$3 Million WalletConnect Token Airdrop Now Live for Solana Users

Eligible Solana users can now claim their WalletConnect Tokens (WCT), as announced by Pedro Gomes, Founder and Director of the WalletConnect Foundation, on social media. This activation follows earlier preparations for the distribution of 5 million WCT, valued at approximately $3 million based on recent market prices. The move signifies a major expansion for WCT, making it a truly multichain token.

The WCT airdrop is specifically targeted at active participants within the Solana ecosystem. Key partners such as Phantom, Jupiter, Backpack, and Solflare are collaborating with the WalletConnect Foundation to identify eligible users and facilitate the distribution of these tokens. This initiative aims to reward engaged community members and further integrate WCT into the vibrant Solana network.

WalletConnect Token (WCT) serves as the native token for the WalletConnect Network, a decentralized protocol connecting crypto wallets with decentralized applications (dApps). WCT plays a crucial role in powering this ecosystem by supporting governance, incentivizing participation, and enabling access to premium network features. Its expansion to Solana follows previous launches on Ethereum and Optimism.

The technical foundation for this cross-chain interoperability is Wormhole’s Native Token Transfers (NTT) framework. This technology allows WCT to move seamlessly and natively across Ethereum, Optimism, and Solana without the need for wrapped tokens, maintaining its integrity across all supported blockchains. Pedro Gomes emphasized that this expansion underscores WalletConnect's commitment to becoming a chain-agnostic protocol.

The WalletConnect Foundation has allocated these 5 million WCT tokens as part of a larger 185 million WCT reserve designated for airdrops, with the overall token supply remaining at 1 billion WCT. This is the second major WCT airdrop, building on a previous distribution of 50 million WCT to early contributors across the WalletConnect ecosystem. The current claim process is expected to enhance user engagement and utility within the Solana dApp landscape.