#WalletConnect🔥 @WalletConnect The WalletConnect Token (WCT) is the native, utility, and governance token of the decentralized WalletConnect Network, a blockchain-agnostic protocol powering secure wallet-to-dApp connections across web3 ecosystems .

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Key Utilities of WCT

WCT serves four primary roles within the WalletConnect ecosystem:

1. Fees

Though no fees are charged at launch, WCT holders can vote on introducing fee models (e.g., relay usage fees for dApps and wallets) through governance .

2. Rewards

Approximately 17.5% of the total token supply is reserved for incentivesThese rewards support node operators, wallet providers, and other contributors based on uptime, performance, or participation .

3. Staking

WCT can be staked for network participation and governance.

Staking durations range from 1 week to 2 years, with longer lock-ups yielding more rewards. Unstaking includes a 7-day waiting (unbonding) period .

4. Governance

WCT holders can stake tokens to gain voting rights, influencing network changes via platforms like Snapshot and Discourse.

Governance is structured in phases—from Foundation-led to community-led governing councils .

Supply Cap: Fixed at 1 billion WCT .

Allocation Breakdown:

Allocation Category Percentage

WalletConnect Foundation 27%

Airdrops (e.g., Season 1) 18.5%

Team 18.5%

Rewards Pool 17.5%

Previous Backers 11.5%

Core Development 7%

Vesting: Team, developers, and backers have a 4-year unlock schedule, starting with a 1-year cliff after TGE (Token Generation Event) .