As the token of @WalletConnect , $WCT
originating from its resolution of early wallet connection lag issues. A total of 1 billion tokens, with early transfer restrictions, only circulating when nodes and staking standards are met, establishing a solid foundation.
Functionally, $WCT can be used for developer payments, rewards for nodes and wallet providers, staking can yield returns and governance rights, truly connecting usage, incentives, and governance.
#WalletConnect has served over 150 million connections, covering over 600 wallets, more than 40,000 applications, with a base of 23 million users, and clear demand. This led to a frenzied rush for WCT upon its launch—CoinList oversubscribed by 4 times, and Bitget saw 300 million in subscriptions within 4 hours.
Current price is $0.31, market cap is approximately 58 million, circulating supply is 186 million (accounting for 18.6%), having dropped more than 70% from the peak of $1.35, presenting a low-position opportunity.
WCT is not about speculative concepts, but rather a 'universal bridging card' for Web3, binding all parties in the ecosystem and growing with the traffic. It seeks no gimmicks, only to ensure that the Web3 ecosystem can progress more steadily and further.