Major movement spotted! 📊🔥 A significant liquidity sweep just occurred on BTC/USDT, followed by a sharp bullish push above key resistance at $72,500. Volume is surging — whales might be positioning for the next leg up! 🐳🚀
Keep your eyes on these levels: 🔸 Support: $71,800 🔸 Resistance: $73,400
#WCTonBinance WalletConnect Token (WCT): Powering Seamless Web3 Experiences WalletConnect Token (WCT) is the native utility and governance token of the WalletConnect network, a leading infrastructure that enables seamless and secure connections between cryptocurrency wallets and decentralized applications (dApps) across various blockchains. What is WalletConnect? WalletConnect is an open-source protocol that allows users to connect their mobile or browser-based wallets to dApps without the need to expose their private keys. It acts as a communication bridge, facilitating secure interactions for activities like DeFi trading, NFT marketplaces, and more. With over 275 million connections established and 45 million users globally, WalletConnect has become a fundamental piece of the Web3 ecosystem. It supports connections across major blockchains, including Ethereum, Solana, and Cosmos. The Role of the WCT Token The WalletConnect Token (WCT) plays a crucial role in the network's functionality and long-term sustainability. Its primary functions include: * Fees: WCT will be used to pay for network services, ensuring the long-term operation and maintenance of the WalletConnect infrastructure. While there isn't an immediate fee structure, the community, through governance, may introduce fees as the network matures. A potential model involves a Monthly Active User (MAU) fee for connection services. * Rewards: A significant portion (17.5% of the initial supply) of WCT is allocated to incentivize network participants over the initial years. These rewards will be distributed to community contributors, such as wallet providers and node operators, based on performance metrics like uptime and latency. * Staking: WCT holders can stake their tokens to contribute to the stability and security of the network. In return for locking up their tokens, stakers will earn rewards from a dedicated reward pool. Longer commitment periods and larger stakes are expected to yield higher rewards, with mechanisms in place to prevent the concentration of staking power.