WalletConnect to Launch Native Token on Optimism’s OP Mainnet

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WalletConnect, a popular open-source protocol used by decentralized applications (dApps) for seamless wallet interaction, is set to launch its native Connect Token (WCT) on Optimism’s OP Mainnet. According to the announcement, this launch marks a significant development for the project and deepens the protocol’s integration within the Ethereum (ETH) ecosystem and scaling solutions.

As part of its distribution strategy, about 185 million WCT tokens will be airdropped to eligible users. The airdrop is an initiative to reward the platform’s loyal user base and incentivize future network participation.

Key Details of the WCT Tokens Airdrop

The total supply for the airdrop will be distributed among users based on specific criteria related to their engagement with the WalletConnect network. Meanwhile, registration for the WCT airdrop will officially open on September 24. WalletConnect users can sign up and check their eligibility once the registration portal is live.

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To register, users must connect their wallet, link their GitHub accounts, and provide an email address. To be eligible for the airdrop, you must have an ETH address, be actively engaged with WalletConnect, or have contributed to open-source projects. Note that using sanctioned wallets or IP addresses will result in disqualification.

Looking Ahead

By October 11, the season 1 airdrop will end, and token distribution will begin. Any unclaimed token will be kept for future airdrop seasons. However, those unqualified for the season 1 airdrop can fix whatever needs to be fixed to be qualified for subsequent seasons. According to WalletConnect CEO Jess Houlgrave, the WCT tokens can not be transferred but can be used for staking and governance for the main time.

Notably, the launch of Optimism opens new avenues for scalability while ensuring a more efficient and user-friendly experience. Recall that Robinhood intends to list Optimism crypto for its European Union users. Robinhood recognized the growing significance of cryptocurrencies and the evolving preferences of traders.

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Polygon Launches POL Token Contract on the ETH Network

Last year, Polygon, a leading blockchain scaling and infrastructure development platform, launched its POL token contract on the ETH network. With the launch of the POL token contract dubbed “Polygon Ecosystem Token,” Polygon aims to strengthen its position.

Furthermore, the integration allows Polygon to explore alternative token usage, governance, and utility avenues. The move is also a step towards replacing its native token, MATIC, in the future. The launch enables Polygon to offer its users enhanced functionality and decentralized applications (dApps) while benefiting from ETH’s established ecosystem.