@WalletConnect $WCT #walletconnet

WalletConnect Token (WCT) is a governance token used in the WalletConnect ecosystem, enabling token holders to participate in protocol decision-making. Here are some key details about WCT:

*Current Price and Market Info*

- The current price of WCT is around $0.331509, with a 24-hour trading volume of $185.24 million.

- The market capitalization of WCT is approximately $61.73 million.

- The token's price has decreased by 3.79% in the last 24 hours and 50.52% in the last month ¹.

*Tokenomics*

- The total supply of WCT is capped at 1 billion tokens.

- The token allocation includes:

- *WalletConnect Foundation*: 27% for partnerships, grants, ecosystem development, and operations

- *Airdrops*: 18.5% for seasonal airdrops to users, apps, wallets, nodes, etc.

- *Team*: 18.5% for team members

- *Rewards*: 17.5% for staking and performance rewards

- *Backers*: 11.5% for those who provided resources and support to the early-stage Network

- *Core Development*: 7% for further development of the protocol and related modules

*Use Cases*

- *Governance*: WCT holders can participate in protocol decision-making.

- *Staking*: Participants can stake WCT tokens to earn rewards and support network security.

- *Rewards*: WCT tokens are distributed as rewards to incentivize participation.

- *Fees*: WCT will be used to pay for network services, ensuring long-term sustainability ² ³.