#WalletConnect WCT coin is the native token of the WalletConnect Network, a decentralized platform that connects crypto wallets with decentralized applications (dApps). It's an ERC-20 token deployed on the Optimism network. WCT is used for governance, allowing holders to participate in decisions about protocol upgrades and fee structures. It also incentivizes participation and enables access to premium network features.
Here's a more detailed breakdown:
Native Token: WCT is the core token of the WalletConnect ecosystem.
ERC-20 Token: It's built on the Ethereum blockchain and adheres to the ERC-20 standard.
Optimism Network: WCT is deployed on Optimism, known for its speed and low transaction fees.
Governance: WCT token holders can vote on proposals to improve the WalletConnect protocol.
Utility: WCT fuels the WalletConnect Network by supporting various functions like node staking, reward distribution, and access to premium features.
Decentralized Connectivity: WalletConnect is a protocol that facilitates secure connections between wallets and dApps, and WCT is integral to this process.
Cross-Chain Interoperability: WalletConnect supports multiple blockchains, including Ethereum, Solana, Cosmos, and Bitcoin, and WCT helps in this interoperability.
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