Waves Community Token (WCT) is a utility token within the Waves blockchain ecosystem. It facilitates transaction processing, decentralized application (dApp) deployment, and governance participation. WCT's total supply is capped, ensuring scarcity and preventing inflation. The distribution model includes allocations for early investors, developers, the founding team, community rewards, and liquidity pools. WCT serves multiple functions, such as paying transaction fees, staking, governance participation, and dApp integration. The token employs a deflationary supply model and a quadratic voting system for governance, promoting decentralized decision-making. It also utilizes a Byzantine Fault Tolerance (BFT) consensus mechanism augmented by staking.
