@WalletConnect The "WCT coin" refers to the WalletConnect Token.
Here is a summary of the latest information and what WCT is:
Latest Price Update (Approximate)
Current Price: Around $0.26 USD (price fluctuates rapidly).
24-Hour Change: Price has been down slightly (around -0.8% to -3.5%) in the last 24 hours.
Market Cap: Approximately $48.1 million USD.
24-Hour Trading Volume: Approximately $30 - $55 million USD.
$WCT What is WalletConnect Token (WCT)?
Function: WCT is the native governance and utility token of the WalletConnect Network.
WalletConnect Network: This is a decentralized protocol that enables users to securely connect their crypto wallets to decentralized applications (dApps) and other wallets across multiple blockchains (like Ethereum, Solana, etc.)—often through a QR code or deep link. It's considered essential infrastructure for the Web3 user experience.
Token Utility: WCT is used for:
#walletconnect Governance: Holders can vote on proposals for network upgrades and fee structures.
Staking/Rewards: It's used to incentivize users and service providers (node operators) for securing and maintaining the network.
Fees: WCT will be used to pay for network services in the future, as governed by the community.$WCT