First, let's learn more about $WCT and its project.
Many of us in crypto probably use WalletConnect almost daily.
But what is WalletConnect? 🤔
It is an open-source protocol developed since 2018, used to connect decentralized wallets (like MetaMask, Trust Wallet, and others) to decentralized applications (DApps) in a secure and seamless manner.
Instead of entering passwords or private keys, #WalletConnect uses a QR code or secure connection link to connect the wallet to the application. This makes the user experience on Web3 more flexible and secure.
Recently, they launched their token $WCT.
It is available on many platforms including Binance.
Partnerships and collaborations
WalletConnect
A protocol endorsed by major blockchain and technology companies. Its most notable partners include:
Binance
MetaMask
Trust Wallet
Uniswap
1inch
OpenSea
Coinbase Wallet
Ledger & Trezor
💡 More than 500+ applications and wallets actively use WalletConnect.
Does the $WCT token have uses in the WalletConnect protocol?
The WCT token (WalletConnect Token) was launched as part of the official roadmap for WalletConnect.
Uses of the token:
Participating in the governance of the protocol (voting on development decisions).
Staking and earning returns from contributing to securing the protocol.
Incentivizing users and developers to interact and contribute to the system.
You can stake the token and earn returns ranging from 20 to 30% APY.
💰 Steps to stake WCT tokens
1. Enter the official staking website:
👉 https://staking.walletconnect.network
2. Click "Connect Wallet" and link your wallet (such as MetaMask or a WalletConnect-compatible wallet).
3. Choose the amount you want to stake in WCT coins.
4. Approve the transaction from the wallet and wait for confirmation on the network.
5. Once confirmed, you start earning returns automatically according to the percentage announced by the team.
6. You can withdraw your profits or cancel staking after the period you selected for locking.
