WalletConnect Token (WCT) is the native utility token of the WalletConnect Network, designed to incentivize participation and ensure decentralization. The initial supply of WCT tokens is capped at 1 billion. The token plays a crucial role in staking, governance, and network rewards, aligning the interests of users, developers, and node operators. By integrating WCT into its ecosystem, WalletConnect aims to create a self-sustaining infrastructure that operates without central control.
One of the primary utilities of WCT