In the Web3 ecosystem, various tokens emerge endlessly, but there are very few projects that clearly demonstrate their uses. Recently, the $WCT launched by WalletConnect has attracted widespread attention. At first glance, some might think this is just another hyped new coin, but upon deeper understanding, you will find that the design concept of $WCT goes far beyond that.

$WCT, as the native Token of the WalletConnect Network, aims to build an economic ecosystem based on on-chain connection behavior. Unlike traditional speculative Tokens, the primary function of $WCT is to drive the operation of the protocol layer. It plays a crucial role in incentivizing relay nodes to operate, paying notification fees, managing multi-chain connection states, and participating in governance.

When users connect their wallets through WalletConnect, receive push notifications, participate in chats, or run nodes, these actions require resource support. $WCT is precisely the "settlement currency" for these resources. Therefore, $WCT is more of a utility Token rather than merely a means of value storage.

The Relay network of WalletConnect aims to achieve complete decentralization, free from reliance on official servers. To reach this goal, a large number of users and institutions need to independently run nodes. These node operators do not work for free; they earn $WCT rewards by maintaining the stability of the network. As more nodes join, the overall strength and connection reliability of the network will be enhanced, and the incentive mechanism for $WCT will also become more refined.

Overall, $WCT represents a new type of Token economic model that is not just a trading tool, but also an economic engine connecting the entire Web3 ecosystem. By combining incentives and practical functions, $WCT is redefining the role and value of Tokens in blockchain projects.