jhoselinb
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#WalletConnect has its own token called $WCT . It is an ERC-20 token with a total supply of one billion tokens. WCT was launched on the Optimism network and is used for multiple purposes within the ecosystem @WalletConnect .
Governance: WCT holders can help decide how the network evolves, from protocol updates to fee structures.
Staking: Users can allocate WCT tokens to staking to help secure the network and earn rewards in return. Staking durations range from one week to two years, with incentives increasing with the length of commitment.
Performance-based rewards: Node operators and wallet providers are rewarded in WCT based on metrics such as uptime, latency, and the number of successful connections they facilitate.
Future fees: Although WalletConnect does not currently charge fees, WCT could be used for transaction fees later if the community votes in favor.
Governance: WCT holders can help decide how the network evolves, from protocol updates to fee structures.
Staking: Users can allocate WCT tokens to staking to help secure the network and earn rewards in return. Staking durations range from one week to two years, with incentives increasing with the length of commitment.
Performance-based rewards: Node operators and wallet providers are rewarded in WCT based on metrics such as uptime, latency, and the number of successful connections they facilitate.
Future fees: Although WalletConnect does not currently charge fees, WCT could be used for transaction fees later if the community votes in favor.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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