Almost everyone has used WalletConnect. If you are transacting on blockchains, you must have seen the WalletConnect logo.
The governance token of the WalletConnect network is $WCT made a quick entry into exchanges and achieved a serious rise. After listing, the first price of WCT was $0.4, and it surpassed $1.38, marking a 4x increase. This rise of WCT caught everyone's attention. Due to market conditions, WCT experienced a decline, but there are many reasons for a new rise.
The increasing interest in WCT has led to more curiosity about WalletConnect. What is WalletConnect, which has the logo that we all know?
WalletConnect is an open-source network that connects users to decentralized applications with a secure and interoperable protocol. With WalletConnect, you can easily connect your digital wallets to decentralized applications.
WalletConnect facilitates access to centralized applications for over 45 million users. With over 300 million connections worldwide, WalletConnect gives tremendous power to the WEB3 ecosystem.
From DeFi to NFT; you can perform all on-chain transactions from exchange operations to staking with WalletConnect. Every year, billions of dollars flow through the WalletConnect network, which seamlessly connects wallets, applications, and blockchains.
With WalletConnect, which has a tremendous flow of money, we find the opportunity to perform many on-chain transactions. You can understand from this data that the success of WCT is not a coincidence.
The WCT token has become the native token and governance token of the WalletConnect network. Staking operations, rewards, and participation in governance will occur on the network.$WCT will take place.
The total and maximum supply of WCT is limited to 1 billion. The circulating supply is 186.2 million...
The foundation of the WalletConnect network is decentralization. At this point, plans are being made to gradually create a more decentralized network. WalletConnect, which started its WEB3 adventure in 2018, has become a well-known network and a cornerstone of connection in WEB3. These successes signal important developments for WCT.
In today's world, where decentralization is becoming more valuable every day, WalletConnect and WCT can stand out even more.
If you have invested in or are going to invest in WCT Token; you should also know about the staking possibility in WCT token... You can turn your WCT tokens into a passive income source with an APR rate of 22.75% through the link https://staking.walletconnect.network/ (NOTE: APR rates may vary).
Staking is very easy. Connect your wallet. Approve the staking contract. Start staking by selecting your WCT amount and lock duration. You can choose your lock duration with weekly or monthly options.
Staking rewards are distributed weekly. After your lock duration is over, you can exit the staking process by pressing the Unstake button.
If you are considering a long-term investment, you can use staking operations. You should definitely learn about the passive income sources of cryptocurrencies.
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