#WCTToken $WCT @WalletConnect WalletConnect Token (WCT) plays a vital role in the WalletConnect Network, serving as a utility token for various ecosystem functions. Here are some key aspects of WCT's importance:

- *Governance*: WCT holders can participate in decision-making processes, proposing and voting on critical decisions that shape the network's future, such as technical upgrades and fee structures.

- *Staking*: Users can lock WCT tokens to secure the network, earn rewards, and contribute to governance, promoting network stability and user engagement.

- *Network Services*: WCT tokens are used to pay for essential network services like relays, creating a self-sustaining economic loop that supports ecosystem growth.

- *Community Empowerment*: By holding WCT, users have a stake in the network's success and can contribute to its development, fostering a community-driven approach to innovation and growth.

*Key Features:*

- *Fixed Supply*: 1 billion WCT tokens, designed to balance ecosystem growth with decentralization.

- *Token Allocation*: Breakdown includes core development (7%), rewards (17.5%), airdrops (18.5%), and team/backers, ensuring alignment with network goals.

- *Non-Transferability*: Initially, WCT tokens are non-transferable to prioritize stability and ecosystem development, with transferability to be activated through governance.

*Investment Potential:*

- *Growth Opportunities*: WCT has shown significant price movements, with potential for future growth driven by ecosystem adoption and community engagement.

- *Partnerships and Funding*: WalletConnect has raised over $24.75 million from prominent funds, including Hashkey, Coinbase, and ConsenSys, indicating strong support and potential for future development.