The $WCT (WalletConnect Token), launched in 2024, serves multiple functions within the WalletConnect ecosystem. Here are some specific use cases it enables:

Use cases of $WCT in @WalletConnect

1.

Decentralized Governance:

$WCT allows holders to participate in voting on improvements, updates, and strategic decisions of the protocol #walletconecct through governance mechanisms.

2.

Payment of Fees (protocol fees):

Some dApps and services may require payments in $WCT to access premium features or to interact with the ecosystem, thereby incentivizing the adoption and use of the token.

3.

Incentives for Developers:

Rewards in $WCT can be granted to developers who create integrations, plugins, solutions, or improvements within the WalletConnect ecosystem.

4.

Participation Rewards:

Users can receive $WCT as a reward for their participation in incentive programs, recurring use, or specific activities proposed by the community.

5.

Network Management and Security:

Staking $WCT can help secure the network, assist in validating transactions, or contribute to anti-spam systems and ecosystem protection.

6.

Exclusive Access:

Some advanced features, beta tools, or services of the ecosystem will only be available to those who hold or use $WCT.

The $WCT transforms WalletConnect into a platform governed by its community, enhances interoperability, and creates new sources of value for users and developers of Web3.