#wallerConnet
WCT is not just an ordinary token; it plays a key role in the ecosystem, driving the efficient operation and continuous growth of the network. The main uses of WCT include the following aspects:
1. Network Participation Rewards: Users can earn rewards by staking WCT, running nodes, and collaborating with wallets, encouraging active participation and ensuring system stability.
2. Enhancing Network Performance and Reliability: Staking WCT helps improve network security, maintain optimal performance, and incentivize community contributions, promoting sustainable development of the ecosystem.
3. Governance and Voting Rights: WCT holders can vote on important decisions (such as protocol upgrades and system improvements), thus influencing the future direction of the network.
4. Sustainable Sources of Income: WCT is used to pay transaction fees and other income channels, contributing to the long-term development and economic stability of the ecosystem.
In the early stages of governance, the WalletConnect Foundation will be responsible for managing the project. As the project develops, the foundation will gradually transfer governance authority to a committee elected by the community, which will be responsible for various matters such as partnerships and technical development.
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