#WCTWallet WalletConnect acts as a communication layer that allows wallets to connect with dApps without compromising private keys. Users establish a secure, encrypted session by scanning a QR code or clicking a deep link, allowing them to approve or reject transactions directly from their wallets.
In essence, WCT is designed to be the fuel for the WalletConnect ecosystem, promoting decentralization, incentivizing participation, and enabling community governance.
The total supply of WCT is capped at 1 billion tokens.
WCT was distributed to various stakeholders, including the development team, backers, and for rewards.WalletConnect is expanding WCT across multiple blockchains using Wormhole NTT.
