Aritra

🚀 Another 10K $INJ supplied in just 2 days — now over 75K total

Hydro’s Lending dashboard shows the growing momentum in real-time 📊

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$NEWT is the native utility and governance token of the Newton Protocol, a decentralized infrastructure layer focused on verifiable onchain automation and secure AI agent authorization.The Newton Protocol aims to revolutionize decentralized finance (DeFi) by enabling secure, verifiable, and automated execution of complex, cross-chain financial tasks. It leverages technologies like Trusted Execution Environments (TEEs) and Zero-Knowledge Proofs (ZKPs) to ensure that AI agents can perform actions on behalf of users without requiring blind trust, while maintaining user control over assets. Essentially, it allows users to delegate tasks to AI agents, such as automated trading or yield optimization, with verifiable proof of execution.NEWT tokens can be staked to secure the Newton Protocol network through a delegated proof-of-stake consensus mechanism. This incentivizes validators to ensure the integrity of agent execution and cross-chain state changes.NEWT serves as the native gas token, required for all transaction execution on the Newton Protocol, including agent-triggered automation and managing on-chain permissions.
* Agent Marketplace and Service Collateral: It facilitates the operation of an agent marketplace, where users can discover and delegate AI agents. NEWT is used as collateral for these services, and agent operators can earn fees in NEWT.NEWT token holders can participate in the governance of the Newton Protocol, influencing decisions about the protocol's future development.
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$WCT stands for WalletConnect Token. It's the native utility and governance token of the WalletConnect Network, a crucial piece of infrastructure in the Web3 space.
What is WalletConnect?
Before diving into WCT, it's important to understand WalletConnect itself. WalletConnect is an open-source protocol that enables secure and seamless communication between cryptocurrency wallets and decentralized applications (dApps) across various blockchain networks.
Essentially, it acts as a bridge, allowing users to connect their mobile or desktop wallets to dApps via QR code scanning or deep linking, without exposing their private keys. This has made it a widely adopted standard for interacting with Web3 applications.
What is WCT and its purpose?
WCT is the token that powers and decentralizes the WalletConnect Network. It serves several critical functions:
* Governance: WCT holders have the ability to participate in the decentralized governance of the WalletConnect Network. This means they can propose and vote on important decisions related to network upgrades, fee structures, strategic initiatives, and the overall direction of the protocol. This ensures community-driven development and control.
* Staking: Users can stake their WCT tokens to help secure the network and contribute to its decentralization. In return for staking, participants can earn rewards, incentivizing their active involvement and commitment to the network's stability.
* Network Fees (Future Utility): While WalletConnect initially operated on a no-fee model, the WCT token is designed to eventually be used for paying for network services, such as relay usage. This creates a sustainable economic model for the network and adds long-term value to the token.
* Rewards for Participants: WCT tokens are used to incentivize various network participants, including node operators, wallet providers, and other contributors, for their efforts in maintaining and improving the network's reliability and performance.
#WalletConnect
@WalletConnect

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