Utility of WalletConnect Token (WCT) ♤
WCT Token Utilities
1. Governance
WCT holders can vote on proposals related to:
Protocol upgrades
Treasury management
Fee structures
Ecosystem incentives
Governance decisions are made through a decentralized DAO structure.
2. Staking & Delegation
WCT is used for staking by node operators to secure and validate relays between wallets and dApps.
Users can delegate tokens to trusted validators to earn a share of rewards.
3. Incentives & Rewards
Participants in the ecosystem (wallets, dApps, relayers) receive WCT rewards for contributing to:
Reliable connectivity
Usage volume
Protocol adoption
4. Fee Payments (Future Implementation)
As the network grows, certain advanced services (e.g., priority relays, analytics, cross-chain connections) may require fee payments in WCT.
5. Protocol Alignment & Ecosystem Growth
By giving WCT holders influence, the protocol ensures alignment between users, developers, and relayer nodes.
Used in grants and ecosystem funds to support WalletConnect integrations and innovations.
