WalletConnect Token (WCT) is the native utility token of the WalletConnect protocol, an open-source infrastructure designed to securely connect cryptocurrency wallets with decentralized applications (dApps) across multiple blockchains. Launched in April 2025, WCT has garnered significant attention, especially following its debut on Binance Launchpool.
Key Features of WCT:
1. Governance Participation: WCT holders can influence the future of the WalletConnect protocol by voting on proposals related to upgrades and fee structures.
2. Staking Rewards: Users can stake WCT tokens to help secure the network and earn rewards. The staking durations range from one week to two years, with incentives increasing with the length of the commitment.
3. Performance-Based Incentives: Node operators and wallet providers are rewarded in WCT based on metrics such as uptime, latency, and the number of successful connections they facilitate.
4. Multi-Blockchain Support: WalletConnect supports various blockchain networks, including Ethereum, Solana, Polkadot, Cosmos, and Bitcoin, enhancing its interoperability within the Web3 space.
5. Strong Ecosystem Adoption: Since its inception, WalletConnect has facilitated over 240 million connections, serving more than 38 million unique active wallets and integrating with over 57,000 decentralized applications.
