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The WCT token is now officially transferable, this marks a pivotal moment in WalletConnect’s decentralisation roadmap. Transferability of WCT brings the onchain economy closer to a more open, permissionless, and community-driven experience.
Since its inception, WalletConnect has been guided by a singular mission: to make onchain UX amazing. The WalletConnect logo is as iconic to onchain connectivity as the Visa logo is to payments. As billions in value flow through the WalletConnect network annually.
WCT plays a crucial role in this mission, WCT will allow for fees, rewards, staking and governance on the WalletConnect Network and ensures that the community, wallets and apps have their say in the future of onchain.
Why This Matters
The transferability of WCT represents more than just a technical milestone, it’s a move to decentralize the core infrastructure that powers interactions and connectivity across the onchain economy. Transferability allows anyone, anywhere, to acquire WCT, enabling broader participation in governance and helping shift power from a central entity to a distributed network of contributors and users that are shaping the onchain future.
Until now, the WCT token was non-transferable by design. It was carefully distributed through an eligibility framework that rewarded long-term supporters, partners, and contributors, ensuring alignment between those who built the protocol and those who would eventually help govern it and use it.
This cautious and strategic approach is essential for critical infrastructure.The transition to transferability was never about speed it was about doing it right.
The Criteria for Transferability
The WalletConnect Foundation laid out clear, thoughtful criteria that needed to be met before enabling WCT transferability. These included:
- Certifying at least 16 Wallets as part of the WalletConnect Certified program.
- Achieving at least 100M WCT tokens on the staking pool.
- Onboarding at least 16 Node Operators to the WalletConnect Network.
- Staking has been live for at least 12 weeks on Mainnet since TGE.
- Open-sourcing WCN source code.
The last of the milestones, open-sourcing the Walletconnect source code took place on April 7th, 2025.