$WCT
WCT (World Credit Token) is the native token of the World Credit Token project, which is typically positioned as a decentralized finance (DeFi) platform based on blockchain technology, aimed at revolutionizing the global credit system. Its core vision is to leverage the transparency, security, and immutability of blockchain to build a more equitable, efficient, and accessible international credit assessment and lending system.
WCT tokens play multiple key roles in this ecosystem:
1. **Ecosystem Fuel:** Used to pay for various service fees on the platform, such as credit inquiries, transaction fees, smart contract execution, etc.
2. **Governance Participation:** Holders may have the right to vote on project development proposals, participating in the platform's decentralized governance.
3. **Incentives and Rewards:** Users may receive WCT as a reward when providing credit data, participating in network maintenance (such as node staking), referring new users, or engaging in specific activities.
4. **Value Carrier:** Serves as a medium for value exchange within the platform and may capture the value of platform growth through a token economic model (such as a buyback and burn mechanism).