$WCT Following the line of my post #WalletConntect as the "magic bridge" between your wallet and decentralized applications (dApps), let's now talk about its native token: WCT (WalletConnect Token).
To me, if WalletConnect is the bridge, WCT is like the "fuel" that makes that bridge work and stay strong. Experts see WCT as a key piece for the decentralization and sustainability of the entire network.
In short, WCT has several important functions:
* Governance: Imagine you are part of a club. With WCT, you have a voice and vote in how the WalletConnect protocol develops. WCT holders can propose and vote on updates, changes in fees, and the overall direction of the project. This makes it truly "decentralized", something that experts highly value in the crypto space.
* Staking and Rewards: You can "lock" your WCT (stake) to help secure the network. In return, you receive rewards, which incentivizes participation and the maintenance of the infrastructure.
* Fees and Utility: In the future, WCT could be used to pay for certain services within the WalletConnect network, such as tools for developers or for nodes to operate.
Analysts see WCT with long-term potential because it is backed by a protocol that is already mature and widely adopted in Web3. However, like any crypto, it is volatile and its price can fluctuate. It is an investment with a real use case, which differentiates it from "meme coins", but always with the caution that the crypto market demands.