$WCT The core function of WCT Token

Decentralized Governance

WCT Token gives holders the right to participate in the governance of the WalletConnect network. Holders can vote on network proposals (such as fee structures or feature upgrades) to ensure the community’s leading position in network development. This decentralized governance model makes WCT Token a key pillar of community-driven eco.

Staking and Rewards

Users can support the stability and security of the network by staking WCT tokens and receive corresponding rewards. 17.5% of the initial WCT token supply is allocated to incentivize network participants, including wallet providers, node operators, etc. This mechanism not only enhances the security of the network but also provides holders with the opportunity for passive income.

Fee Payment

While WalletConnect network currently does not charge any fees, a fee structure based on Monthly Active Users (MAU) may be introduced in the future, with WCT token becoming the primary tool for paying these fees. This design aims to ensure the long-term sustainability of the network while creating more use cases for the WCT token.