#WalletConnect WCT is the native token of WalletConnect, launched in September 2024, with the aim of promoting decentralization, incentivizing participants, and maintaining the sustainability of the protocol.
Main functions of WCT:
Network fees: Future fees could be paid in WCT to support the network.
Incentives and rewards: 17.5% of the supply is used to reward nodes and wallets based on their performance.
Staking: Users can lock their tokens to earn rewards and support the network.
Governance: Holders can vote on key decisions starting in the second quarter of 2025.
Ecosystem growth: It is used to promote the development of dApps and strategic partnerships.
Factors influencing its price:
Adoption of WalletConnect by users, dApps, and wallets.
Expansion of the ecosystem and integration with new blockchains.
Overall sentiment of the crypto market.
Tokenomics and supply distribution.
Important news and announcements from the project.
