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It is wondered at what price WalletConnect (WCT), which was recently launched as a Launchpool project on the cryptocurrency exchange Binance and will be listed today at 14:00 Turkey time (UTC+3), will open.
Compared to previous Launchpool events, the share of BNB and $USDC stakers was increased, while the share of $FDUSD holders was reduced. This move was due to the fact that $FDUSD recently temporarily lost its peg to $1 and fell below $0.90.
In previous Launchpool events, users who staked $1,000 worth of $FDUSD earned an average of $1.78.
On the other hand, WCT has already started trading on some pre-launch markets. On the decentralized cryptocurrency platform Aevo, WCT is currently trading at around $0.4. Since the $FDUSD reward rate from previous events is similar to the current $USDC reward rate, we can now estimate it as $USDC.
According to our estimates, a total of 1.69 WCT was distributed per 1,000 $USDC held by users in the WCT Launchpool event. This means that an average of $0.67 in WCT rewards will be given per 1,000 $USDC. Of course, let's remember that these are not exact figures, they are estimates. According to estimates, the value of the rewards distributed in this Launchpool is below average compared to previous events.
*This is not investment advice.