🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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📅 Ends at 16:00, Sep 17 (UTC)
When examining the token model of WalletConnect, I can't help but fall into a complex emotion. The idealism displayed by this model is admirable, while also provoking some deep thoughts.
The token distribution plan of WalletConnect primarily favors rewards for the community, foundation, and ecosystem, while the shares for the team and investors are relatively conservative. This approach undoubtedly contributes to building a truly decentralized, community-driven infrastructure, which is commendable from both ethical and idealistic perspectives.
However, as an investor, I have to admit that this solution may have missed some potential value capture opportunities. Considering that WalletConnect occupies a unique and irreplaceable traffic entry point in the Web3 space, it could have adopted a more aggressive value acquisition strategy. Instead, it chose a more challenging path that may progress more slowly, but could ultimately be more respected.
This choice reflects the long-term vision of the WalletConnect team and their profound understanding of industry development. Although it may not yield explosive returns in the short term, in the long run, this strategy could make WalletConnect a stable and reliable component of the Web3 ecosystem.
Overall, the WalletConnect token model demonstrates an art of balance—finding a middle ground between commercial interests and community value, as well as between short-term gains and long-term development. This restraint and foresight may be the source of its future value, making it a Web3 asset worth holding for the long term.