The currency $WCT is a token of the project #WaIIetConnect which is an open-source protocol that allows cryptocurrency wallets to connect to decentralized applications (DApps) in a secure manner. The WCT token is used for governing the WalletConnect network, storing the token to ensure network security and earn rewards, performance rewards for contract operators and wallet providers, as well as potentially being used in the future for transaction fees.

What is the WalletConnect (WCT) project?

It is a protocol that connects digital wallets to decentralized applications (DApps).

It enables users to connect their wallets to decentralized applications by scanning a QR code or using deep links, instead of relying on browser extensions or copying and pasting wallet addresses, thus improving user experience and enhancing security.

The WalletConnect protocol supports major blockchains such as Ethereum, Solana, and Cosmos, making it a key component in the infrastructure of #Web3 .

It allows WCT holders to participate in decision-making that affects the development and upgrades of the WalletConnect protocol.

Users can stake (Staking) WCT tokens to secure the network and earn rewards for doing so, with increased incentives based on the duration of the commitment.

Contract operators and wallet providers who offer high-performance services, such as long uptime and a number of successful connections, are rewarded with WCT tokens.

WCT can be used to pay transaction fees within the protocol if the community decides so.#WaIIetConnect #waIIetconnect #WCT #Binance $WCT