🔍What is the WCT currency?🔎
It is the main currency of the WalletConnect network, and the currency operates on several key axes of the network, the most prominent of which are the following:
Transaction Fees: The team proposes using the currency for transaction fees of the services used on the network, but this has not been implemented yet; it will be under consideration by governance.
Rewards: The currency is used to reward and incentivize participants on the network who maintain security.
Staking: Currency holders can store their coins to earn staking rewards and participate in governance.
Governance: Currency holders can vote on governance decisions and determine the future of the project.
What is the WalletConnect project?
It is an infrastructure network aimed at facilitating the process of connecting cryptocurrency wallets to blockchain applications.
Initially, you have undoubtedly used or benefited from the WalletConnect project in the past, as the project has been in the market since 2018, and during its operation, it has helped simplify the use of blockchain for many people through mobile applications, while the use of blockchain applications before that was limited to traditional computers.
Since 2018, the project has continued to be one of the main pillars of the infrastructure for blockchain applications, as it integrates with more than 600 different wallets and is used on more than 60,000 different blockchain applications. In addition, it has facilitated over a quarter of a million wallet connections with ease and smoothness.
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