#WalletConnect🔥 @WalletConnect WCT (WalletConnect Token) is the native utility and governance token of the WalletConnect Network. It plays several integral roles within the ecosystem:

• Fees: WCT enables the community to vote on fee structures for services like relay usage—though the network initially operates fee-free. 

• Rewards: Tokens are distributed as incentives to participants who contribute to network security and efficiency. 

• Staking: WCT holders can stake tokens to earn rewards and engage in governance. 

• Governance: Staked WCT (stWCT) grants voting rights, allowing holders to propose and vote on protocol changes. Initial Non-Transferable Stage: At launch, WCT tokens were non-transferable to prevent speculative volatility and ensure a stable, ecosystem-first rollout. 

• Transferability Enabled: On April 15, 2025, WCT became fully transferable following governance approval, marking a crucial step in decentralization. 

Governance Phases: After the TGE, token holders enter phase 2 of decentralization, enabling staking, proposal submissions, and voting. 

• UX Council Vote (Feb 2025): The first formal governance proposal established a UX Council—a body focused on usability, wallet/dApp integration, and ecosystem growth. Voting was via Snapshot using staked WCT. 

• WalletConnect Council (Mid-2025): Later, the WalletConnect Council was introduced as a transition body combining technical and ecosystem voices. Initially advisory, its decision-making powers will expand