Here are the main features of the WCT (WalletConnect Token):
š Key Features of WCT Token
1. š Staking
* Users can lock up (stake) WCT for 1 week to 2 years.
* The longer you stake, the higher your staking rewards.
* Rewards are distributed weekly to stakers.
2. š³ļø Governance
* WCT holders vote on protocol changes, like:
* Fee adjustments
* Token inflation
* Reward structures
* Infrastructure proposals
3. š Rewards & Incentives
* WCT is used to reward node operators, wallet developers, and ecosystem contributors.
* Performance-based payouts for running WalletConnect Relayers.
4. šø Future Fee Utility**
* The network may introduce usage or relay fees in the future.
* WCT would be used to pay those fees, if approved by governance.
5. š Transferability
* Initially non-transferable.
* Became fully transferable in April 2025 after a governance vote.
6. š Ecosystem Growth
* Used to incentivize adoption of WalletConnect infrastructure.
* Wallets and apps integrating WalletConnect can earn WCT via participation.