WalletConnect, a platform that connects web3 wallets with dApps, organizes an airdrop campaign for all web3 enthusiasts. The campaign’s registration began in September this year, and tomorrow, November 26th, the eligibility checker, claim, and stake will go live.
With 150 million users and 40,000 projects, WalletConnect is one of the most successful platforms of the niche. This article will get into its airdrop campaign in detail.
Who All Are Eligible for the WalletConnect Airdrop?
Only the selected users from the registered profiles will be able to receive the airdrop. The eligibility is based on the activity of the user, including the connections, transactions, and other contributions. The assessment is done by taking screenshots of the user’s activity.
Contributions to advanced projects like CAIPs, EIPs, Ethereum SDKs, and non-EVM SDKs will increase your chance of getting recognized. You should connect your GitHub account to your WalletConnect profile to increase the eligibility probability.
Key Dates: The Timeline of WalletConnect Airdrop
The registration time is over, and those who missed it should wait for Season 2. Since the coin has no withdrawal option as of now, you should stake or participate in acririvyies inside the WalleyConnect. Here are some key dates:
- 24 September 2024: The registration for the airdrop began on September 24. Users connected their wallets to register and build their profiles.
- 18 October 2024: The last date for registration. If you missed the deadline for this airdrop, they have more on the way.
- 26 November 2024: The date to check and claim the airdrop. You can visit the official airdrop page to verify whether you are selected or not.
How to Claim WalletConnect Tokens?
- If you have completed the registration process, visit the official website of WalletConnect and navigate to the airdrop page. Connect your wallet and approve the signature request.
- In your dashboard, you will see if you are eligible or not. Eligible users can tap “claim” to initiate the WCT transaction.
What is WalletConnect?
Launched in 2018, WalletConnect is a decentralized network that acts as a bridge between decentralized applications and your wallet. You can access the network either via a PC or a smartphone.
Various apps have integrated WalletConnect where the user can connect their profiles by scanning a QR code. If you are trying to access the platform via a PC, make sure you scan via your mobile wallet login.
WalletConnect’s WCT Token Details
WCT is the native token of the WalletConnect Network, mainly used for governance, rewards, staking, and fees. Those who HODL the tokens will be able to participate in all these activities as well as the voting.
Around 18.5% of WCT tokens are allocated for the airdrop campaigns. Also, there is a 17.5% allocation for various other rewards, including the staking interest. The highest allocation (27%) is for the WalletConnect Foundation.
How to Withdraw WCT Tokens to Your Wallet?
WCT Token is non-transferable. Hodlers will not be able to transfer their tokens to other wallets. So, it cannot be swapped or sent to an exchange to cash out. It is a coin designed solely for the internal functions of WalletConnect. However, the roadmap suggests that in the future we will be able to transfer the coins to external wallets.
Final Thoughts: Is it a Credible Airdrop?
WalletConenct’s airdrop allows you to participate in the platform’s activities without spending a penny. It is similar to a testnet airdrop without the effort. The engagement with this campaign will generate significant returns for you. Also, the reputation of WalletConenct around the crypto environment makes it a credible airdrop.
All that said, deep research should be done before engaging with any web3-based app. Even a reputed platform with a mainstream atmosphere can engage in fraudulent activities. So, DYOR, and always engage with blockchain technology with proper precautions.