The Waves Community Token (WCT) is an altcoin created within the Waves ecosystem, aimed at strengthening community governance and giving users a voice.
Launched in 2017, the WCT was distributed to WAVES holders as an incentive and participation in important votes on the platform. With it, users could evaluate new projects, vote on proposals.
Waves Community Token (WCT): A pioneering experiment in decentralized governance
The WCT was launched in 2017 as a utility token in the ecosystem free of charge for WAVES holders. The main function of the WCT was to serve as a voting tool for decisions in the ecosystem — such as validating new projects or suggesting improvements to the network.
Although its use has decreased over time, the WCT was one of the first attempts to place effective governance mechanisms in the hands of users on a public blockchain.
This type of token paved the way for more modern DAO models and decentralized voting systems.
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