#WCT In the cryptocurrency space, many people are not familiar with **$WCT (WalletConnect Token)**, and may not even know what it does. Today, we will thoroughly dissect this project, helping you understand its value.
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### **1. $WCT What exactly does it do?**
WCT is the ecological token of the WalletConnect protocol, focusing on secure interactions for Web3 wallets. Its core function is to allow users to securely connect to DApps (decentralized applications) and wallets without exposing private keys.
- **Technical Principle**: Ensures transaction signing process security through end-to-end encrypted QR codes or deep links, avoiding man-in-the-middle attacks.
- **Industry Position**: Mainstream wallets like MetaMask, Trust Wallet rely on the WalletConnect protocol, handling millions of connection requests daily, serving as a 'secure bridge' in the Web3 world.
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### **2. Why does WCT have a promising future?**
#### **（1）Essential Track: Web3 Security Infrastructure**
- As long as users interact with wallets and DApps (such as trading, NFTs, DeFi), they cannot do without the secure channels provided by WalletConnect.
- With the growth of Web3 users, the demand for WCT will naturally rise, as it is not a token for a single product, but rather the underlying protocol for the entire industry.
#### **（2）Wide Application Deployment**
- Nearly all mainstream wallets (like MetaMask, Coinbase Wallet, Rainbow) have integrated WalletConnect.
- Supports over 50 public chains (Ethereum, Solana, Polygon, etc.), allowing developers to directly call the protocol without redundant development.
#### **（3）Decentralized Relay Network**
- Uses a node network (similar to an upgraded TOR) to transmit data, avoiding single points of failure, and may open node incentives in the future, allowing users to earn rewards by staking WCT.
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### **3. Is WCT undervalued compared to its market cap?**
⚠️ **Short-term risks**：
- High institutional holding ratio (about 40%), retail investors have scattered chips, making them susceptible to market sentiment.
- Need to observe the economic model adjustments after the V2 version upgrade.
**Strategy Suggestions**：
- **Dollar-cost averaging** is safer than chasing highs, and can be done in batches at lower prices (like 0.4-0.5U).
- Follow official updates, especially regarding ecological cooperation and token use case updates.
