incentivizes

🟡 Use Cases of #walletcoonnect Token ($WCT )
The @WalletConnect Token (@WalletConnect ), Native to the @WalletConnect Network, is a decentralized, chain-agnostic protocol connecting crypto wallets to #dApps . With a 1 billion token supply on Optimism’s OP #Mainnet , #wct drives governance, incentives, and network operations. Here are its key use cases in 250 words:
1. Decentralized Governance:
@WalletConnect holders vote on network proposals, such as service fees or protocol updates, ensuring community-driven development. Governance features, expected to activate post-2024 launch, empower users to shape the ecosystem.
2. Staking and Rewards:
Staking @WalletConnect allows users to earn rewards while supporting governance and network security. Contributors like node operators and wallet providers receive rewards based on performance metrics like uptime, fostering ecosystem reliability.
3. Network Incentives:
#incentivizes participation through airdrops and rewards. The Season 1 airdrop distributed 50 million tokens, with 30 million for community members, 10 million for contributors, and 10 million for partners, boosting engagement across 23 million users and 40,000 apps.
4. Fee Structures:
Future relay service fees may require apps to pay in $WCT , rewarding nodes and wallets for maintaining privacy-preserving communication. Fee models are subject to community governance.
5. Onchain UX Ecosystem:
WCT enhances wallet-to-dApp connections via QR codes or deep linking, safeguarding user privacy. Its transferability, enabled in April 2025, supports seamless interactions across platforms like Ethereum and Solana.
6. Cross-Chain Interoperability:
WCT powers chain-agnostic connections, integrating with platforms like Phantom and Binance, enabling users to access dApps across blockchains.
WCT strengthens the WalletConnect Network by incentivizing participation, ensuring governance, and enabling secure, cross-chain UX, with listings on exchanges like Binance amplifying its reach.
$WCT
WCT
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#OFN Token (Utility Token) 💰
Role: The OFN token is the native utility token of the #Openfabric AI ecosystem. It facilitates transactions, governance, and #incentivizes participation within the ecosystem.
Functions:
Access to AI Models: Users pay for the use of AI models, data, and computational resources within the Openfabric AI platform using OFN tokens.
Incentivizing Developers: Developers are rewarded with OFN tokens for contributing and monetizing their AI models.
Governance: OFN token holders have the power to vote on important platform decisions such as upgrades, new features, or changes to the ecosystem.
Significance: The OFN token plays a key role in creating a decentralized economy where participants can exchange value for AI access and rewards.

Bybit Offers $140 Million Bounty to Uncover Hackers Bybit, a prominent cryptocurrency exchange, recently experienced a significant security breach resulting in the theft of approximately $1.4 billion in Ethereum. In response, the company has launched a Recovery Bounty Program, offering rewards of up to 10% of any recovered funds, totaling up to $140 million. This initiative aims to incentivize cybersecurity experts, analysts, and blockchain investigators to assist in tracing and retrieving the stolen assets.

The hack, attributed to North Korea's Lazarus Group, is considered the largest cryptocurrency theft in history. Bybit's CEO, Ben Zhou, has vowed to take action against those responsible, emphasizing the company's commitment to security and collaboration with the broader crypto community.

As of the latest updates, over $4.2 million has been awarded to five bounty hunters who have contributed to the recovery efforts. The FBI has also identified North Korean-backed hackers as the perpetrators of the theft, which has raised concerns about the laundering of the stolen funds across multiple blockchains.

Bybit's proactive approach underscores the industry's dedication to combating cyber threats and protecting user assets.

#Bybit #incentivizes #CyberSecurity #blockchain