A system like this needs a way to function smoothly and incentivize everyone to participate honestly. That's where the $WAL token comes in. It's the lifeblood of the ecosystem, and it has three critical jobs .
First, it's used for payments. If a developer wants to store data for their app, they pay the network in $WAL tokens. Second, it's used for **staking and security**. People who run storage nodes must stake $WAL as a form of security deposit, proving their commitment to the network. Regular token holders can also delegate their $WAL to these nodes, helping to secure the network and earning a share of the rewards in return . Finally, $WAL is a governance token. Holders can vote on important decisions about the protocol's future, making its development community-led .
The project raised $140 million from top-tier investors, validating the strength of its vision . The total supply of $WAL is 5 billion tokens, carefully allocated to the community, developers, and investors to ensure long-term, sustainable growth .
@Walrus 🦭/acc #walrus $WAL
