Binance is set to introduce its latest altcoin project, WalletConnect (WCT), through its Launchpool initiative, marking the platform’s 67th project. The farming event begins on April 11, 2025, and runs until April 15, allowing users to lock in BNB, FDUSD, and USDC to earn WCT coins. WalletConnect serves as an open-source protocol that facilitates secure connections for decentralized applications, promising a new avenue for users in the crypto space.
How to Farm WalletConnect Coins?
To participate in farming WalletConnect, users need to lock their assets starting from 03:00 UTC on April 11, with the event concluding at 02:59 UTC on April 15. This short timeframe offers users a unique opportunity to gather coins from a nascent altcoin initiative.
What Are the Farming Rewards for Participants?
WCT has a total supply of 1 billion coins, with 40 million designated as farming rewards. The distribution allocates 85% to BNB lock participants, 10% to USDC, and 5% to FDUSD holders. Furthermore, Binance will distribute an additional 10 million WCT coins through its Learn & Earn program to incentivize engagement.
During the farming process, Binance will enforce hourly limits on coin earnings for fairness. Users can earn a maximum of 35,416 WCT from the BNB pool, 2,083 WCT from FDUSD, and 4,166 WCT from USDC. This measure is designed to ensure equitable participation and prevent larger investors from monopolizing rewards.
Participants must complete identity verification (KYC) to join this 67th Launchpool event, ensuring compliance and security for all users involved.
When Will WCT Be Available for Trading?
WCT will officially be listed for trading on April 15, 2025, at 14:00 UTC, with initial trading pairs including USDT, USDC, BNB, FDUSD, and TRY. It will carry a “Seed Tag,” indicating its status as a new project with potential volatility, thus alerting traders to exercise caution.
- Farming period: April 11-15, 2025
- Total WCT supply: 1 billion coins
- 40 million coins allocated for farming rewards
- WCT will be listed on April 15, 2025
- KYC verification is mandatory for participants
The introduction of WalletConnect through Binance’s Launchpool adds another layer to the platform’s offerings, presenting both opportunities and risks for traders eager to explore this new altcoin. As the event approaches, crypto enthusiasts are keenly watching how this initiative will unfold.
