Tokenomics #WalletConnect ($WCT )

WalletConnect (WCT) is the native utility and governance token of the WalletConnect network. The total supply is 1 billion, distributed as follows:

In network #WalletConnect $WCT , there are several utility functions:

Staking: Users can stake WCT to support the operation of the network and earn rewards.

Governance: Token holders can participate in decision-making that will affect future developments of the network.

Fees: WCT can be used to pay for network services such as relaying.

Rewards: Participants receive WCT tokens as an incentive to ensure the stability and growth of the network.

Initially, WCT cannot be transferred to keep the tokens within the WalletConnect ecosystem, supporting its functionality and the development of the network. Based on discussions within the community, transfers will be carried out based on community consensus and future governance decisions.$WCT