What is the legendary WalletConnect Token (WCT)?
It is the native token of the WalletConnect network. Below is a detailed introduction to WCT:
Project Background
• WalletConnect Network:
@WalletConnect WalletConnect is an open-source network that connects users to decentralized applications (DApps) through secure and interoperable protocols, supporting over 600 wallets and 40,000 applications. The project was initiated in 2009 by Christian Devaux and Damien Devaux, brothers from the UK.
• Use of WCT Token: WCT is the native token of WalletConnect, used for governance, staking, earning rewards, and paying service fees, among other things. Currently, WalletConnect usage is free, but in the future, a usage fee mechanism may be introduced through governance voting.
Technical Features
• Multi-chain Compatibility: The WCT ecosystem is built on scalable, high-efficiency, and multi-chain compatibility as its technical core, providing strong support for distributed ledger applications (DApps) by optimizing on-chain protocol universality and inter-chain communication protocols.
