# P2 - WCT Transferability Criteria Proposal **URL:** \ **Category:** Proposals\ **Created:** [January 31, 2025, 12:22pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29 "2025-01-31T12:22:15Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![pedro-wcf](https://yyz1.discourse-cdn.com/flex009/user_avatar/governance.walletconnect.network/pedro-wcf/32/1270_2.png) [@pedro-wcf](https://governance.walletconnect.network/u/pedro-wcf)\ **Post date:** [January 31, 2025, 12:22pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/1 "2025-01-31T12:22:15Z")
## Abstract Establishing Milestones for WCT Transferability ## Summary This proposal seeks community consensus on the milestones required to activate transferability for WalletConnect Token (WCT). Following the successful Token Generating Event (TGE) on November 26 last year and subsequent token allocations as per the whitepaper, we propose a set of clear criteria to indicate the ecosystem’s readiness before enabling on-chain transferability of WCT. ## Background November 26, 2024, was the successful TGE for WCT, which is currently non-transferable for all token holders. Additionally, we completed the Season 1 Airdrop, distributing tokens to community members, including both end-users and contributors. While progress has been made, establishing transparent milestones for transferability is critical to maintaining trust and alignment with the community’s goals. ## Proposal To enable WCT transferability, we propose achieving at least the following milestones: 1. Certifying at least 16 Wallets as part of the WalletConnect Certified program. 2. Achieving at least 100M WCT tokens on the staking pool. 3. Onboarding at least 16 Node Operators to the WalletConnect Network. 4. Staking has been live for at least 12 weeks on Mainnet since TGE. 5. Open-sourcing WCN source code for at least Service Nodes. As of today, some of these milestones have been achieved. However, we believe aligning the community around these criteria shows a transparent and decentralized governance process before transferability is enabled. ## Call to Action We invite all stakeholders to participate in this governance vote and share their input on the proposed milestones. Your voice is critical to shaping the future of the WalletConnect ecosystem. ## Next Steps This proposal will initiate a governance vote to confirm these milestones as criteria for transferability. If the proposal is approved, we will communicate progress updates and submit a subsequent proposal to enable transferability on-chain once all milestones are met. References 1. WalletGuide: [https://walletguide.walletconnect.network](https://walletguide.walletconnect.network) 2. Staking Dashboard: [https://dune.com/walletconnect/wct](https://dune.com/walletconnect/wct) 3. Token Upgrades: [Network & Token Upgrades](https://governance.walletconnect.network/t/network-token-upgrades/28) ---
**Author:** ![gee](https://avatars.discourse-cdn.com/v4/letter/g/47e85d/32.png) [@gee](https://governance.walletconnect.network/u/gee)\ **Post date:** [January 31, 2025, 1:14pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/2 "2025-01-31T13:14:58Z")
No one will want to stake for 0,2 wct rewards per week. People are disappointed with that. ---
**Author:** ![xbyteid](https://yyz1.discourse-cdn.com/flex009/user_avatar/governance.walletconnect.network/xbyteid/32/240_2.png) [@xbyteid](https://governance.walletconnect.network/u/xbyteid)\ **Post date:** [January 31, 2025, 1:19pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/3 "2025-01-31T13:19:03Z")
waiting to send my own vote, lfg ---
**Author:** ![irregularhatred](https://avatars.discourse-cdn.com/v4/letter/i/34f0e0/32.png) [@irregularhatred](https://governance.walletconnect.network/u/irregularhatred)\ **Post date:** [January 31, 2025, 1:37pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/4 "2025-01-31T13:37:31Z")
nice project i will support, long life wct, LFG! ---
**Author:** ![ahlihongwei](https://avatars.discourse-cdn.com/v4/letter/a/eada6e/32.png) [@ahlihongwei](https://governance.walletconnect.network/u/ahlihongwei)\ **Post date:** [January 31, 2025, 1:54pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/5 "2025-01-31T13:54:07Z")
Making WCT Transferability asap please. ---
**Author:** ![KelvinMusk](https://avatars.discourse-cdn.com/v4/letter/k/57b2e6/32.png) [@KelvinMusk](https://governance.walletconnect.network/u/KelvinMusk)\ **Post date:** [January 31, 2025, 2:32pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/6 "2025-01-31T14:32:50Z")
Super Bullish on WCT ---
**Author:** ![belex70](https://yyz1.discourse-cdn.com/flex009/user_avatar/governance.walletconnect.network/belex70/32/68_2.png) [@belex70](https://governance.walletconnect.network/u/belex70)\ **Post date:** [January 31, 2025, 2:33pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/7 "2025-01-31T14:33:23Z")
Please tranfer. transferring tokens will make everything easy ---
**Author:** ![chuckibmk](https://avatars.discourse-cdn.com/v4/letter/c/e274bd/32.png) [@chuckibmk](https://governance.walletconnect.network/u/chuckibmk)\ **Post date:** [January 31, 2025, 2:42pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/8 "2025-01-31T14:42:56Z")
some milestones here, feels far fetched. 50m wct was allocated for season 1, 30m was airdropped, 20m to be sold on coinlist. how would 100m staked wct be achieved ---
**Author:** ![sheroafd](https://avatars.discourse-cdn.com/v4/letter/s/3e96dc/32.png) [@sheroafd](https://governance.walletconnect.network/u/sheroafd)\ **Post date:** [January 31, 2025, 2:47pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/9 "2025-01-31T14:47:58Z")
How 100M can be staked when only 30M claimed after Airdrop ---
