WalletConnect has launched Season 1 airdrop, distributing 50 million WCT to reward community. It aims to boost network governance with staking. But it’s hit by criticism from long-time users who feel left out.
Out of 185 million airdrop tokens, 50 million go to over 160,000 eligible this season. 30 million for registered and engaged users, 20 million for network contributors. Eligibility demands profile creation, wallet connection, and activity before last month’s cut-off. Tokens are non-transferable for now and staking starts Dec 19.
Users can check eligibility at airdrop.walletconnect.network. Eligible get congrats, ineligible see “unfortunately, you’re not eligible”.
On social media, especially Twitter, WalletConnect faces heat for its airdrop strategy. Some long-time users are miffed about being excluded despite heavy engagement. It used a scoring system for eligibility and allocation, yet some loyal users missed out on arbitrary thresholds.
WalletConnect eases connections between crypto wallets and dApps, with an open-source protocol for secure QR-code connections. The airdrop aims to empower the community, but the backlash shows the tricky balance in rewarding decentralized users.
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