WalletConnect Token (WCT) is a digital asset integral to the WalletConnect Network ecosystem. It's designed to encourage community involvement and improve the on-chain user experience through mutual incentives.
*What is WalletConnect?*
WalletConnect is a decentralized network enabling users to connect their wallets to decentralized applications (dApps) securely. Founded in 2018, it has expanded to support multiple blockchain networks and facilitate seamless interactions.
*Key Features of WCT:*
- *Governance*: WCT holders can influence network decisions through voting, ensuring a decentralized approach to governance.
- *Staking*: Participants can stake tokens to earn rewards and participate in governance, supporting network stability and security.
- *Rewards*: Tokens incentivize network contributors, such as service nodes and wallets, to maintain high-quality performance.
- *Network Fees*: WCT may be used for future fee payments, with the community determining the fee model through governance.
*Tokenomics:*
- *Total Supply*: 1 billion WCT tokens.
- *Token Allocation*:
- *WalletConnect Foundation*: 27% (270 million WCT) for ecosystem development and partnerships.
- *Airdrops*: 18.5% (185 million WCT) for distribution to users, applications, wallets, and nodes.
- *Development Team*: 18.5% (185 million WCT) as compensation for core development.
- *Rewards*: 17.5% (175 million WCT) for staking and performance-based rewards.
- *Previous Backers*: 11.5% (115 million WCT) for early supporters.
*Market Performance:*
- *Current Price*: $0.3132-$0.31.
- *Market Capitalization*: $58.32 million-$58.15 million.
- *24-hour Trading Volume*: $48.4 million-$63.6 million.
*Future Outlook:*
WalletConnect is poised to unveil significant enhancements, including WalletConnect v2, Smart Sessions, and Link Mode. These updates aim to improve functionality, security, and user experience. With its dominant position in the Web3 ecosystem and the integral role of WCT in governance and incentives, WalletConnect is expected to continue shaping the decentralized web landscape ¹ ².#WCTToken 
