The WalletConnect (WCT) project is one of the cornerstones of the Web3 infrastructure, as it is used to facilitate secure connections between digital wallets and decentralized applications without the need for exposed private keys.
The WCT token acts as a governance and rewards mechanism within the WalletConnect network; its holders can vote on development decisions, participate in staking, and earn rewards from running the core nodes.
WCT was launched on the Optimism network, with a total supply of one billion tokens, part of which is allocated for rewards, governance, and encouraging participation.
Its future may be promising if it succeeds in establishing an indispensable role in the web 3 infrastructure, but it faces challenges such as competition and ensuring that demand for the token aligns with usage.
WCTUSDT
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