#WalletConnect and WCT$

WalletConnect is a crucial open-source protocol that enables secure communication between cryptocurrency wallets and decentralized applications (dApps).

It acts as a bridge, allowing users to interact with dApps by scanning a QR code or using a deep link, all while keeping their private keys safely within their wallet.

This enhances security and user experience by eliminating the need for browser extensions or exposing sensitive information.

The WalletConnect Token ($WCT) is the native utility and governance token of the WalletConnect Network.

It plays a vital role in the ecosystem's decentralization and sustainability. $WCT holders can stake their tokens to secure the network and earn rewards, participate in governance by voting on protocol upgrades and fee structures, and eventually use $WCT to pay for network services.

This makes $WCT integral to the future development and operation of the WalletConnect infrastructure, which already facilitates millions of connections across numerous wallets and dApps.