Walrus (WAL) is the native token of the Walrus protocol, a decentralized data storage and management network built on the Sui blockchain for storing large files (videos, images, AI datasets) securely, efficiently, and programmably. WAL has a max supply of ~5 billion and powers the ecosystem by paying storage fees, staking to secure storage nodes, and governance voting on protocol parameters. The network uses advanced erasure-coding (Red Stuff) to reduce costs and ensure data availability. WAL was distributed via airdrops and private sales and is listed on major exchanges. Tokenomics include deflationary elements like burns tied to penalties and ecosystem incentives.

@Walrus 🦭/acc $WAL #walrus