WCT (WalletConnect Token) – is the native utility token of the decentralized WalletConnect ecosystem, used for paying fees, rewards, staking, and governance of the network. It operates on the Optimism network and allows holders to participate in decision-making and ensuring the project's security. WCT was launched in 2024 and aims to promote decentralization and openness of the WalletConnect ecosystem.
Purpose and functions of WCT
Governance: Token holders can vote on proposals and changes, giving the community control over the network's development.
Staking: Users can lock their tokens to earn rewards and protect the network, as well as participate in governance.
Rewards: WCT tokens are distributed as an incentive for participants who ensure the network's security and efficiency, such as node operators.
$WCT @WalletConnect #WalletConnect
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