WCT is the native utility and governance token of the WalletConnect Network, a decentralized relay infrastructure powering connections between blockchain wallets and apps. Launched in late 2024, WCT serves several key purposes:
Governance: WCT holders vote on protocol upgrades, fee structures, and treasury allocations gate.com+15docs.walletconnect.network+15reddit.com+15binance.com.
Staking & Rewards: Node validators and users can stake WCT to earn rewards and contribute to network reliability .
Future Fees: Fees for using WalletConnect services may be paid using WCT, once governance enables them .
