🧐 The 'King of Connectivity Layers' in the Web3 ecosystem | Binance Launchpool 67th project @ WalletConnect full analysis and price prediction—— As the connection protocol with the largest user base and widest application scenarios in the Web3 ecosystem, WalletConnect's landing on Binance is not only a milestone in its tokenization process, but also marks the transition of blockchain infrastructure from "functional perfection" to "user experience revolution". This is also the first new project on the Connect Protocol circuit to be listed and hit; At the moment when the meme currency foam and false narrative flooded the market, WalletConnect showed the ultimate confidence of the 7-year infrastructure giant of Web3 with 45 million real users, 61000 DApp access, and 600+wallet covered hard core data. Friends who hold BNB, FDUSD, and USDC, don't forget to deposit them into Launchpool. There are still 2 days left for mining. This article will comprehensively analyze from the following aspects—— 1) How does WalletConnect reshape the Web3 connectivity experience? 2) Why is WalletConnect difficult to replace? 3) WalletConnect's Economic Token Model 4) Online price estimation one ⃣ WalletConnect - the 'Connection Revolutionary' of the Web3 ecosystem WalletConnect is a standardized connection protocol for decentralized applications and encrypted wallets, which enables seamless and secure interaction across chains and devices through QR code scanning or deep linking. This innovation has now become an industry standard. Its core narrative—— 1) Web3's "connection layer infrastructure": Like the TCP/IP protocol of the Internet, WalletConnect builds a common language between the wallet and DApp, which solves the pain point of the blockchain's long-term "fragmented connection". 2) Decentralized governance transformation: The WalletConnect Foundation will be established in 2024 to promote the upgrade of protocols from "centralized relays" to "permissionless node networks", with WCT tokens becoming the core tool for governance and incentives. 3) Capturing the growth dividend of Web3 users: As a DApp traffic entry point, the WalletConnect protocol is embedded in top wallets such as MetaMask and Trust Wallet, indirectly reaching hundreds of millions of users and possessing the potential valuation logic of "Protocol-as-a-Service". As an open source protocol, since its inception in 2018, WalletConnect has facilitated over 275 million connections, served 30 million users, covered over 600 wallets and 40000+dApps, and processed 20 million connection requests per day, far exceeding similar projects and becoming an indispensable infrastructure for decentralized ecosystems. As a result, it has also been favored by capital, with Series A funding of $11 million (led by USV and 1kx) and Series B funding of $13 million (with participation from Shopify and Kraken), raising a total of $24 million in financing. two ⃣ Technological moat: why WalletConnect is difficult to replace? Real needs forge a value moat, and WalletConnect's technological advantages are reflected in four dimensions—— 1. End to end encryption and anti censorship architecture In 2024, WalletConnect Network will be launched, which will be distributed and deployed by third-party node operators to eliminate a single point of failure. All communication is transmitted through symmetric encrypted channels, and the private key only exists on the user's local device, completely eliminating the risk of man in the middle attacks. The current historical attack accident rate is 0. 2. Cross chain interoperability engine WCT supports multi chain ecosystems, achieving a "one-time connection, full chain universal" experience, supporting different account models such as EVM, Cosmos, UTXO, seamlessly connecting emerging assets such as Bitcoin Ordinals and Solana NFTs, greatly reducing the operational threshold for users in multi chain environments. 3. Modular architecture WCT adopts a modular design that decouples connection, signature, and data transmission functions. Developers only need to integrate the SDK once to support all WalletConnect compatible wallets, and the adaptation cost can be reduced to 1/20 of competitors. 4. Ultimate optimization of user experience Compared to traditional wallets that require an average of 15 seconds for installation and import, WalletConnect lowers the threshold for DApp usage to a "novice level", allowing for a 1-second scan to connect. It supports automatic reconnection and multi device synchronization when disconnected, avoiding the hassle of duplicate authorizations. three ⃣ WCT Token Economy Model - "Air and Water" Interaction on the Chain WCT is the native token of the WalletConnect network, and its main uses include: ① Network GAS: WCT is used to pay for relay service fees, and some of the fees will be used for token destruction to control inflation. ② Pledge income: Users who pledge WCT can receive network fee sharing and inflation rewards. Currently, 106 million WCT has been pledged, with an annualized income of 8% -15%. ③ Governance token: WCT holders can propose and vote on protocol upgrades, fee models, node incentive rules, etc. ④ Node incentive: Operators need to pledge WCT to participate in relay services, and rewards are based on online time and data processing volume. Token Name: WalletConnect (WCT) Total amount of tokens: 1000000000 WCT Initial circulation: 186200000 WCT (18.62% of the maximum token supply) Binance Launchpool allocation: 40000000 WCT (4% of total token amount) four ⃣ Online price prediction WalletConnect, as the core middleware of Web3, demonstrated astonishing popularity in the four rounds of financing before going public, becoming a rare "institutional fundraising target" at that time—— CoinList community round: 18000 participants, 15.5 million USD deposited (target of 4 million, over raised 4 times) Bitget LaunchX： 326 million US dollars in subscription amount poured in, 67000 people compete for 4 million quota Echo private equity round: $500000 limit sold out in 11 seconds At that time, the new order was made based on FDV of 200 million, with a subscription price of 0.2 USDT. Currently, the pre-market prices on multiple exchanges are at 0.4 USD. According to this data, FDV is 400 million, with a circulating market value of around 7500000 RMB, which is in line with the recent range of Binance New Coin. However, considering the official data that "over 275 million connections have been made for over 45 million users worldwide", the community has generally raised the consensus price within the range of 0.5-1u, with game airdrops and liquidity injections from multiple top tier exchanges. Overall, the reasonable opening price for WCT should be between 0.4-0.8u. WalletConnect is one of the few Web3 protocols that combines both "high-frequency demand" and "monopolistic ecological niche". The future depends on mid-term development. If the decentralized node network is implemented as scheduled and the pledged APY exceeds expectations, the price may remain stable at 1-2 units. Spot trading time: 19:00, April 15, 2025