Wallet Connect Token (WCT) Price

Info

Contract Address

OP 0xeF4461891DfB3AC8572cCf7C794664A8DD927945

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About Wallet Connect Token (WCT)

The WalletConnect Network is the onchain UX ecosystem that makes web3 work by facilitating users' use of any wallet across any app and platform. As a chain-agnostic infrastructure, it operates across ecosystems from EVM and its L2s, to Solana, Cosmos, Polkadot, Bitcoin and more. The Network has played a crucial role in installing many of web3's UX standards, fostering today's composable and interoperable web3 ecosystem.

Since its inception in 2018, WalletConnect has established itself as critical infrastructure in the web3 space. The protocol's ability to provide secure, end-to-end encrypted connections has been fundamental in creating interoperability for every wallet, every app, and every chain. Based on this protocol, a network of participants and contributors are creating the WalletConnect Network.

The initial design of the WalletConnect Network's tokenomics does not include token inflation. The current model focuses on utilizing existing token allocations and the potential to introduce fee structures to support Network operations and incentivize participation such that inflation is not envisioned within the first 3-4 years.

However, the Network's governance structure and community retain the flexibility to implement inflation mechanisms in the future if deemed appropriate. Any decision to introduce inflation would be subject to careful consideration of Network metrics, participant feedback, and overall ecosystem health, with specific parameters to be determined through Network governance processes.