KEY ($0.00) TAKEAWAYS
- SafePal launches a new SFPlus reward pool in partnership with WalletConnect, offering 5,000 WalletConnect Tokens as rewards.
- The WalletConnect Token (WCT) is a utility token that enhances user experience across the Web3 landscape.
- Participants earn scores based on the amount and duration of SafePal Tokens staked, with rewards calculated hourly.
- SafePal reserves the right to disqualify participants for spamming or market manipulation, emphasizing the need for due diligence.
SafePal has announced the launch of a new SFPlus reward pool in collaboration with the WalletConnect Network. The event, running from February 26 to March 1, 2025, will offer exclusive benefits to SFPlus stakers, distributing a total of 5,000 WalletConnect Tokens (WCT) as rewards. The initiative aims to enhance user engagement and participation within the SafePal ecosystem.
The WalletConnect Token (WCT) is a utility token integral to the WalletConnect Network, which is designed to drive innovation in user experience (UX) across the Web3 landscape. WCT serves multiple functions, empowering both individuals and organizations to influence the future standards of onchain UX. This token allows holders to participate in community-driven innovation, ensuring that the evolution of onchain experiences aligns with real user needs.
Participants in the SFPlus reward pool can earn scores based on the amount of SafePal Tokens (SFP ($0.63)) staked and the duration of their staking. A base score is awarded immediately upon staking, with an additional time-based score accruing daily. The maximum score achievable per wallet is 5,000, and scores are subject to reduction if users unstake their SFP. Rewards are calculated hourly, based on the proportion of individual scores to the total score of all participants.
SafePal has outlined specific rules for the activity, reserving the right to disqualify participants engaging in spamming or market manipulation. The company also emphasizes that this activity does not constitute investment advice, urging participants to conduct their own due diligence before making any financial decisions.
For more details on the SFPlus reward pool and the WalletConnect Token, interested parties can visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
SafePal has launched the SFPlus reward pool in collaboration with the WalletConnect Network, aiming to boost user engagement by offering WalletConnect Token incentives to stakers.
A recent industry report highlights the ongoing focus on Web3 UX innovation, which is making blockchain applications more intuitive and accessible. This aligns with the WalletConnect Token’s role in enhancing user experience across the Web3 landscape.
According to a report from The Block, experts view the WalletConnect Token as a promising project due to its governance and staking rewards within the WalletConnect ecosystem. This supports the significance of SafePal’s initiative to integrate WCT incentives, potentially increasing user participation and engagement.
Explore More News:
- AIOZ ($0.37) Network Unveils 2025 Roadmap and Brand Transformation
- Aya Miyaguchi Transitions to President of Ethereum Foundation
- SUNDOG Now Available for Trading on Kraken
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
The post SafePal Launches SFPlus Reward Pool with WalletConnect Token Incentives appeared first on CoinsHolder. creator solana token
