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How will fees work on the WalletConnect Network?
The WalletConnect token (WCT) will facilitate fees, ensuring fast, secure, and seamless interactions across apps and wallets. As the network grows, these fees will support rewards and drive continued decentralization.
Initially, the WalletConnect Network will operate fee-free to encourage adoption and growth. However, as usage scales, WCT holders can vote to introduce fees for services like relay usage, with all fees paid in WCT tokens.
These fees won’t just disappear—they’ll go directly towards network rewards which incentivize the network participants to maintain performance, uptime, and security. This creates a self-sustaining system where those contributing the most to the Network are rewarded fairly.
By tying fees to WCT, the WalletConnect Network ensures that value stays within the ecosystem. This model incentivizes high performance and active participation, all while supporting the decentralized infrastructure that powers the onchain future. 1 reply
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