The Utility of WCT: More than just a token – fuel for Web3 interactions! ⛽️💡
In June 2025, WalletConnect Token (WCT) has well-defined functions that make it an important element of the WalletConnect ecosystem:
Governance: WCT holders can propose and vote on network upgrades, fee structures, and strategic initiatives, fostering community-driven development.
Staking: Users can stake WCT to support network security and decentralization, earning rewards.
Rewards: WCT incentivizes network participants, including node operators and wallet providers, through performance-based rewards, promoting active participation and network reliability.
Fees: While WalletConnect currently does not charge for its services, WCT may be used for network fees in the future, depending on community governance decisions.
These features emphasize that WCT is not just a speculative asset but a functional token that underpins key Web3 infrastructure.