$WCT

🧠 What is WCT?

Token Overview: WCT is the native utility and governance token of WalletConnect, a widely adopted multi-chain communication protocol that securely connects mobile and web wallets to dApps via service nodes and encrypted relays .

Main Utilities:

Staking & node operations: Stake WCT to run Service Nodes or participate in securing the network.

Governance: Vote on protocol changes, fee parameters, and network direction.

Incentives: Earn rewards and airdropped tokens through ecosystem activity .

Airdrops & Launchpool:

Initial airdrop targeted active users; extended to Solana wallet users through partnerships (Phantom, Solflare) .

Listed as Binance Launchpool project (#67) – users could farm WCT by staking BNB/USDC/FDUSD .

Funding & Backers: Supported by heavyweights like Coinbase Ventures, ConsenSys, HashKey, Circle, and others .

ICO/Raise: Raised ~$24.75 M via CoinList; total fundraising ~ $38 M .

📉 Price & Market Data

Current price ~$0.34 (mid April–May 2025 actual peak at $1.34, now down ~75%) .

Market cap ~$63 M with FDV ~$336 M .

Volume high (~$80M–85M daily), with strong listings on Binance, MEXC, Bitget .