Overview of WalletConnect & Token $WCT for those in need
🔗 What is WalletConnect?
WalletConnect is a protocol that helps users connect their crypto wallets to decentralized applications (dApps) via QR codes or deep links. Launched in 2018, it has become an important part of the Web3 infrastructure.
🚀 WalletConnect Network
The WalletConnect network aims to become a decentralized, open, and permissionless network. The native token of the network is WCT (WalletConnect Token), which plays a central role in governance and network development.
🪙 $WCT – Connect Token
Issued on Optimism (Layer 2 Ethereum).
Maximum supply: 1 billion tokens.
Initially non-transferable to focus on ecosystem development.
Used for staking, rewards, fees, and DAO governance.
⚙️ Main utility of WCT
Fees: For dApp/SDK using the service, users do not have to pay.
Rewards: For nodes and wallets that operate efficiently.
Staking: Users stake WCT to earn rewards and participate in governance.
Governance: WCT is used to vote on proposals in the DAO of the network.
📊 Token Allocation
27%: Foundation (development & partners)
18.5%: Airdrop (users & community)
18.5%: Project Team
17.5%: Rewards
11.5%: Early Investors
7%: Core Development
✅ Summary
WalletConnect is not just a wallet connection tool – it is also a decentralized platform that places the community at its center. With the WCT Token, users can participate in governance, receive rewards, and contribute to the long-term development of the network.
