The WalletConnect Foundation, established in 2024, is dedicated to creating a public and decentralized onchain UX ecosystem that is supported and rewards its community of creators and users. The WalletConnect Foundation promotes the growth, security, and decentralization of the WalletConnect Network and accelerates the mission of building an onchain future. At the time of its creation, the foundation's team included Pedro Gomes (Foundation Director) and Jakub Zakrzewski (Executive Director).

• Token Name: WalletConnect (WCT)
• Total Token Supply: 1,000,000,000 WCT
• Launchpool Token Rewards: 40,000,000 WCT (4% of the total supply)
• Smart Contract Information: OP Mainnet
• Staking Requirements: KYC required.

Project Website | Whitepaper | Twitter | Telegram | Detailed Terms

How to participate

Here is a step-by-step guide to participating in Binance Launchpool projects.

Via the website

1. Go to Binance.com.

2. In the top menu, click on the "More" button and select the "Launchpool and Launchpad" section.

3. Then scroll down and click "More" again to participate in the respective project.

4. Next, select "FDUSD Pool" or "BNB Pool" and enter it.

5. Then click the "Staking" button, specify the desired amount, and confirm.

Through the mobile application

1. Download the official Binance.com exchange app.

2. In the main menu, press the exchange logo button and enter the menu.

3. Then press "Launchpad" or "More Services" to find this section.

4. Next, select "FDUSD Pool" or "BNB Pool" and enter it. After that, click the "Start Staking" button, specify the desired amount, and confirm.

Terms

Users will be able to lock their BNB, FDUSD, and USDC to receive WCT distributions over four days, with farming starting on 2025-04-11 at 03:00 (MSK).

Supported Pools

BNB Staking: 34,000,000 WCT as rewards (85%).

FDUSD Staking: 2,000,000 WCT as rewards (5%).

USDC Staking: 4,000,000 WCT as rewards (10%).

User balance snapshots and total pool balances will be taken multiple times at random intervals every hour to calculate average hourly balances for users and determine their rewards. User rewards will be updated hourly.

Users will be able to accumulate their rewards (calculated hourly) and withdraw them at any time directly to their spot accounts.

Users who have locked their BNB in flexible or locked products, including Binance BNB Simple Earn and On-chain Yields products, will automatically participate in Launchpool and receive new token rewards.

The listing will take place after the pool ends; all accrued tokens can be sold immediately when the listing starts. Pools in USDC (FDUSD) are completely RISK-FREE. If you are a holder of BNB (Binance exchange token), you should definitely participate!

Results

Actual profit may vary, as the value of the coins you receive from the pool will fluctuate. Some users prefer to sell their coins at the current price daily, while others may realize them at the end of the term or even keep them in their portfolio. The coin price can both decrease and increase.

For example, you may sell the coin daily at a price of $1, while later someone else might sell it at $2, or conversely, at $0.5 per coin. In this matter, everyone makes their own decision. As practice shows, it is usually better to sell free coins received from pools immediately after they are credited, or at the start of the listing if the coin will be available for sale after the pool ends.

Based on the results of staking, we record the following outcomes:

APR (Annual Percentage Rate) is the annual interest rate that shows the basic return on investment without taking into account the effect of compound interest. In the context of crypto investments, APR represents a simple percentage of the principal amount that you will receive over the course of a year.