#WalletConnect $WCT @WalletConnect

1. What is WCT?

WCT (Waves Community Token) is a token of the Waves platform, launched in 2017 with the aim of empowering the community, encouraging participation in the Waves ecosystem through voting, project evaluation, and receiving staking rewards.

Unlike regular tokens that only serve for transactions, WCT acts as a governance tool and a credibility assessment within the Waves network.

2. Purpose and role of WCT

🔸 Voting: WCT holders have the right to vote for new projects on the Waves platform. This helps the community select reputable projects to be listed on the Waves DEX.

🔸 Credibility assessment: Those who hold a significant amount of WCT are considered to have a strong voice in the community, helping to create a “credibility index” when evaluating new ICO projects.

🔸 Receiving rewards (Airdrop/Staking): WCT is often used to distribute rewards from new projects through airdrop – most airdrops will prioritize those holding more WCT.

5. Should you invest in WCT?

If you are looking for short-term investment, WCT may not be the ideal coin due to low liquidity, low volatility, and limited support on major exchanges. However, if you are interested in community governance models, WCT is a prime example of tokens serving governance in the early days of DeFi.

Conclusion

WCT is one of the pioneering tokens in creating mechanisms for governance and community credibility in blockchain. Although it may no longer stand out, it remains a noteworthy piece in the development journey of Waves and the crypto market in general.