WAL coin is the native payment token of the Walrus ecosystem, designed to support decentralized storage and reward providers in a fair and transparent way. It acts as the main medium of exchange within the network, enabling users to pay for storage services while incentivizing providers who contribute resources. By using WAL coin as a native payment method, the system reduces reliance on external tokens and creates a self-sustaining economic model.
Storage providers are rewarded in WAL coin for offering reliable storage capacity and maintaining network performance. This reward mechanism encourages long-term participation and helps ensure data availability and security across the network. At the same time, users benefit from a decentralized storage solution that aligns incentives between all participants.
As adoption grows, the demand for storage services can increase the utility of WAL coin. Its role in payments and rewards makes it a core component of the ecosystem, supporting sustainable growth and long-term network stability.$WAL
WAL
0.1213
-1.86%
BNB
899.91
+2.59%
ETH
3,021.35
+3.52%