The WalletConnect Token (WCT) is a governance token that powers the WalletConnect Network, a decentralized network enabling users to connect to apps on-chain. With a total supply capped at 1 billion tokens, WCT allows token holders to participate in protocol decision-making, such as voting on upgrades, funding initiatives, and strategic proposals.
*Key Statistics:*
- *Current Price*: $0.6472, with a 2.43% increase in the last 24 hours
- *Market Capitalization*: $120.51 million
- *Circulating Supply*: 186.2 million WCT coins
- *Maximum Supply*: 1 billion WCT coins
- *24-hour Trading Volume*: $129.54 million
*How WCT Works:*
The WalletConnect Network operates using service nodes and gateway nodes. Service nodes store data, while gateway nodes facilitate encrypted communication between wallets and dApps. WCT token holders can vote on network proposals, staking terms, and potential fees for services like relay usage. The network incentivizes participation through staking rewards, where users can lock up WCT tokens to secure the network and earn additional tokens in return ¹ ².
*Where to Buy WCT:*
WCT is available for trading on major centralized crypto exchanges like Binance, OKX, and DigiFinex, as well as on Bitget spot trading market. You can quickly buy or sell WCT on these platforms ² ³.