WCT – The backbone of the WalletConnect ecosystem
WalletConnect is a protocol that connects decentralized wallets (Web3 wallets) with blockchain applications, widely used globally. Aiming to become the 'standard gateway' for users to participate in Web3, the project introduced WCT (WalletConnect Token) – the core utility token.
WCT is not only a means of paying service fees within the network but also plays a governance role, allowing the community to participate in voting on the protocol's development direction. Additionally, WCT supports staking, encouraging users to contribute liquidity and secure the connection infrastructure.
The strength of WalletConnect lies in its extensive integrated network, with hundreds of wallets and thousands of Web3 dApps. The introduction of WCT into the ecosystem helps balance utility – security – decentralization, opening up a sustainable model for millions of users worldwide.
WCT is not just a token; it is the foundation that helps WalletConnect maintain its position as the number one Web3 bridge.