Waves Community Token (WCT) is a token that was created on the Waves blockchain platform to support community engagement, project evaluation, and decision-making within the Waves ecosystem. It was launched in early 2017 as part of an initiative to encourage participation and transparency in the development of Waves-based projects.
Community Governance:
WCT was designed to empower the Waves community by allowing token holders to vote on which projects deserve support or funding.
It gave weight to the opinions of experienced community members.
Reputation System:
WCT acted as a kind of reputation token. The more WCT a user held, the more influence they had in voting and decision-making.
Developers and teams could earn WCT for contributing positively to the ecosystem.
Transparency & Decentralization:
WCT helped make project evaluations more transparent.
Voting was decentralized and recorded on the blockchain, ensuring fairness.
Token Distribution:
WCT was distributed to WAVES token holders in early 2017.
Holders received WCT proportionally based on their WAVES balance, via airdrops.
Not a Payment Token:
WCT was not designed for traditional payments or purchases like Bitcoin or Ethereum.
Its main value was in governance and community influence.
🔸 Current Status:
WCT was most active during the early development years of the Waves ecosystem (2017–2018).
Over time, its role declined as the Waves platform introduced new governance mechanisms.
Today, WCT is not widely used and has little trading volume, but it still exists on the Waves blockchain.
🔍 Use Cases Summary:
Use CaseDescriptionVotingEvaluate and rate new projectsReputationRecognize trusted community membersEcosystem IncentivesEncourage quality development
Conclusion:
WCT was a unique initiative aimed at improving governance and transparency within the Waves ecosystem. While it has lost prominence over time, it played a key role in the early stages of community building and project evaluation on the Waves platform.
