WCT and the Integration of Bidding Rights in On-Chain Art Auctions
WCT collaborates with on-chain art auction platforms to deeply integrate tokens with bidding rights. Users who stake WCT can obtain bidding qualifications, and the amount staked determines the upper limit of the bidding quota (for every 100 WCT staked, users can receive a bidding quota of 1000 USD). Users who successfully bid on artworks in the auction can enjoy a WCT cashback reward of 5% - 10% of the final transaction price. After the platform was integrated, the number of participants in art auctions increased by 80%, and the auction turnover grew by 120%, with WCT payments accounting for 45%. The collaboration in on-chain art auctions allows WCT to penetrate the high-end cultural and artistic consumption sector, enhancing the application value and market influence of the token through the high-value nature of art auctions.