$WCT or @WalletConnect WalletConnect Token, is the native utility token of the WalletConnect Network, the decentralized infrastructure powering connections between dApps and crypto wallets. Launched to further decentralize the network, WCT plays a crucial role in its on-chain UX ecosystem.

Its primary utilities include:

* Governance: WCT holders can propose and vote on key network decisions, influencing protocol upgrades, fee structures, and the network's future direction.

* Staking: Users can stake WCT to secure the network and earn rewards, contributing to its stability and earning additional tokens.

* Rewards: WCT incentivizes contributors, including node operators, wallets, and applications, for maintaining and enhancing the network.

* Fees: While currently optional, WCT can be used for future token-based fees for services like relays, creating a sustainable economic loop for the ecosystem.

WCT aims to foster a more permissionless and community-driven Web3 experience.