#walletconect #wct @walletconnect * Main utility: It is used for the governance of the WalletConnect network, meaning that WCT holders can vote on important decisions about the future of the protocol.
* Rewards and staking: It is also used to reward network participants and allows for staking (locking your tokens) to contribute to the stability of the network and earn returns.
* Binance Launchpool: Recently, WCT was part of Binance's Launchpool, where users could earn WCT tokens by locking other cryptocurrencies.
* Do not confuse: It is important to distinguish between the WalletConnect protocol (the technology that connects dApps and wallets) and the WCT token (the cryptocurrency associated with that protocol).
So, to recap, while WalletConnect is a protocol, WCT is the native token that provides utility and governance to the WalletConnect ecosystem.