Usage Areas of $WCT
The $WCT token has a versatile functionality within the WalletConnect network:
- Network Fees: It is used as a means of payment in network transactions such as relay services.
- Staking: Users can earn rewards by staking their tokens and contribute to the security of the network.
- Governance: $WCT holders have a say in the future of the network and can vote on proposals.
- Rewards: Active participants of the network (e.g. node operators) are rewarded with $WCT.
These usage areas allow WCT to carry an active value within the network and encourage users to participate in the ecosystem. #WalletConnect