WCT (WalletConnect Token) is the native token of the WalletConnect Network, a decentralized protocol used for connecting cryptocurrency wallets with decentralized apps (dApps). It was launched in 2018 and has become widely adopted across blockchain ecosystems.
Key Uses of WCT:
Fees: It can be used to pay for network services like relay usage.
Rewards: WCT is distributed to incentivize participation.
Staking: You can stake WCT to help maintain the network and earn rewards.
Governance: WCT holders can vote on network decisions.
Tokenomics:
Total Supply: 1 billion WCT
Initial Circulating Supply: About 186 million WCT
Distribution: 27% to WalletConnect Foundation, 18.5% to airdrops, 18.5% to the team, and more.
Current Market Info:
Price: Around $0.40 USD.
24-Hour Volume: Over $3 million.
Price Range: Between $0.386 and $1.37 in the last 24 hours.
Blockchain and Contract:
WalletConnect uses Optimism (an Ethereum Layer 2 solution).
The smart contract address is: 0xef4461891dfb3ac8572ccf7c794664a8dd927945.
Recent Updates:
WCT was launched on Binance Launchpool, allowing users to farm tokens.
It will be listed on Binance starting April 15, 2025.
Ecosystem:
WalletConnect is supported by major companies like Consensys, Ledger, and others, and has facilitated over 150 million connections across various blockchain networks like Ethereum, Solana, and Polkadot.