Key Takeaways:
- WalletConnect (WCT) is joining Binance Launchpool.
- By locking BNB, FDUSD, or USDC for four days, users can farm WCT.
- On April 15, 2025, WCT will be listed in five trading pairs on Binance Spot.
Binance Launchpool welcomes WalletConnect (WCT) as the 67th project. WalletConnect is an open-source protocol that allows users to connect with decentralized apps (dApps) in a seamless, secure, and interoperable way. Starting April 11, 2025, users can earn WCT by locking BNB, FDUSD, or USDC for four days.
WCT will provide the following trading pairs: WCT/USDT, WCT/USDC, WCT/BNB, WCT/FDUSD, and WCT/TRY. The token will bear Binance’s Seed Tag, which is typically reserved for early-stage, high-potential projects.
How WCT Farming Works
The WCT farming campaign allows users to lock up their crypto assets in one of the three supported Launchpool pools:
- BNB Pool: 85% of rewards, 34,000,000 WCT
- FDUSD Pool: 5% Rewards (2,000,000 WCT)
- 10% of the rewards (4,000,000 WCT) will go to the USDC pool.
Farming will start at 00:00 UTC on April 11 and end at 23:59 UTC on April 14, during which 10,000,000 WCT will be distributed daily. Rewards are distributed hourly based on user and pool holdings. Here’s the daily breakdown:
- BNB Pool: 8,500,000 WCT/day
- FDUSD Pool: 500,000 WCT/day
- USDC Pool: 1,000,000 WCT/day
Binance will impose hourly limits, per user:
- 35,416 WCT via BNB
- 2,083 WCT via FDUSD
- 4,166 WCT via USDC
For convenience, users can claim rewards directly to their Spot Wallets whenever they want, and at the end of the farming period, all unclaimed rewards will be transferred.
Token Info & Distribution
WalletConnect has a total token supply of 1 billion WCT, with 4% (40 million WCT) allocated for Launchpool rewards. We will also distribute 10 million WCT through a Learn & Earn campaign. At launch, there will be 18.62% (186.2 million WCT) circulating.
WCT is currently deployed on OP Mainnet at the contract address 0xeF4461891DfB3AC8572cCf7C794664A8DD927945. The listing fee for the token has been waived by Binance.
The page will be ready on Binance’s Launchpool for 12 hours before the campaign kicks off, while research report for WCT should be ready within the next 24 hours.
This is especially good news for BNB holders. This means that users with BNB stored in Flexible Products and Locked Products (which includes Simple Earn and On-Chain Yields) will be automatically enrolled in Launchpool and automatically receive rewards without additional effort.
The Launchpool reward calculation will also consider the staked BNB on Lista (slisBNB or clisBNB) in the Binance Keyless Wallet. This brings an additional layer of convenience, especially for passive investors.
Plus, you’ll still receive standard benefits of a BNB holder, including airdrops and VIP perks while participating in Launchpool.
Trading Bots, Copy Trading, and Integration Tools
Binance will immediately support Spot Algo Orders of WCT pairs upon launch. Spot Copy Trading and Trading Bots will be implemented within 24 hours. Users managing Spot Copy Trading portfolios can add WCT pairs by updating their Personal Pair Preferences.
Limits on Compliance and Participation
Regional Restrictions for WCT Launchpool Participation Regulatory restrictions prevent eligible users from Australia, Canada, the United States (and its territories), Japan, Iran, North Korea, and a handful of others. Binance notes that the list could change as regulators catch up.
To access Launchpool features, users are also required to complete their Binance KYC verification and upgrade their mobile application to version 2.89.0 or above. It noted that tokens can only be staked in a single pool, but users can split their assets across separate pools.
The platform also cautioned against fraudulent advertisements claiming to sell WCT tokens ahead of April 15. Any such offers are false advertising and users are advised to conduct proper due diligence to protect their funds.
More News: Binance Leverages New Launchpool Model for Improved Airdrop Experience
