wct

The $WCT coin's utility model offers a distinct advantage over governance tokens of similar projects by deeply integrating its utility into the core infrastructure of the @WalletConnect network. While many governance tokens exist primarily for on-chain voting, often sitting idle, WCT is designed to be an active, functional component of the protocol's operations, tying its value directly to network usage.
Unlike a governance token that merely represents a voting right, WCT is integral to both the current and future economic model of #WalletConnect . It's a utility-first governance token. This dual-purpose design ensures that WCT holders have a vested interest in the protocol's success, as their tokens are not only used for critical decisions but also for practical functions like staking and, eventually, fee payments. The potential move to an on-chain messaging layer, whether as a Layer 1 or Rollup, would solidify this advantage by making WCT the native asset for gas fees and transaction settlements.
This model is a powerful contrast to projects where the governance token's primary role is limited to a one-time vote, often leading to a lack of sustained utility and value. WCT’s utility extends beyond a simple "yes" or "no" vote. It is the lifeblood of a universal Web3 communication standard, incentivizing node operators, rewarding network participants, and providing a sustainable economic framework. This real-world utility, tied to an infrastructure that handles millions of connections daily, makes WCT's model uniquely robust and fundamentally different from a speculative governance asset.