#walletconnect
WalletConnect (WCT) is a token that powers the on-chain UX ecosystem, enabling seamless connections between wallets and decentralized applications (dApps) across various blockchain networks.
*Key Features:*
- *Token Functions*: WCT has four primary functions within the WalletConnect Network:
- *Fees*: Token holders can vote on fees for Network services like relay usage.
- *Rewards*: WCT tokens are distributed as rewards to incentivize participation and contribute to Network security and efficiency.
- *Staking*: Participants can stake WCT tokens to earn rewards and participate in governance.
- *Governance*: WCT holders can vote on proposals and changes, giving the community control over the Network's development.
- *Transferability*: WCT tokens became fully transferable on April 15, 2025, allowing token holders to transfer their tokens freely between wallets and addresses.
- *Staking*: Users can stake WCT tokens to earn rewards and participate in governance, with staking positions having a lock period and rewards distributed weekly.
*Current Price and Market Data:*
- *Price*: $0.2951 (1.3% increase in the last 24 hours)
- *Market Capitalization*: $54.92 million
- *24-hour Trading Volume*: $23.12 million
- *Circulating Supply*: 186.20 million tokens (18.6% of max supply)
- *Max Supply*: 1 billion tokens$WCT