Interpretation of the WCT Token Economic Model
The #WCT tokens serve as the core of the WalletConnect network, with a total supply of 1 billion tokens, and a carefully designed distribution mechanism. 27% is allocated to the foundation for ecological construction, providing long-term support for network development; 18.5% is given to team incentives to stimulate innovation and enthusiasm; 17.5% is used for staking rewards to encourage users to participate in network governance and maintenance; 18.5% is allocated for user airdrops to expand community participation.
WCT has four main functions: to pay for network service fees, the specific model of which will be decided by community voting in the future; to earn rewards through staking, with flexible lock-up periods ranging from 1 week to 2 years, where longer periods yield greater rewards; to participate in governance decisions, allowing holders to vote on network development proposals; and to serve as a certificate for ecological access, ensuring orderly conduct of activities within the ecosystem. Its design to limit transfer effectively avoids speculation and guides the token to focus on serving ecological functions.