#WalletConnect
The WalletConnect Token (WCT) is the native utility token of the WalletConnect Network—a decentralized protocol that powers secure connections between crypto wallets and decentralized apps (DApps). It’s designed to support the network’s infrastructure and incentivize participation across wallets, apps, and users.
Here’s what WCT is used for:
- Fees: It’s used to pay for services like relay usage within the network.
- Staking: Users can stake WCT to earn rewards and help secure the network.
- Governance: Token holders can vote on proposals, giving the community a say in how the network evolves.
- Rewards: Participants are incentivized with WCT for contributing to the ecosystem.
WCT launched on Optimism’s OP Mainnet, combining Ethereum’s security with Optimism’s speed. The total supply is capped at 1 billion tokens, and the tokenomics are designed to avoid inflation—at least for now.
As of the latest data, WCT is trading around $0.33 to $0.36 USD, with a circulating supply of about 186 million tokens.
