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    WalletConnect Token

    WCT

    Evaluation Score

    Overall rating on a scale of 0-10

    RiskReturn
    06.010
    Risk Level:
    High
    Recommendation:Speculative position only
    Evaluated:May 13, 2025 (v2)

    Crypto Token Health Score Explained

    Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.

    AI Analysis

    Comprehensive evaluation of the token

    Overall Analysis

    WalletConnect Token combines top-tier development momentum (8/10) and vibrant community support (8/10) with a capable team and clear governance roadmap (7/10). Its core utility in wallet–dApp connectivity is solid (6/10), but opaque tokenomics (4/10) and zero audit coverage (2/10) introduce significant uncertainty around supply inflation, holder concentration, and smart-contract vulnerabilities. Investors should balance strong ecosystem fundamentals against elevated security and distribution risks.

    Detailed Analysis by Category

    Development Activity

    Code updates and developer engagement

    RiskReturn
    08.010

    Community Support

    Social media presence and community engagement

    RiskReturn
    08.010

    Tokenomics

    Supply, distribution, and utility

    RiskReturn
    04.010

    Market & Use Case

    Value proposition and competitive landscape

    RiskReturn
    06.010

    Team & Governance

    Team background and project governance

    RiskReturn
    07.010

    Security & Audits

    Security history and audit status

    RiskReturn
    02.010

    About WalletConnect Token (WCT)

    WalletConnect Token (WCT)

    The WalletConnect Token (WCT) is the native utility token of the WalletConnect ecosystem, designed to power governance, staking and protocol-level operations. As an ERC-20 asset on Ethereum, WCT enhances secure connections between wallets and decentralized applications (dApps).

    Key Details

    • Name: WalletConnect Token
    • Symbol: WCT
    • Standard: ERC-20 (Ethereum)

    Core Features

    • Governance: Participate in protocol upgrades and community votes.
    • Staking: Secure network operations and earn protocol rewards.
    • Fee Settlement: Pay transaction and service fees within the WalletConnect network.

    Use Cases

    1. Voting on feature proposals and protocol parameters.
    2. Locking tokens to support network security and earn incentives.
    3. Settling fees when initiating wallet-to-dApp connections.

    Why WCT?

    WalletConnect Token brings transparency and community-driven evolution to wallet connectivity. By holding and staking WCT, participants actively shape the future direction of a leading open-source protocol used by millions of users and applications worldwide.

    Learn more about WalletConnect and WCT at https://walletconnect.com

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