@WalletConnect
The WCT crypto coin refers to the WalletConnect Token, which is the native utility token of the WalletConnect Network. This network plays a crucial role in the Web3 ecosystem, enabling secure and seamless connections between cryptocurrency wallets and decentralized applications (dApps) across various blockchains.
WCT serves multiple purposes within its ecosystem:
* Fees: Used to pay for network services, such as relay usage.
* Rewards: Incentivizes users and node operators for their participation, contributing to network security and efficiency.
* Staking: Allows token holders to stake their WCT to help secure the network and earn rewards. Staking also provides governance rights.
* Governance: Empowers WCT holders to participate in decentralized decision-making, voting on proposals and influencing the future direction of the WalletConnect Network.
With a total supply of 1 billion tokens, WCT aims to decentralize connectivity and revolutionize on-chain user experiences.
