The WAL Token
WAL is the native token of the Walrus protocol, built on the Sui blockchain. WAL has a maximum supply of 5 billion tokens and follows a deflationary model that reduces supply through token-burning mechanisms. It’s used within the ecosystem for many purposes, including:
Payment: WAL is the payment token for data storage on Walrus. Users can pay upfront for storage, and the WAL is distributed over time to nodes and stakers as rewards.
Security: WAL supports network security through delegated staking. Users can stake or delegate tokens to storage nodes and earn rewards based on node performance. When slashing is introduced, penalties will apply to underperforming nodes.
Governance: WAL holders can participate in network governance by voting on key parameters and penalty settings.