Connect Token (WCT) serves as the native token of the WalletConnect network, playing a pivotal role in enhancing the onchain user experience (UX) within the decentralized ecosystem. Launching on Optimism’s OP Mainnet in late 2024, WCT leverages Ethereum’s robust security combined with unmatched speed, fostering an engaged community of users, applications, and wallets working towards a more efficient web3 environment.

WCT encompasses four primary functions, including transaction fee management, rewarding community participation, staking for network stability, and decentralized governance. The initial allocation of WCT will incentivize early participants while a proposed fee structure will evolve based on community input. Token holders will enjoy governance rights, influencing key network decisions as the framework transitions to a decentralized autonomous organization (DAO).

With an initial supply capped at 1 billion tokens, Connect Token aims to promote sustainable growth through thoughtful allocation strategies encompassing development, rewards, airdrops, and operational needs. Join the WalletConnect community to shape the future of onchain UX together.