Reown, formerly known as WalletConnect, the leading on-chain user experience (UX) ecosystem supporting over 40,000 apps and more than 600 wallets across 150+ blockchain networks, has officially rebranded, signaling a fresh chapter in its evolution toward delivering seamless and secure blockchain interactions.
In a landmark announcement, the Reown Foundation revealed the forthcoming launch of its native governance token, $WCT, on Optimism’s OP Mainnet. This token is set to enhance the platform’s security and decentralization, empowering users, app developers, and wallet providers through a robust, incentive-driven framework involving node operators.
Despite being in the early stages of its mainnet development, Reown has already outlined a roadmap for the $WCT token distribution. 17.5% of the total supply will be dedicated to staking and performance rewards, providing early adopters and high-performing users with meaningful incentives. Additionally, 18.5% has been reserved for seasonal airdrops to users, apps, wallets, and node operators, with the first round of airdrops slated for late 2024.
More details on the token launch and its governance mechanisms are expected to be released in the coming weeks, as Reown continues to push boundaries in the blockchain space, aiming to create a more secure, decentralized future for millions of users globally.
