The WalletConnect WCT Token is not just an ordinary encryption asset; it is also a tool that grants users actual governance rights. By holding WCT, users can participate in key network decisions, including whether to introduce Relay usage fees, how to adjust Node rewards mechanisms, and the allocation direction of the ecosystem fund, among other important issues.

This governance mechanism is not just for show. From the initial non-transferable setting of the WCT Token, to community voting determining the opening of the transfer function, and finally to the full transfer being officially realized on April 15, 2025, the entire process highlights WalletConnect's emphasis and practice on decentralized governance.

In the future, WCT holders may also participate in broader decision-making, such as adjustments to the Token inflation rate, support from the community fund for innovative projects, and even strategic directions for collaborations with other platforms. For participants operating Nodes, their votes will directly impact the rewards distribution mechanism, as well as potential changes to the network scale and technical parameters.

It is worth noting that ordinary users only need to stake a certain amount of WCT to gain voting rights. This design not only encourages long-term holding but, more importantly, allows more users to participate in the decision-making direction of the ecosystem's development.

Overall, the governance mechanism of WCT demonstrates how a decentralized project can practically empower the community with real decision-making power. This is not just a theoretical democracy, but a feasible model of community autonomy. In this way, WalletConnect is building a future co-shaped by its users.

However, as the project develops, we also need to pay attention to whether this governance model can operate sustainably and effectively. Are all decisions suitable to be determined by community voting? How can we balance the technical insights of professional teams with community wishes? The answers to these questions will gradually emerge in the future development of WalletConnect.