The eligibility checker for season 1 of the WalletConnect Token (WCT) Airdrop is now live, meaning participants who successfully created a profile and registered for the airdrop can check their eligibility, claim tokens that they may be eligible for, and stake their tokens to the network.
Claimability for season 1 of the airdrop marks a milestone for WalletConnect, as this will be the first time in the network’s history that its community of builders, contributors, and users can actively play a role in its ecosystem by holding and staking their tokens, and in the future, taking part in governance of the network.
Season 1 is the first of several airdrops planned across the network’s roadmap, with a total of 185 million tokens being allocated to providing key community players the opportunity to play a real role in the future of WalletConnect and onchain UX. With over 160,000 eligible users for this season, and a total of 50 million tokens being distributed across recipient cohorts, individuals who’ve made meaningful and impactful contributions to the network throughout its history can now evolve their participation, have an active say in its roadmap, and be rewarded for their commitments.
The guide below covers key information about season 1 of the airdrop, including eligibility criteria, scoring, steps to claim, and steps to stake your tokens.
How eligibility works for season 1 of the WalletConnect Token Airdrop
How WalletConnect Network usage was analyzed
Of the 50 million tokens allocated to the first season of the airdrop, a total of 30 million were reserved for users who registered a profile during the registration period for the season and met relevant criteria. Priority was given to users with consistent, high-quality engagement with the network to ensure rewards reflected meaningful usage. The remaining 20 million were reserved for network contributors, including Node Operators, Wallets, Apps, SDKs and early contributors (this including Gitcoin and Github contributors).
Scores for users and GitHub contributors were determined based on a combination of past connections made via the WalletConnect Network, signatures, on-chain activity, and software contributions via platforms like Github.
The more criteria you have met, the higher your score. The amount of tokens you may be eligible to claim is based on your score.
While there was an overwhelming amount of registrations we only allocated tokens to wallet addresses that had met the prior relevant network activity requirements referenced above and connected their mobile wallet via the WalletConnect Network as was instructed.
How scoring was measured
The WalletConnect airdrop scoring system evaluated users based on three main components:
- Network usage (connections and signatures)
- On-chain activity across multiple chains (including wallet balances, gas fees, transaction volume, and NFT mints)
- Previous airdrop behavior (token retention and holding duration)
To be eligible, users needed to create a profile, connect at least one wallet through WalletConnect Network, and show activity before Sept 12 2024.
The final score was calculated using a weighted formula that balanced these activities, with potential bonuses up to 5% for good airdrop behavior and penalties up to 80% for quick selling. Additional allocations were added for Github contributions and Gitcoin donations. Finally, profiles were screened for Sybil resistance, sanctions compliance and association with other serious crimes, with failing profiles being removed from the airdrop.
For more information on scoring for the airdrop, see here.
How to check eligibility and claim your tokens
Before connecting any wallets to check eligibility, it’s important to verify the domain you’re interacting with to ensure it’s the correct link. The correct link for claiming the WCT airdrop is airdrop.walletconnect.network.
Check your eligibility
- Visit the WalletConnect Airdrop Page
- Connect your wallet
- You’ll want to make sure you’re connecting a wallet you used to register for the claim.
- Make sure the wallet you are using supports OP Mainnet, For a list of supported wallets, visit WalletGuide
- Accept the terms and conditions, then click “Check Eligibility”
- If eligible, you’ll see a “Congratulations” message confirming your successful registration, along with an overview of your allocation.
- If you were not eligible, a message will appear notifying you of this, reading “Unfortunately, you are not eligible for the Season 1 airdrop.”
Claim your tokens
If you are eligible for the airdrop, you’ll be able to claim your tokens right away.
- Select “Claim” to transfer your tokens to your wallet
- Confirm the transaction in your wallet
WalletConnect will subsidize the gas fees to help reduce your transaction costs. note that due to variable network conditions, the subsidized amount may not cover the complete gas fee. If you encounter high network congestion, it's recommended to wait until network activity decreases to optimize your gas costs.
After a successful claim, the page will update to show no more tokens are available and the claim button will be deactivated. You can then proceed to stake your tokens in the staking profile.
Claiming will be available between November 26, 2024 and January 03, 2025 – be sure to take the steps above within this timeframe to be able to access and claim any tokens you may be eligible to receive.
How to stake WCT to the WalletConnect Network
Once you’ve claimed any WCT you were eligible to receive, you’ll have instant access to staking functionality, enabling you to stake your tokens to the WalletConnect Network to support network security, ensure high-performance standards across the WalletConnect Network, and prepare to earn staking rewards* as these launch in the near future.
Staking on the WalletConnect Network adopts a “Dynamic Staking” architecture, which means users can choose the number of tokens they stake to the network, with no minimum or maximum thresholds, and set a duration for which they’d like their tokens to be staked – anywhere between one week and two years.
*Staking rewards are not yet live on the network. Rewards will start accruing on December 19, 2024, immediately after the token distribution process completes its first stage. At that point, all eligible stakers will begin to accrue rewards automatically, with no additional action required.
Stake your tokens to the network
- Once you’ve claimed your tokens on the Airdrop page, you’ll see a pop-up window with an option to stake your tokens. You’ll also see the option to stake on the main page. To begin the process of staking, tap the “Stake” button
- You’ll then need to connect your wallet. You can do this via any route, but using the WalletConnect Network is recommended. Proceed to approve the connection in your wallet to access the staking dashboard
- Once connected, you’ll see your tokens in the main dashboard. On the right-hand side, you’ll be able to select how many tokens you wish to stake, and set a desired period for which you’d like them to be staked
- When you’re happy with your allocated stake, hit the ‘Stake’ button, approve the transaction in your connected wallet, and in a couple of seconds you’ll see your staked token in the main dashboard. To update your staking position follow the same process and tap ‘Approve’, approve the change with your wallet, and tap ‘Update stake’
For more information on staking in the WalletConnect Network, see here
What’s next?
Claiming for season 1 of the airdrop will be available until January 03, 2025 – be sure to follow the process above before this date to claim any tokens you may be eligible for.
Though registration for Season 1 of the WalletConnect Airdrop is now closed, subsequent airdrop seasons will follow. If you were unsuccessful this round and are actively participating within the WalletConnect Network, you may be eligible for future seasons – keep an eye on updates from the WalletConnect Foundation for updates on future seasons.
As the network continues to decentralize, more functionality for token holders will become available, such as staking rewards, governance voting, and more. To understand more about the WalletConnect Network and the WalletConnect Token, read the whitepaper here