WalletConnect Launches Airdrop Season with 50 Million Tokens for 160K Users
WalletConnect has launched its highly anticipated Airdrop Season, distributing 50 million tokens to over 160,000 users, developers, and contributors. The airdrop is designed to reward active participants and engage the community in network governance. Starting December 19, users will be able to stake their non-transferable tokens for rewards, with staking periods ranging from one week to two years.
How the Airdrop Works
The allocation of tokens was based on participants' on-chain activity, GitHub contributions, and overall network involvement. In an effort to minimize transaction costs and encourage fairness, WalletConnect will subsidize gas fees for users, ensuring that rewards are accessible to everyone.
Out of the 50 million tokens distributed, 30 million tokens are earmarked for users who met activity-based qualifications, while 20 million tokens were allocated to early donors and node operators.
Staking Tokens for Rewards
Participants in the Airdrop Season can stake their tokens to earn rewards, promoting active participation in WalletConnect’s community-driven governance. This initiative aims to expand the WalletConnect ecosystem, which enhances accessibility across devices by connecting wallets to decentralized applications (dApps).
By incentivizing token staking, WalletConnect is not only rewarding users for their contributions but also strengthening its network and governance model. This airdrop is a crucial step in growing WalletConnect’s ecosystem and encouraging broader adoption.
Key Points:
- WalletConnect's Airdrop Season allocates 50 million tokens to 160,000 users.
- Participants can stake their tokens for rewards starting December 19.
- Tokens are distributed based on user activity, with incentives aimed at fostering community governance.
About WalletConnect
WalletConnect is a decentralized protocol that enables users to connect their wallets to dApps across different devices, enhancing accessibility and user experience in the crypto ecosystem.
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