​The WalletConnect Token (WCT) is the native cryptocurrency of the WalletConnect Network, a decentralized infrastructure that connects crypto wallets with decentralized applications (dApps). Its primary purpose is to facilitate secure, encrypted, and seamless communication across various blockchains, allowing users to interact with dApps without compromising their private keys.

​WCT is an integral part of the network's on-chain user experience, serving as both a utility and a governance token. Holders can participate in the network's governance by voting on key proposals, such as protocol upgrades and fee structures. The token also incentivizes network participants through staking and rewards, with a portion of the total supply allocated to node operators and other contributors who help maintain the network's security and performance. This tokenomics model aims to foster a more resilient and community-driven ecosystem, ensuring that the WalletConnect Network remains a vital and decentralized component of the Web3 space.