WalletConnect Token (WCT) is a utility token designed to power the WalletConnect ecosystem, enhancing the way decentralized applications (dApps) connect with cryptocurrency wallets. WalletConnect is an open-source protocol that allows seamless, secure communication between dApps and mobile wallets through QR code scanning or deep linking. With the introduction of WCT, the platform aims to incentivize developers, reward users, and support governance within the WalletConnect network. WCT plays a key role in transaction fees, staking, and participation in protocol upgrades. It also helps foster community-driven growth and encourages active contributions from both developers and users. The token is built to strengthen interoperability in the Web3 space, making wallet interactions more fluid and user-friendly across multiple blockchain networks. WalletConnect and WCT together promote a safer and more connected decentralized experience.
