The token $WCT , from WalletConnect, promises to reinforce the decentralization of the connection infrastructure between wallets and dApps, with utilities in staking, governance, and rewards for validators and nodes — reinforced by airdrops and strategic distribution. However, critics question whether the token's economy represents real value, as more than 90% of the current 274 million connections are free and without intrinsic demand for WCT. The dependence on large market makers (holding ≈ 8% of the circulation) may generate artificial volatility, affecting liquidity. Furthermore, initial restrictions on transfer and frustration with eligibility criteria in airdrops raise doubts about decentralization and inclusion. Still, projections suggest growth if the connection fee model is validated, strengthening governance and adoption.