WCT: Not a wallet, nor a chain, it's a universal charger!

Many people mistakenly think that WalletConnect is a wallet when they first hear about it. In fact, it is not at all - it is a 'universal charger' that connects Web3 applications and wallets! Whether you are using MetaMask, Trust Wallet, or other niche wallets, as long as the other party supports the WalletConnect protocol, you can connect safely and directly.

1. What is the WCT token used for?

WCT is the native token of the WalletConnect ecosystem, and it mainly has three major uses:

Network fuel: dApp and wallet developers need to consume WCT as a usage fee when calling the WalletConnect API;

Governance voting: holding WCT allows you to vote on proposals for protocol upgrades, feature priorities, incentive programs, etc.;

Node staking: in the future, the protocol will introduce distributed relay nodes, and the operating party needs to stake WCT to participate and earn rewards @WalletConnect #wct #walletconnect