers a easy approach to join their cryptocurrency wallets to decentralized functions. WalletConnect’s infrastructure can work with many various kinds of blockchains, and is operational throughout ecosystems corresponding to Ethereum, Ethereum layer 2 platforms, Bitcoin, Solana, Cosmos, Polkadot and others.
In 2024, the venture established the WalletConnect Basis and introduced plans to launch a token with the objective of decentralizing the WalletConnect community. The WCT token is designed to play a key position within the onchain UX (person expertise) ecosystem, giving customers the power to affect the longer term route of the venture.
The WCT token is used as the principle reward mechanism of the WalletConnect community, offering an incentive for the community to stay safe and secure. WCT holders can stake their tokens to achieve entry to the venture’s governance system and get the power to vote on key venture selections. Doubtlessly, WCT holders may additionally obtain charges collected by the WalletConnect community, as a charge mannequin could possibly be launched to guarantee long-term financial sustainability.
WCT will launch with a complete provide of 1 billion, and the present tokenomics mannequin doesn’t embrace inflation. Nevertheless, it is doable {that a} token inflation mechanism could possibly be launched sooner or later through governance.
If you want to study in regards to the WalletConnect Community and the WCT token intimately, we advocate you check out the venture’s official whitepaper.
How to earn WCT tokens on Binance Launchpool
If you need to earn WalletConnect farming rewards, you’ll want a Binance account.
Please remember the fact that solely customers who full an id verification course of with Binance are eligible to take part in WCT token farming on Binance Launchpool.
As soon as your account is prepared, you’ll want some BNB, FDUSD or USDC tokens to stake. When you already personal these tokens, you’ll be able to deposit some to your Binance account. In any other case, Binance presents loads of methods to purchase them with crypto or fiat.
After your account is verified and loaded with BNB, FDUSD or USDC, go to the menu on the highest aspect of the Binance interface and choose “Extra.” Then, go to “Launchpool.”
Then, discover the out there farming swimming pools. Relying on which tokens you need to stake, choose the BNB, FDUSD or USDC. Then, comply with the directions offered by the alternate.
Please remember the fact that the screenshot beneath is from a earlier Launchpool venture, since Binance hasn’t up to date their web site but to embrace the WalletConnect Launchpool on the time of writing this text.
As a ultimate word, right here’s a fast breakdown of key dates and details about the WalletConnect Launchpool marketing campaign:
| WalletConnect (WCT) Launchpool | |
|---|---|
| Begin Date | April 11 2025, 00:00 UTC |
| Finish Date | April 14 2025, 23:59 UTC |
| Itemizing Date (Pre-Market) | April 15 2025, 11:00 UTC |
| BNB Pool Each day Rewards | 8,500,000 WCT |
| FDUSD Pool Each day Rewards | 500,000 WCT |
| USDC Pool Each day Rewards | 1,000,000 WCT |
| Whole WCT Rewards | 40,000,000 WCT |