**Author:** ![Marugami](https://avatars.discourse-cdn.com/v4/letter/m/4bbf92/32.png) [@Marugami](https://governance.walletconnect.network/u/Marugami)\ **Post date:** [January 31, 2025, 2:51pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/10 "2025-01-31T14:51:14Z")
LFG Wallet connect, don’t care about fudder ---
**Author:** ![Agus](https://avatars.discourse-cdn.com/v4/letter/a/90ced4/32.png) [@Agus](https://governance.walletconnect.network/u/Agus)\ **Post date:** [January 31, 2025, 3:03pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/11 "2025-01-31T15:03:56Z")
When listing WCT … Because i am check coinlist pre market 0,2 … omg ---
**Author:** ![Mike](https://yyz1.discourse-cdn.com/flex009/user_avatar/governance.walletconnect.network/mike/32/21_2.png) [@Mike](https://governance.walletconnect.network/u/Mike)\ **Post date:** [January 31, 2025, 3:32pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/12 "2025-01-31T15:32:26Z")
The 100M staked milestones is far fetched, like a sailors dream, your team would be delusional to hope so, airdropped amount is not even up to 50M and sold token is 20M. Half of these numbers will hardly stake cos of the ridiculous returns on your staking. If you don’t wanna enable transferability better you keep your token to yourself, on this note I don’t think I would encourage anyone to buy a token that’s delusional about unlocking transferability ---
**Author:** ![wzrdeeznutz](https://yyz1.discourse-cdn.com/flex009/user_avatar/governance.walletconnect.network/wzrdeeznutz/32/229_2.png) [@wzrdeeznutz](https://governance.walletconnect.network/u/wzrdeeznutz)\ **Post date:** [January 31, 2025, 3:35pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/13 "2025-01-31T15:35:01Z")
100m staked is really a stretch, the math doesn’t seem viable at this point in time. dune says we’re over 50m staked and that seems like a reasonable place to pin it. ---
**Author:** ![Mike](https://yyz1.discourse-cdn.com/flex009/user_avatar/governance.walletconnect.network/mike/32/21_2.png) [@Mike](https://governance.walletconnect.network/u/Mike)\ **Post date:** [January 31, 2025, 3:41pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/14 "2025-01-31T15:41:53Z")
Not really Actually the staking contract only have 21M WTC in the contract, meaning only 21million is staked so far. My suggestion is the staking criteria should be removed, it seems the team is afraid of market dumping, if they can be afraid of something so little, how can they grow ? ---
**Author:** ![jack](https://yyz1.discourse-cdn.com/flex009/user_avatar/governance.walletconnect.network/jack/32/20_2.png) [@jack](https://governance.walletconnect.network/u/jack)\ **Post date:** [January 31, 2025, 3:42pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/15 "2025-01-31T15:42:16Z")
100M = 10% supply staked that’s cool to be archived… but didn’t balancing current circulating ’ ‘user’ supply… WAGMI soon! let’s do it ! ---
**Author:** ![imamskenn](https://avatars.discourse-cdn.com/v4/letter/i/d9b06d/32.png) [@imamskenn](https://governance.walletconnect.network/u/imamskenn)\ **Post date:** [January 31, 2025, 3:42pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/16 "2025-01-31T15:42:55Z")
I think transfers between wallets are limited to large amounts. many duplicate accounts are not detected by Sybil on various airdrop finder forums. ---
**Author:** ![Saimi19](https://yyz1.discourse-cdn.com/flex009/user_avatar/governance.walletconnect.network/saimi19/32/22_2.png) [@Saimi19](https://governance.walletconnect.network/u/Saimi19)\ **Post date:** [January 31, 2025, 3:50pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/17 "2025-01-31T15:50:17Z")
I Agree with you mate,that’s hard to achieve ---
**Author:** ![Kheniichi](https://yyz1.discourse-cdn.com/flex009/user_avatar/governance.walletconnect.network/kheniichi/32/26_2.png) [@Kheniichi](https://governance.walletconnect.network/u/Kheniichi)\ **Post date:** [January 31, 2025, 3:55pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/18 "2025-01-31T15:55:25Z")
Maybe 100M can be achieved, if the staking reward is increased ---
**Author:** ![pedro-wcf](https://yyz1.discourse-cdn.com/flex009/user_avatar/governance.walletconnect.network/pedro-wcf/32/1270_2.png) [@pedro-wcf](https://governance.walletconnect.network/u/pedro-wcf)\ **Post date:** [January 31, 2025, 4:04pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/19 "2025-01-31T16:04:04Z")
To clarify how 100M WCT staking is feasible: - 50M: Season 1 airdrop - 185M: Early team (locked but stakeable) - 115M: Early backers (locked but stakeable) Ongoing distributions through: - Wallet partnerships - Community quests - Strategic initiatives While locked tokens cannot be transferred, they can be staked. With at least 350M total tokens allocated and the ability to stake locked tokens, reaching 100M staked WCT is achievable through participation from team members, early backers, and community holders. Additionally, the ongoing community distributions provide more opportunities for token holders who can contribute to the staking total. ---
**Author:** ![dayo](https://avatars.discourse-cdn.com/v4/letter/d/9dc877/32.png) [@dayo](https://governance.walletconnect.network/u/dayo)\ **Post date:** [January 31, 2025, 4:08pm UTC](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29/20 "2025-01-31T16:08:53Z")
True, but doesn’t apply for the average hodler. Sadly, the average person is very far from the average hodler. [Next page](https://governance.walletconnect.network/t/p2-wct-transferability-criteria-proposal/29.md?page=2)