WCT refers to the WalletConnect Token.
Here's a breakdown of what it is:
* Native Utility Token: WCT is the native utility token of the WalletConnect Network.
* WalletConnect Network: This is an "onchain UX ecosystem" that allows users to securely connect their cryptocurrency wallets to decentralized applications (dApps) across various blockchain networks. It acts as a crucial piece of infrastructure for Web3, facilitating communication between wallets and dApps using deep linking and encrypted QR codes.
* Purpose of WCT: WCT is designed to:
* Incentivize participation: Encourage users to engage with the WalletConnect Network.
* Ensure decentralization: Promote a decentralized governance model for the network.
* Governance: Token holders can vote on network proposals, staking terms, and potential fees.
* Staking and Rewards: Users can stake WCT tokens to secure the network and earn rewards.
* Fees: Potentially used for fees within the network (e.g., for relay usage).
* Key Features of WalletConnect Network:
* Chain-agnostic: It works seamlessly across multiple blockchain ecosystems, including Ethereum, Solana, Cosmos, Polkadot, Bitcoin, and their Layer 2 networks.
* Secure: It uses end-to-end encryption for communication between wallets and dApps.
* Widely used: It powers millions of monthly connections for users across leading decentralized applications.
* Tokenomics: The initial supply of WCT tokens is capped at 1 billion. It was initially launched on Optimism's OP Mainnet, leveraging Ethereum's security and OP Mainnet's speed.
* Recent Developments: WalletConnect Inc. has been rebranded to Reown (WCT).
Current Price and Market Data (as of May 28, 2025, from various sources):
The price of WCT fluctuates, but generally, it's been performing positively recently. Here are some approximate figures:
* Price: Around $0.70 - $0.95 USD (or approximately ₹55 - ₹80 INR). Please note that these are estimates and the live price can be found on cryptocurrency exchanges.
* Market Cap: Roughly $120 million to $175 million USD.
* 24-hour Trading Volume: Can be in the hundreds of millions of USD.
* Circulating Supply: Approximately 186.2 million WCT.
* Max Supply: 1 billion WCT.
Where to find more information:
You can find the most up-to-date price and market data on cryptocurrency exchanges like Coinbase, Binance, Crypto.com, Kraken, Bitget, and CoinMarketCap. You can also visit the official WalletConnect Network website (walletconnect.network) for more details.#WriteToEarnWCT #TrumpMediaBitcoinTreasury #wct 