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What is a WCT coin?
#WCT coin, also known as WalletConnect token, is the native utility token of the WalletConnect protocol.
It's an ERC-20 token deployed on the Optimism network. WCT is used for governance, allowing holders to vote on proposals related to the protocol, as well as for staking, enabling users to lock tokens for rewards.
The total supply of WCT is capped at 1 billion tokens, with a circulating supply of 186.2 million at the time of writing.
Here's a more detailed breakdown:
Governance:
WCT token holders can participate in the governance of the WalletConnect protocol by voting on proposals.
Staking:
Users can stake their WCT tokens to earn rewards and participate in the network's operations.
ERC-20 Token:
As an ERC-20 token, WCT is compatible with the Ethereum network and can be stored and traded on various exchanges.
Optimism Network:
The token is deployed on the Optimism network, a layer-2 scaling solution for Ethereum.
Cross-Chain Connectivity:
WalletConnect, the protocol that uses WCT, is designed to facilitate secure connections between different blockchain networks and decentralized applications (dApps).
Accessibility:
WalletConnect aims to make it easier for users to interact with dApps without directly exposing their private keys, enhancing security and user experience.
Conclusion:
This is little about #WCT I don't suggest anything, what I came to know shared with you all.
