WCT (WalletConnect Token)
is the native token of the WalletConnect network (now renamed Reown), aimed at supporting the on-chain user experience ecosystem through governance, staking, rewards, and other functions, and facilitating secure seamless connections between wallets and decentralized applications (dApps).
WalletConnect is a cross-chain infrastructure supporting over 600 wallets and 40,000 applications, having facilitated 150 million connections for over 23 million users. WCT will be issued on the OP mainnet of Optimism, combining the security of Ethereum with the speed advantages of the OP mainnet, with a total supply of 1 billion tokens, of which 18.5% will be distributed through airdrops to eligible users and contributors.
The launch of WCT has attracted market attention due to its strong network effects (broad integration of wallets and applications), cross-chain compatibility, and end-to-end encryption, making it an important infrastructure for the Web3 user experience. Additionally, the token economic model of WCT (such as governance, staking, and rewards functions) supports the sustainable development of the network.
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