WAL Token Utility (Why token has value)
WAL is not just a trading token, it is required to run the network:
Pay for Storage
Users must pay WAL to upload & store files (blobs)
Staking (Security)
Storage nodes stake WAL to be selected
More stake = more trust = more rewards
Rewards
Storage providers earn WAL for keeping data online
Governance
WAL holders vote on protocol upgrades & parameters
🔥 Burn & Penalties
WAL can be burned through:
Slashing of bad/malicious storage nodes
Penalties for misbehavior
➡️ This creates deflation pressure over time
WAL
0.1335
-5.45%