#WalletConnect
Token (WCT) is the native utility token of the WalletConnect Network, designed to facilitate decentralized governance, staking, and network participation within the WalletConnect ecosystem. It is an ERC-20 token launched on the Optimism network. The WCT token plays a crucial role in securing the network through staking, enabling community-driven governance through voting on protocol decisions, and incentivizing participation in the network's growth and development.
Here's a more detailed breakdown:
Key Features and Utility:
Decentralized Governance:
WCT holders can participate in the governance of the WalletConnect Network by voting on proposals related to protocol upgrades, fee structures, and other important decisions.
Staking:
Users can stake WCT tokens to help secure the network and earn rewards, with the amount staked and lock-up duration influencing a user's voting power and rewards.
Network Participation:
The WCT token incentivizes participation from users, developers, and node operators, aligning their interests with the long-term health and sustainability of the network.
Onchain UX Ecosystem:
WalletConnect is a decentralized network connecting users to apps across various blockchains, and the WCT token fuels this ecosystem by incentivizing participation and ownership.
