In the cryptocurrency space, many people are not familiar with **$WCT (WalletConnect Token)**, and some may even not know what it does. Today, we will thoroughly analyze this project so you can 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 enable users to securely connect to DApps (decentralized applications) without exposing their private keys.**

- **Technical Principle**: Ensures the security of the transaction signing process through end-to-end encrypted QR codes or deep links, avoiding man-in-the-middle attacks.

- **Industry Position**: Mainstream wallets like MetaMask and Trust Wallet rely on the WalletConnect protocol, handling millions of connection requests daily, serving as the 'secure bridge' in the Web3 world.

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### **2. Why does WCT have a bright future?**

#### **(1) Essential Sector: Web3 Security Infrastructure**

- As long as users interact with DApps using their wallets (such as trading, NFTs, DeFi), they cannot do without the secure channel provided by WalletConnect.

- As the number of Web3 users grows, the demand for WCT will naturally rise, as it is not a token for a single product, but rather an underlying protocol for the entire industry.

#### **(2) Widely Applied Use Cases**

- Almost all mainstream wallets (such as MetaMask, Coinbase Wallet, Rainbow) have integrated WalletConnect.

- Supports 50+ public chains (Ethereum, Solana, Polygon, etc.), allowing developers to directly call the protocol without repeated development.

#### **(3) Decentralized Relay Network**

- Uses a node network (similar to an upgraded version of TOR) to transmit data, avoiding single points of failure. In the future, it may open node incentives, allowing users to earn returns by staking WCT.

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### **3. Is WCT underestimated compared to its market cap?**

⚠️ **Short-term Risks**:

- High institutional holding ratio (around 40%), retail investor chips are dispersed, making it susceptible to market sentiment.

- Need to observe the economic model adjustments after the upgrade to V2.

**Strategic Suggestions**:

- **Dollar-cost averaging** is safer than chasing highs; you can gradually accumulate at lower levels (like 0.4-0.5U).

- Follow official updates, especially regarding ecological cooperation and token use case updates.