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News

WalletConnect Airdrop Season Begins With 50 Million Tokens

November 27, 2024 - Around 2 mins mins to read

Key Points:

  • WalletConnect Airdrop Season allocates 50M tokens to 160K users, rewarding active network participants.
  • Users can stake tokens for rewards starting Dec. 19.
WalletConnect Airdrop Season starts with 50M tokens for 160K users. Participants can stake non-transferable tokens for rewards, fostering network governance.
WalletConnect Airdrop Season Begins With 50 Million Tokens

WalletConnect Airdrop Season Begins for 160K Eligible Users

WalletConnect launched its first airdrop season, giving 50 million tokens to over 160,000 users, builders, and contributors. Participants can participate in governance by staking tokens for one week to two years, with incentives commencing on December 19.

Users’ on-chain activity, GitHub contributions, and network involvement were scored to assign the non-transferable tokens. According to The Block, WalletConnect subsidizes gas fees to minimize transaction costs and promote fairness.

Read more: Scam Wallet App Impersonating WalletConnect Stole Over $70,000

Staking Tokens in WalletConnect Airdrop Season Offers Rewards

Participants in the WalletConnect Airdrop Season can stake tokens for incentives, demonstrating the project’s community-driven governance. This season granted 50 million tokens: 30 million to activity-qualifying users and 20 million to early donors and node operators.

User accessibility across devices is improved via the WalletConnect protocol, which connects wallets to dApps. This airdrop expands the WalletConnect ecosystem by delivering incentives to adopt and strengthen governance.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Airdrop Season

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