Token #WCTToken (WCT) is the native token of the WalletConnect protocol, which facilitates secure and convenient connections between crypto wallets and decentralized applications (dApps). It allows users to connect their wallets to dApps via QR codes or deep links, without exposing their private keys.
In summary, WCT is the token that powers the WalletConnect ecosystem, an open and decentralized ecosystem, offering incentives and governance.
Here are some additional details:
✍️Functioning:
The #wct is used for various operations on the #WCTToken network, such as rewards for users, developers, and wallets.
👉Utility:
The #WCTToken can be used to vote on governance proposals of the WalletConnect network, as well as for rewards and incentives for using the protocol.
Distributions and earnings:
WCT tokens can be earned through mechanisms like the Binance Launchpool, where users can hold cryptocurrencies (such as BNB or USDC) and be rewarded with a share of the WCT tokens.