$wallet conect and wctWalletConnect is a protocol that enables secure connections between non-custodial wallets and decentralized applications (dApps). Its native token, WCT, powers the onchain UX ecosystem, serving as a reward and governance mechanism.
*Key Features of WalletConnect:*
- *Secure Connections*: WalletConnect allows users to interact with dApps without sharing private keys, ensuring asset safety.
- *Multi-Chain Support*: It supports connections across multiple blockchains, enhancing utility in a multi-chain ecosystem.
- *Decentralized Messaging*: Future updates aim to incorporate secure messaging capabilities.
*WCT Token Functions:*
- *Governance*: WCT holders participate in decision-making processes, shaping the WalletConnect ecosystem's future.
- *Staking*: Users earn rewards by locking tokens, promoting network security and loyalty.
- *Rewards*: WCT incentivizes network participants, including node operators and wallet providers.
- *Fees*: Token holders decide on service fees, influencing the ecosystem's economy.
*WCT Token Details:*
- *Token Supply*: 1 billion WCT tokens exist, with 18.5% allocated for airdrops.
- *Blockchain*: WCT is built on the Optimism Layer-2 blockchain, leveraging scalability and low transaction costs.
- *Transferability*: WCT became fully transferable on April 15, 2025, allowing token holders to transfer tokens freely ¹ ².
*Getting Started with WalletConnect:*
1. Install a supported wallet, such as MetaMask or Trust Wallet.
2. Visit a dApp that supports WalletConnect.
3. Click "Connect Wallet" and select WalletConnect.
4. Scan the QR code using your mobile wallet app ³.
