Binance officially announced on April 11, 2025, that its Launchpool has welcomed the 67th project—WalletConnect (WCT). As a highly anticipated open-source network protocol, WalletConnect seamlessly connects users to decentralized applications (DApps) through secure and interoperable mechanisms, injecting new vitality into the development of the Web3 ecosystem. According to the official announcement, Binance will officially launch WCT spot trading on April 15, 2025, at 19:00 (UTC+8), opening multiple trading pairs and providing users with the opportunity to participate in mining through Launchpool.
Project Highlights: WalletConnect Empowers the Decentralized Ecosystem
WalletConnect (WCT) aims to break the island effect in the blockchain ecosystem, providing users with a cross-chain, cross-platform connection experience. Its core function is to enable interaction between wallets and DApps through secure protocols, widely applied in decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and other Web3 scenarios. With its openness and compatibility, WalletConnect has become an important part of Web3 infrastructure, attracting widespread attention from developers and users.
According to data provided by Binance, the total supply of WCT tokens is 1 billion, with an initial circulation of 186.2 million tokens, accounting for 18.62% of the total. The Launchpool event will release 40 million WCT, accounting for 4% of the total supply, as rewards for users participating in mining. Additionally, Binance will distribute 10 million WCT in batches through the "Learn and Earn" program to further incentivize users to learn about and participate in the project.
Launchpool Activity: Multi-Pool Mining, Flexible Participation
The Binance Launchpool activity will officially start on April 11, 2025, at 08:00 (UTC+8) and will last for 4 days until April 15, 07:59. Users can participate in mining by staking BNB, FDUSD, or USDC into the corresponding reward pools to earn WCT token rewards. The activity has set up three reward pools, with the specific allocation as follows:
- BNB Pool: Total reward of 34 million WCT, accounting for 85% of total rewards, with a daily distribution of 8.5 million WCT
- FDUSD Pool: Total reward of 2 million WCT, accounting for 5% of total rewards, with a daily distribution of 500,000 WCT
- USDC Pool: Total reward of 4 million WCT, accounting for 10% of total rewards, with a daily distribution of 1 million WCT
To ensure fairness, Binance has set a hard cap on individual rewards for each pool per hour: 35,416 WCT for the BNB pool, 2,083 WCT for the FDUSD pool, and 4,166 WCT for the USDC pool. Users can flexibly allocate their assets to different pools based on their needs and can withdraw or transfer staked assets at any time. It is worth noting that BNB participating in Launchpool can still enjoy standard benefits, such as airdrops and VIP qualification statistics.
Binance will also take multiple random snapshots of user holdings and total holdings in the reward pools every hour to calculate average holdings and reward distribution. Mining rewards will be updated in real-time, and users can claim them to their spot accounts at any time. If the reward pool tokens are mined out, the staked assets and unclaimed rewards will automatically return to the user's account.
Trading Launch: Multiple Trading Pairs to Meet Diverse Needs
Binance plans to officially launch WCT spot trading on April 15, 2025, at 19:00 (UTC+8), with trading pairs including WCT/USDT, WCT/USDC, WCT/BNB, WCT/FDUSD, and WCT/TRY. These trading pairs will be subject to "seed label" trading rules, reminding users to be aware of the potential volatility of new projects. Additionally, spot algorithm orders, trading bots, and spot copy trading features will be gradually enabled after the listing, providing users with diverse trading options.
Ecosystem Support: Integration of BNB Benefits and On-Chain Products
Binance will automatically include BNB from the BNB flexible yield pool, BNB fixed products, and on-chain earning products into the Launchpool mining scope. BNB holdings in these products will be proportionally allocated to ongoing Launchpool projects (if there are multiple). Furthermore, staked Lista BNB (slisBNB) and Lista collateral BNB (clisBNB) in the Binance wallet will also support reward calculations, further enhancing ecosystem synergy.
More detailed content: Binance Launchpool Launches WalletConnect (WCT), Earn WCT by Using BNB, FDUSD, and USDC
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