WCT Token (commonly referred to as "WeChain Token") is a blockchain-based cryptocurrency. It is part of the WeChain platform ecosystem and is typically used as part of the platform's internal trading, rewards, or payment mechanisms. WeChain is a project focused on the integration of Internet of Things (IoT) and blockchain technology, aiming to provide traceable, transparent, and efficient supply chain management solutions.
Applications of WCT include:
1. Supply Chain Management: Through blockchain technology, WCT tokens can help track the flow of products in the supply chain, ensuring transparency and accuracy of information.
2. Incentive Mechanism: WCT tokens can be used to reward participants in the network, such as verification nodes and data providers.
3. Payment and Transactions: Within the WeChain platform, WCT tokens can be used to pay transaction fees, goods, and services.
