From the white paper, WCT is not just a governance token; it is the core hub of WalletConnect's decentralized and incentivized ecosystem. The token supports cross-chain SDK node operators to participate in network governance, earn rewards through staking, and grants ordinary users the rights to propose and vote, reflecting the foresight of building a community-driven governance structure.
In the past month, the project's implementation actions have significantly accelerated: 5 million WCT are being released on the Solana chain through the Wormhole bridge and airdropped to ecosystem users such as Phantom, Jupiter, Backpack, and Solflare. This not only expands cross-chain coverage but also respects the interoperability between chains as depicted in the white paper. At the same time, the project announced today that the underlying nodes and governance module will gradually be decentralized, including opening node permissions, introducing community governance to control the treasury, and transitioning from a centralized foundation to a DAO model.
Overall, WCT is steadily advancing from concepts (decentralization, community governance, cross-chain connectivity) to practical implementation (node opening, cross-chain bridging, airdrop incentives). If user growth and fee mechanisms improve in the future, WCT is expected to become a truly foundational infrastructure token connecting wallets and dApps.
