You may have just connected to the wallet with a single click, but behind this, WCT is silently supporting it. WCT is not only the universal token of WalletConnect but also a catalyst for enhancing user experience and facilitating participation in the ecosystem.
The WalletConnect protocol supports over 150 chains and more than 500 wallet applications, allowing users to seamlessly operate across different platforms and complete on-chain interactions through encrypted QR codes or deep link connections. The birth of WCT precisely aligns with this connection, enabling users, developers, node operators, and others to share incentives and governance rights.
It allows users to earn rewards through staking, guide the direction of the ecosystem through governance voting, and may also be used to build future payment mechanisms. WCT empowers every ecosystem participant to have their own "on-chain voice."
One can imagine that in the future, when you sign and interact on a dApp, it may simultaneously trigger the distribution of WCT incentives – this will further enhance the sense of participation and stickiness in the ecosystem. If you wish to explore how to connect user needs and technical protocols with WCT in your creations, this topic is particularly worth delving into.
