What is the WCT token?
The WCT token is short for Waves Community Token, launched in 2017 on the Waves blockchain. It aimed to support the Waves community by rewarding active users and giving them a role in voting on new projects within the platform.
WCT was distributed for free to WAVES token holders and was considered a tool for participating in governance and voting on project evaluations, contributing to a more decentralized and transparent environment.
Over time, as the Waves network evolved, the use of WCT significantly declined, and it became ineffective in the market. Many of its functions were replaced by more advanced governance systems within the new Waves ecosystem.
Currently, the WCT token is not widely used in trading and is not considered an active investment. However, it remains a part of Waves' history and illustrates how community participation mechanisms have evolved in the blockchain world.
