First: Definition of $WCT
WCT is the native utility token of the WalletConnect network—a decentralized protocol that facilitates communication between digital wallets and decentralized finance applications (dApps) without relying on a central party. This token is used in multiple aspects of the system, such as governance, rewards, and staking, and is now fully transferable as of April 15, 2025.
1. Decentralized Governance
WCT holders can participate in making critical decisions such as protocol updates, network fees, reward distribution, and other aspects that may determine the future of the project.
The Blue Ink path is organized as follows: discussions begin on the Discourse platform, and votes are then taken via Snapshot.
Governance aims to gradually transfer control from the WalletConnect Foundation to an independent community represented by professional councils and partnerships.
2. Staking and Rewards
Staking officially began on November 26, 2024, and the first reward distribution began on December 19, 2024.
Stake weight is calculated according to a formula combining the number of tokens and the duration of the lock—this determines your governance influence and the amount of rewards.
Weekly interest is distributed on Thursdays, and the lock may be renewed or tokens may be added to increase the yield.
Some trading platforms offer the opportunity to complete staking outside of the protocol.
3. Future Fees
Currently, the WalletConnect network does not impose fees, but the community has the right to impose future fees, such as Relay fees, supported by governance voting.
The goal of these fees is to support the financial sustainability of the network without relying on a central authority.
4. Transferability
Initially, WCT tokens were non-transferable to ensure their focus on governance and staking within the network.
However, since April 2025, they have become freely tradable, after meeting governance and stability standards according to a clear timeline.
5. System Architecture and Its Impact on Web3
WalletConnect is an open-source protocol used to easily and securely connect wallets to DeFi applications via QR codes or deep linking—without the need for additional browsers.
It supports over 600 wallets and 40,000 applications, and records millions of connections daily.
Therefore, investing in WCT means supporting a centralized infrastructure in the Web3 world—one that remains at the forefront of this digital revolution.
The reasons vary with each project so please do your own research before doing anything.
$WCT @WalletConnect #WalletConnect