WalletConnect Token price

WCT

#391

The initial supply of WCT tokens is capped at 1 billion, with allocations designed to support the Network's growth and sustainability.

In the initial design of the WalletConnect Network's tokenomics, token inflation is not contemplated as a mechanism for token distribution or network sustainability. The current model focuses on utilizing existing token allocations and fee structures to support network operations and incentivize participation. However, the network's governance structure and community retain the flexibility to implement inflation mechanisms in the future if deemed necessary.

• Fees: Used to pay for network services like relay usage.*
• Rewards: Tokens are given as incentives to keep the network secure and efficient.
• Staking: Users can stake tokens to earn rewards and take part in governance.
• Governance: WCT holders can vote on proposals and changes, giving the community control over the network’s development through decentralized governance.*

Governance and fees features are expected to be unlocked in the near-term.*