WCT is the native token of the WalletConnect network. WalletConnect is a cross-chain user experience ecosystem dedicated to enabling users to use any wallet across any application and platform, operating across multiple blockchain ecosystems. So far, it has facilitated 150 million connections for 24 million end users, covering over 600 different wallets and 40,000 applications.

The initial total supply cap of WCT is 1 billion tokens, allocated to core development, rewards, airdrops, teams, early supporters, and the WalletConnect Foundation, among others. It features cross-chain compatibility, end-to-end encryption, service node architecture, decentralized databases, and a diversity of network participants. WalletConnect achieves encrypted transmission of cross-chain communication through relay servers, adopting a "connect as a service" model, charging based on monthly active users.

Future Market Analysis

- Favorable Factors: As an important component of Web3 infrastructure, WCT will bring more use cases and demand as the Web3 industry develops with the widespread application of its underlying protocol. If the planned "connection fee tiering" model for WCT is implemented, charging fees based on MAU for high-frequency applications will bring considerable revenue, thus enhancing its value. With the inclusion of the Solana Mobile phone in the WCT airdrop claim program, more ecosystems may collaborate with WCT in the future, further expanding its user base and market share.@WalletConnect #wallectconnect $WCT