WalletConnect Token WCT expands to Solana! 5 million Airdrop to active users

WalletConnect native token WCT will be on the chain Solana and is expected to airdrop 5 million tokens worth about $3 million to active users. (Synopsis: WalletConnect cooperates with US “sanctions against Russian IP”, community dissatisfaction censorship: it’s time to find a replacement) (Background supplement: Real data of 10 projects: Binance Wallet IDO Project Survival Report) WalletConnect native token WCT has been officially extended to the Solana blockchain, with plans to airdrop 5 million WCT tokens to active Solana users. WCT Expansion and Airdrop Details The integration makes Solana the third blockchain to support the WCT token after Optimism and Ethereum. The WalletConnect Foundation announced 5 million WCT airdrops based on WCT’s current value of approximately $0.60, for a total value of approximately $3 million. The airdrop is part of a total of 185 million WCTs reserved by the Foundation for the airdrop last September and the second major WCT airdrop after last November’s 50 million tokens airdrop to the WalletConnect community. Airdrops will be distributed through partners such as Phantom, Jupiter, Backpack, and Solflare, with eligibility, distribution timeline, and application instructions expected to be announced this summer. Technical Framework and Eco-Efficiency The core of WCT’s extension to Solana is the adoption of Wormhole’s native token transfer (NTT) framework. Use the “burn and reminting” (burn-and-mint) model to ensure that WCT is natively transferred between different chains and maintain a consistent total supply, rather than the traditional wrapper token (wrapped token) model. The move is expected to result in faster transaction speeds and lower transaction costs for Solana users, improving the ease of use of WalletConnect in the Solana app. In addition, the integration of WCT in the Solana ecosystem also provides the possibility of implementing WCT-related governance and staking functions on Solana in the future. Many of the major applications in the Solana ecosystem, such as Backpack, Drift, Kamino and Marinade, have supported WCT tokens through AppKits developed by Reown (WalletConnect Inc. ), and are expected to open up related trading, staking and governance functions in the future. As more chains are integrated, WalletConnect is consolidating its key position as a Web3 cross-chain infrastructure. Related reports Jump Crypto wallet received 2 million $SOON, or will become a market maker; Binance will soon launch perpetual contract MetaMask in May will support the Solana network’s “first step into non-EVM chain” MetaMask out of Ethereum’s comfort zone 〈WalletConnect token WCT expands to Solana! 5 million airdrops to active users" This article was first published in BlockTempo’s “Dynamic Trend - The Most Influential Blockchain News Media”.