The WCT project refers to WalletConnect and its native token, WCT—formally known as the Connect Token. Here’s a detailed breakdown
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🧩 What is WalletConnect?
• WalletConnect is an open-source protocol (launched in 2018) that enables secure connections between crypto wallets and decentralized apps (dApps) using QR codes or deep links.
• It supports a wide range of blockchains like Ethereum, Solana, Polkadot, Cosmos, Bitcoin, and more .
• It handles encrypted messaging through service nodes and gateway nodes, ensuring private keys never leave the user’s wallet .
🎟️ What is WCT (Connect Token)?
• WCT is the protocol’s utility/governance token, launched on the Optimism network.
• Total supply: 1 billion tokens .
• Initial non-transferable — transferred only once the community votes to unlock trading
Key Utilities of WCT
1. Governance
• Token holders vote on network upgrades, fee proposals, staking parameters, etc. .
2. Staking
• Users/stakers (e.g., node operators) can stake WCT from 1 week up to 2 years, earning rewards proportional to stake and duration .
3. Rewards/Incentives
• Operators and developers earn tokens based on performance (uptime, connections, etc.) .
4. Future Fee Mechanisms
• Though free now, WCT may later be used to pay for relay services, pending governance decisions .
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📈 Ecosystem & Launch Highlights
• Broad adoption: Over 150–240 million connections across 35–45 million users, 600+ wallets, and tens of thousands of apps .
• Launch details:
• Launch date: April 15, 2025, with trading on major crypto exchanges (Binance, OKX, Kraken, etc.) .
• Binance Launchpool: Distributed 40 million WCT (~4% of supply) by staking BNB, USDC, or FDUSD .
• Tokenomics:
• 27% to Foundation, 18.5% team, 18.5% airdrop, remainder for rewards and early supporters .
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💹 Market Response
• The token debuted at ~$0.40, surged temporarily to ~$0.63, then declined by ~30% amid early sell-offs .
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✅ Summary
WalletConnect + WCT combines a widely adopted connection protocol with a tokenized ecosystem driving decentralized governance, staking, alignment incentives, and future fees. It underpins the infrastructure of Web3 and is now moving toward fully decentralized control by its community.#WCTToken #Wctpriceprediction
