WCT coin stands for Waves Community Token – a type of token issued on the Waves blockchain platform.
Main purposes and functions:
1. Reward for community contributions:
WCT is distributed to those who actively contribute to the Waves ecosystem (such as software development, content creation, community support…).
2. Voting rights:
WCT holders can use it to vote on ICO projects or development proposals within the Waves ecosystem. The more WCT one holds, the more weight their vote carries.
3. Encouraging the community:
WCT helps build a trust rating system, motivating users to actively contribute.