WalletConnect to Launch Token on April 15

WalletConnect, an onchain connectivity solution that enables externally owned accounts (EOAs) to connect to Web3 applications, will launch its native WCT token on April 15. The token launch will be managed by the WalletConnect Foundation and facilitate the decentralization of the WalletConnect Network, which will be powered by WCT. Token holders will be able to “propose, discuss, and decide upon the introduction of fees through governance mechanisms as a long-term economic model of the network.” The WCT token will also be used to incentivize network usage, alongside staking and governance rights. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant