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• • Successfully passed securitization upgrades during a rapid three-hour voting period

• • Key innovations include perpetual securitization, user-driven cancellation, and flexible duration options (from 4 to 104 weeks)

• • This strategically coincides with the closure of the WCT claim process on the Solana network, indicating a restructuring of the infrastructure

Driving factors

• • The fixed supply of one billion WCT tokens creates a potential scarcity effect with increasing adoption

• • The redesign led by governance addresses liquidity constraints and improves reward distribution efficiency

• • Similar governance reboots in the past have caused volatility spikes of 15-30% during the first week

Trading-related indicators

• • Watch resistance levels near $0.85 (20-day exponential moving average) and $1.10 (previous peak)

• • Support areas around $0.60 (50-day simple moving average) and $0.45 (Fibonacci retracement) may attract buyers

• • The perpetual securitization mechanism may reduce circulating supply by 20-25% over six months

Community vision

• • Square's posts highlight the "balance between adoption incentives and supply discipline" provided by the protocol

• • Technical analysts expect longer holding periods due to the incentives associated with perpetual securitization

• • WalletConnect announcements on platform X provide additional insight into future steps#Write2Earn #Binance #bitcoin #WIF $ORDI $ETH $TON