WalletConnect Token (WCT) is the native utility token of the WalletConnect ecosystem. It's an ERC-20 token deployed on the Optimism network and serves multiple functions, including governance, staking, and network participation rewards. Here's a more detailed breakdown: Key Functions: Governance: WCT holders can participate in the governance of the WalletConnect protocol by voting on proposals related to protocol upgrades, fee structures, and other important decisions. Staking: Users can stake WCT tokens to earn rewards and contribute to the security and stability of the network. Network Rewards: WCT is used to reward node operators and service providers based on their performance metrics, ensuring the network runs smoothly and efficiently. Potential Future Use: WCT may also be used for transaction fees in the future, pending governance approval. Tokenomics: Total Supply: 1 billion WCT tokens. Circulating Supply: 186.2 million WCT tokens
Bitcoin and Ethereum prices have been on a wild ride lately, shooting up 20% in the last week alone. This surge has sparked speculation about how high the cryptocurrency markets can go.
Bill Miller III is a fund manager and investor from the United States. He recently confirmed his support for Bitcoin (BTC) and stated it is a different asset. During a live broadcast on CNBC, Miller III compared BTC to other assets that have struggled in the past.