Want to understand WCT? The token economics of WalletConnect is actually quite simple.
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.