In the world of Crypto Assets, a unique Token is quietly rising. Although it has not yet opened for trading, it already possesses the power to influence the fate of the network. This is the native Token of WalletConnect, WCT, in its unique state of existence before 2025.

The development trajectory of WCT has not been smooth sailing; instead, it has adopted a cautious and steady strategy, with consensus as its cornerstone, leading the WalletConnect network towards a truly decentralized future.

Before April 15, 2025, WCT is set to a "non-transferable" status. This means that holders cannot transfer it freely like ordinary Tokens, but they can participate in voting, staking, and governance. This innovative design of "governance first, circulation later" demonstrates the project team's firm commitment to the long-term healthy development of the ecosystem.

From a technical perspective, the initial non-transferability of WCT is designed to curb early speculative behavior while ensuring the stability and security of the ecosystem. At this stage, the Token is mainly used for governance and rewards, rather than market speculation.

The total supply of WCT is 1 billion coins, and the distribution structure has been carefully designed. Among them, 27% is allocated to the WalletConnect Foundation, 18.5% is used for airdrops, and there are also clear allocation ratios and unlocking mechanisms for the team, early supporters, core developers, and reward pools.

April 15, 2025, is an important milestone. From this day on, WCT will transition to a fully transferable status. Token holders will be able to freely transfer WCT between wallets and addresses, marking the maturity of the ecosystem and a new stage where community consensus and network infrastructure balance operations and governance.

There are several reasons why WCT's unique development path is worth paying attention to: First, it effectively reduces risks by establishing governance and reward mechanisms before introducing market trading, which can minimize the severe fluctuations and potential market manipulation during the initial liquidity phase. Second, it truly realizes community-driven initiatives, allowing users and contributors to substantively participate in the decision-making of the protocol's structure, rather than just acting as consumers. Finally, it achieves a good alignment of incentive mechanisms by linking the rewards of node operators, wallet and application providers, and active users through WCT, making the interests of all parties in the ecosystem more unified.

With the gradual development of WCT, we can foresee that the WalletConnect network will take solid steps on the road to decentralization, contributing significantly to the future of the Web3 ecosystem.