In addition, WalletConnect is also exploring the potential use of tokens for:

Network security, for example as collateral in new systems.

Partnerships and ecosystems, providing special benefits for users and partner projects.

So, its function is indeed evolving, and is still in the roadmap & development stage. Once everything is in place, WCT will not just be an ordinary token but will become the backbone of a larger WalletConnect ecosystem. $WCT