$SUI WCT is a community token issued based on the Waves blockchain, primarily used for evaluating and voting on project quality. Launched by the Waves team, its original intention was to allow the community to participate in ecological governance and project selection. As the Waves platform has evolved, the use frequency of WCT has gradually decreased, with some scenarios being replaced by more complex DAO mechanisms, which can solve the following consensus issues.
Project quality evaluation: Community members can vote on new projects using WCT, forming collective wisdom to avoid the problem of a single authority deciding the merits of a project.
Reputation mechanism establishment: The project's reputation score refers to the WCT voting results, creating a transparent evaluation system that reduces the impact of subjective bias on project assessment.
Decentralized governance: Distributing decision-making power into the hands of community members allows token holders to directly participate in the development direction of the ecosystem.
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