In the Web3 ecosystem, WalletConnect, as a revolutionary Wallet connection protocol, is changing the way users interact with decentralized applications (dApp). This innovative protocol achieves seamless integration between digital wallets and dApps through simple scanning or clicking on a link, greatly enhancing the user experience.

WalletConnect launched its native token $WCT in 2024, with an initial issuance of approximately 185 million tokens, primarily distributed to early supporters and ecosystem contributors through airdrops. This initiative not only reflects the project's emphasis on the community but also lays the foundation for the long-term development of the ecosystem.

The $WCT token has diversified functions, allowing holders to participate in project governance, stake tokens, and pay for network service fees. This diversity of application scenarios helps to enhance the token's practicality and value.

It is worth noting that the total supply of $WCT is set at 1 billion coins, with a current circulation of approximately 186 million coins, accounting for 18.62%. The project adopts a yearly unlocking mechanism for its locked assets, which helps maintain the stability of the token's value and prevents severe market fluctuations.

$WCT chose to be issued on the Optimism mainnet and has achieved compatibility with multiple blockchains. This cross-chain feature provides technical support for the wide application and circulation of the token.

Currently, WalletConnect is gradually opening up its governance features and fee mechanisms. For users eager to participate in community discussions and drive ecosystem development, gaining an in-depth understanding of the WalletConnect project is undoubtedly a great opportunity. As the project continues to improve and develop, WalletConnect is expected to play an increasingly important role in the Web3 space, providing users with a more convenient and secure blockchain interaction experience.