When playing with Web3, you often hear about token economics. The WCT token of @WalletConnect is actually not that complicated. The core idea is to turn the network into a decentralized infrastructure that everyone can manage and benefit from together.
There are a total of 1 billion WCT tokens, and the quantity is fixed. The distribution is also aimed at long-term development: 7% for core development to upgrade the network, 17.5% to reward participants (like node operators, wallets, and application providers), 18.5% through airdrops to early users and developers to attract new users, 30% to support early teams and investors, and 27% managed by the foundation for collaboration, grants, and maintaining the ecosystem.
Its function relies on four pillars: First is staking, where locking WCT helps secure the network and allows you to earn rewards and participate in governance; second is rewards, where running nodes or promoting wallet applications can earn you WCT; third is governance, where token holders can vote on major network decisions, such as fee amounts and whether to upgrade technology; fourth is fees, where in the future, using relay services and other functions on the network may require paying WCT. This money helps keep the ecosystem running and rewards contributors.
$WCT is truly usable for participating in @WalletConnect network: staking ensures security, voting makes decisions, and services in the future will also require it. The entire economic system is designed to make the network more stable and more decentralized.
