The South Korean crypto exchange upbit has announced a new list for Altcoin focused on wallets, triggering an explosive price action.
According to a new ad, Upbit supports Wallet Connect (WCT) to exchange the Optimism (OP) network on its platform from Wednesday.
The project, launched in 2018, is a web3 communication opening protocol which aims to connect cryptographic portfolios to decentralized applications (DAPP) via encrypted connections using the digitization of the QR code and the deep link.
“Traditionally, the connection of portfolios to the blockchain applications required complex steps, which often discourages new users and created a fragmented ecosystem. WalletConnect simplifies this by offering a universal connection method compatible on hundreds of wallets and thousands of applications.
WCT is the native token of the WalletConnect network, which is used for punctures, rewards, costs and governance.
The initial offer of WCT tokens is capped at 1 billion, with 7% intended for basic development, 17.5% for marking and performance awards, 18.5% for Airdrops, 18.5% for team members, 11.5% for the first supporters and 27% for the WalletConnect Foundation.
After Upbit’s announcement, WCT exploded from the low level of Tuesday from $ 0.28 to the summit on Wednesday of $ 0.62, a gain of more than 121%.
WCT has since retraced and has been negotiated at $ 0.42 at the time of the editorial staff, up 34.6% during the day.
With a market capitalization of $ 79.13 million, WCT is the 482nd crypto project.
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