#WalletConnect
🔹 What is WCT token?
WCT (Waves Community Token) is a token on the Waves blockchain, which was created in 2017 to make the community of the Waves platform more active and stronger.
Its main goals were:
To provide community voting facilities for new projects/ICOs
To reward active members of the Waves community
To increase community participation in project evaluation
🔸 How did the WCT token work?
1. Voting and rating system:
Those who held WCT tokens could rate new projects or tokens on the Waves platform. For example:
If a new ICO or project came out, WCT holders could vote on whether the project was good or bad, trustworthy or not.
2. Token Distribution:
WCT tokens were originally distributed through airdrops to Waves token holders.
Those who were active in the Waves community received WCT tokens as a reward.
🔸 Token Information:
FeaturesDetailsToken NameWaves Community TokenTickerWCTPlatformWaves BlockchainPurposeCommunity Voting, Ratings, RewardsLaunch Time2017
🔹 Current Status of WCT
Currently (as of 2025) the WCT token is no longer as useful or popular. The Waves platform has focused on new features and the token ecosystem over time, which has reduced the role of WCT.
Its market value has also decreased significantly, and it is no longer traded on many exchanges.
🔸 Why is WCT no longer used?
Waves’ own development:
The Waves platform has since developed a number of new features and tools.
The need for community ratings has been reduced.
New governance model:
The Waves platform has introduced a new governance and voting system.
Low liquidity and user attrition:
The token’s use has decreased, leading to a decrease in liquidity on exchanges.
🔹 Conclusion
The WCT token was an important initiative for the Waves community, but it is now outdated and largely unused. However, it once played a significant role in increasing activity and participation in the Waves community.