🔎What is the WCT currency?
It is the main currency of the WalletConnect network, and the currency operates on several key hubs of the network, the most prominent of which are the following:
Transaction fees: The team has proposed using the currency for the transaction fees of services used on the network, but this has not yet been implemented; however, it will be under consideration by governance.
Rewards: The currency is used to reward and incentivize participants on the network who maintain security.
Staking: Currency holders can stake their coins to earn staking rewards and participate in governance.
Governance: Currency holders can vote on governance decisions and shape the future of the project.
What is the WalletConnect project?
It is an infrastructure network aimed at facilitating the connection between cryptocurrency wallets and blockchain applications.
Initially, there is no doubt that you have used or benefited from the WalletConnect project in the past, as the project has been in the market since 2018. During its operation, it has helped simplify the use of blockchain for many people through mobile applications, whereas the use of blockchain applications before that was limited to traditional computers.
Since 2018, the project has continued as one of the main pillars of the infrastructure for blockchain applications, integrating with over 600 different wallets, and is used on more than 60,000 different blockchain applications. Additionally, it has facilitated over a quarter of a million wallet connections with ease and smoothness.
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