The cryptocurrency landscape continues to evolve, and OKX remains at the forefront of innovation by expanding its digital asset offerings. We’re excited to announce the upcoming listing of WCT (WalletConnect) on OKX’s spot trading markets. This addition reinforces our commitment to supporting cutting-edge blockchain infrastructure that empowers decentralized finance (DeFi) and enhances user experience across Web3 platforms.
WCT, the native token of WalletConnect, plays a pivotal role in connecting wallets, applications, and users in a seamless, secure, and decentralized manner. As adoption of non-custodial wallets and dApps accelerates, assets like WCT are becoming increasingly integral to the broader ecosystem.
👉 Discover how you can prepare for the WCT listing and maximize your trading potential today.
Listing Timeline and Trading Details
Mark your calendars: WCT spot trading will go live at 14:00 UTC on April 10, 2025. The initial trading pair available will be WCT/USDT, with further pairs potentially added based on demand.
Please note:
- Deposit functionality for WCT is already open to ensure users can prepare in advance.
- Withdrawals will be enabled shortly after trading commences.
- Exact details regarding the WCT/USDT trading start time will be shared separately via official OKX channels.
This strategic rollout ensures a smooth launch while maintaining market stability during the critical early trading phase.
Call Auction Mechanism for Fair Market Launch
To promote fair price discovery and prevent volatility spikes at launch, OKX will implement a 1-hour call auction prior to continuous trading.
During this period:
- Users can submit buy and sell orders at their preferred prices.
- No trades are executed until the auction concludes.
- An indicative opening price is calculated based on aggregated order flow.
To maintain market integrity:
- Each user’s total buy order value is capped at $50,000 USD.
- In the final 5 minutes of the auction, order modifications or cancellations are disabled—only new orders are permitted.
After the auction ends, continuous trading begins using the finalized opening price. Notably, OKX will also display the project team’s suggested opening price, which is provided independently by WalletConnect’s team based on project valuation. However, this figure is for informational purposes only and does not influence actual trade execution prices.
Risk Management During Initial Trading
Given the heightened volatility associated with newly listed assets, OKX has implemented temporary risk controls effective during the first 5 minutes of continuous trading:
Order Restrictions
- Market orders are disabled to prevent slippage-driven losses.
- Maximum limit order size per user: $10,000 equivalent.
- Maximum net position per user: $10,000 equivalent.
These safeguards will be automatically lifted 5 minutes after trading begins, allowing full market participation under normal conditions.
Price Limit Rules for Market Stability
To further protect traders, OKX applies dynamic price capping mechanisms depending on index price availability.
Closing Price-Based Limits (Initial Phase)
When no stable index price exists:
- First minute: Max bid = Call auction execution price × (1 + H); no ask floor.
- Minutes 1–N (until index available): Max bid = Previous minute’s close × (1 + H); no ask floor.
- After N minutes: No bid or ask restrictions.
Index-Based Limits (Stable Phase)
Once an index price is established:
- First 10 minutes: Bids capped at Index × (1 + X), asks floored at Index × (1 – X).
- Beyond 10 minutes: Dynamic bands incorporating recent average premiums and adjustable parameters Y and Z.
OKX reserves the right to adjust parameters (H, X, Y, Z, N) or switch methodologies as needed to respond to real-time market conditions. For live updates on current rules, visit the platform directly.
About WalletConnect (WCT)
WalletConnect is a foundational protocol enabling secure communication between decentralized applications (dApps) and cryptocurrency wallets—without compromising user privacy or control. By bridging ecosystems across chains, devices, and interfaces, it drives UX innovation and supports a truly decentralized web.
Key Project Metrics
- Token Name: WalletConnect
- Ticker: WCT
- Total Supply: 1,000,000,000 WCT
- Smart Contract Address:
0xeF4461891DfB3AC8572cCf7C794664A8DD927945 - Use Case: Powers cross-platform wallet connectivity, session management, and ecosystem growth incentives.
As more users adopt non-custodial solutions, protocols like WalletConnect become essential infrastructure—positioning WCT as a key player in shaping the future of decentralized access.
👉 Learn how next-gen connectivity tokens like WCT are transforming DeFi interactions.
Prepare for Trading: Deposit USDT Now
Ensure your account is ready ahead of launch by depositing USDT. Having funds available allows you to participate immediately when WCT/USDT trading goes live.
Steps to prepare:
- Log into your OKX account.
- Navigate to "Assets" > "Deposit".
- Select USDT and choose your preferred network.
- Transfer funds from your external wallet or exchange.
Early preparation helps avoid delays due to blockchain congestion or verification lags.
Frequently Asked Questions (FAQ)
Q: What is WalletConnect used for?
A: WalletConnect enables secure, encrypted connections between dApps and crypto wallets via QR codes or deep links. It supports multi-chain interactions without exposing private keys.
Q: Why is there a call auction before trading starts?
A: The call auction ensures fair price discovery by collecting all orders before determining an opening price, reducing manipulation risks and initial volatility.
Q: Can I place market orders when WCT trading begins?
A: No—market orders are disabled for the first 5 minutes. Only limit orders up to $10,000 are allowed during this period.
Q: Is the project team’s opening price binding?
A: No. The project-provided opening price is for reference only and does not affect actual trade execution prices determined by the call auction.
Q: How can I earn WCT before or after listing?
A: OKX is launching a “Trade and Earn” campaign with a prize pool of 1,200,000 $WCT. Stay tuned for eligibility criteria and participation details.
Q: Are there withdrawal limits after listing?
A: Initially, withdrawals may be subject to rate limits for security reasons. These are typically relaxed as network stability is confirmed.
Final Notes and Risk Considerations
Digital assets like WCT are highly speculative and subject to rapid price fluctuations. While opportunities exist, so do significant risks—including liquidity loss and full capital depreciation.
OKX provides information for educational purposes only and does not offer financial advice. Always conduct independent research and assess your risk tolerance before trading.
Remember: never invest more than you can afford to lose.
👉 Stay ahead of the curve—get real-time updates and insights on emerging Web3 tokens now.