🌊 Waves Community Token (WCT) – Overview
🔹 What Is WCT?
The Waves Community Token (WCT) was a token launched on the Waves blockchain platform to reward active community participation and promote decentralized governance. It was designed to support projects, foster transparency, and give a voice to contributors within the Waves ecosystem.
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💡 Key Features
1. Community Governance
WCT holders were granted voting rights in community polls and decision-making processes.
It enabled decentralized project evaluations and community-driven development.
2. Reputation & Reward Mechanism
It served as a reputation token, rewarding developers, marketers, and contributors.
The Waves team initially distributed WCT to early supporters to recognize their value.
3. Tokenomics
Total supply: 10 million WCT
Non-inflationary (no new tokens were created after the initial issuance).
Distributed freely to WAVES holders during 2017 based on staking participation.
4. Utility Within the Ecosystem
WCT was used for community voting on Waves projects, making it a governance token before DAO structures were mainstream.
It was part of early token evaluation frameworks on Waves’ decentralized exchange (DEX).