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The WCT Token launched by WalletConnect goes beyond mere slogans and prioritizes practicality. Within the WalletConnect Network ecosystem, WCT plays multiple key roles, including participation in governance voting, staking for nodes and services, as well as payment of network fees and user incentives. These functions are directly linked to the frequency of network connections, reflecting the actual value of the Token.
The network layout strategy of WCT is also quite forward-looking. Initially, it chose to carry out staking and governance activities on Optimism (OP Mainnet). Looking ahead to 2025, WCT plans to extend its reach into the Solana ecosystem while launching cross-chain claiming features and expanding governance access. This initiative aims to introduce participatory rights that connect networks into multiple blockchain ecosystems, thereby expanding its influence and application scope.
In terms of user participation, the WalletConnect team has adopted an innovative approach during the 2024-2025 period. They designed a scoring system based on "real usage and ecological contribution" and invited highly active users to become early governance members of the network. This approach not only incentivized user participation but also laid the foundation for the healthy development of the ecosystem. The official documentation clearly outlines the conversion path from user to governance participant, including registration, qualification certification, Token distribution, and stake, making the entire process more transparent and convenient.
WCT's choice of a multi-chain development strategy has its deeper reasons. As a chain-agnostic connection layer, the business nature of WalletConnect determines that its Token should not be limited to a single blockchain. By issuing on multiple chains and providing bridging services, WCT enhances governance participation and staking capabilities to better accommodate different user groups, whether they are active in the Ethereum ecosystem or the Solana ecosystem.
Overall, the design concept of the WCT Token reflects WalletConnect's profound understanding of decentralized network governance and user incentives. It is not just a simple governance token, but also an important tool for connecting different blockchain ecosystems and promoting cross-chain interoperability. By closely integrating practicality, multi-chain layout, and user participation, WCT demonstrates its potential and ambition as a next-generation network infrastructure Token.