WalletConnect Token (WCT) is a utility token launched on the Optimism Layer-2 blockchain in 2024, designed to decentralize the WalletConnect Network, a widely used protocol for connecting wallets with dApps in Web3.
Key Uses of WCT:
1. Fees:
WCT holders can vote on the fee structure for services within the WalletConnect network, such as relay communication.
2. Rewards:
Contributors to the network (e.g., relayers, validators) receive WCT as rewards for supporting decentralization and uptime.
3. Staking:
Token holders can stake their WCT to earn rewards and help secure the network.
4. Governance:
WCT gives holders the right to vote on proposals that determine the network's future development and upgrades.
📌 Source: WalletConnect Docs
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📈 Price Forecast: Can WCT Reach $10?
As of March 2025, WCT's price ranged between $0.92 and $1.34.
It may reach $4.29 by the end of 2025 if favorable market conditions persist.
To reach $10, WCT would need nearly 980% growth from its current levels.
> ⚠️ According to long-term forecasts, WCT may reach $10 around August 2030, assuming steady adoption and favorable market expansion.
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🧮 Tokenomics and Distribution
The total supply of WCT is 1 billion tokens, distributed as follows:
27%: WalletConnect Foundation
18.5%: Team & Airdrops
17.5%: Staking & Performance Rewards
11.5%: Early Supporters
7%: Core Protocol Development
🔚 Summary
WCT is a governance and utility token powering the decentralized WalletConnect ecosystem.
It has real use cases: fees, staking, rewards, and governance.
It might reach $4.29 by 2025, and potentially $10 by 2030 based on current predictions.
Due diligence is essential before investing.
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