Many people are tangled: WCT cannot yet be directly used for payments or generate profits; apart from governance and staking, there seem to be few 'practical scenarios'. What gives such a token its value?
In fact, the value of infrastructure tokens often lags behind the maturity of the ecosystem. Taking WCT as an example, its 'potential scenarios' are gradually being realized: in the future, it may charge dApps a relay service fee (billed by monthly active users), and WCT will serve as the payment medium—when a portion of the 40,000+dApps start paying, the token will have a stable consumption scenario.
Moreover, the WCT token has functions such as governance, staking, and earning. Holders can vote on key matters like protocol upgrades and fee models, gradually transitioning to a DAO governance model. Staking WCT can earn rewards from the network's reward pool and can also be used to pay for cross-chain communication fees and unlock advanced features.
On a broader note, even without considering short-term profits, its 'network effect' is already precious enough. Just like the early domain system of the internet, it doesn't generate profits by itself, but all websites rely on it, and the related rights tokens naturally have their scarcity. As the 'domain system' of Web3, the larger the ecosystem, the more stable the value of the token as proof of rights.