It is wondered at what price WalletConnect (WCT), which was recently launched as a Launchpool project on the cryptocurrency exchange Binance and will be listed today at 14:00 Turkey time (UTC+3), will open.
Compared to previous Launchpool events, the share of BNB and USDC stakers was increased, while the share of FDUSD holders was reduced. This move was due to the fact that FDUSD recently temporarily lost its peg to $1 and fell below $0.90.
In previous Launchpool events, users who staked $1,000 worth of FDUSD earned an average of $1.78.
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On the other hand, WCT has already started trading on some pre-launch markets. On the decentralized cryptocurrency platform Aevo, WCT is currently trading at around $0.4. Since the FDUSD reward rate from previous events is similar to the current USDC reward rate, we can now estimate it as USDC.
According to our estimates, a total of 1.69 WCT was distributed per 1,000 USDC held by users in the WCT Launchpool event. This means that an average of $0.67 in WCT rewards will be given per 1,000 USDC. Of course, let’s remember that these are not exact figures, they are estimates. According to estimates, the value of the rewards distributed in this Launchpool is below average compared to previous events.
*This is not investment advice.