Overview of $WCT
WalletConnect Token (WCT) is the native utility token of the WalletConnect Network, an on-chain UX ecosystem that supports cross-application and wallet interactions in the Web3 world. By connecting over 23 million users through more than 600 wallets and 40,000 applications, WalletConnect has become a vital infrastructure in creating a seamless and decentralized Web3 user experience.
WCT was launched on the Optimism network, a layer-2 Ethereum solution known for its efficiency and scalability. This token has several main functions, such as staking, protocol governance, community incentives, and network fee payments. These roles allow the community to actively participate in the development and decision-making within the WalletConnect ecosystem.
By supporting interoperability and decentralization, WCT is designed to strengthen the foundations of an inclusive and open Web3. This token also serves as a key means of maintaining the sustainability and security of the WalletConnect network, while promoting collaboration among users, developers, and partners across various blockchains.
