What Is Walrus (WAL) Coin?
Walrus (symbol: WAL) is the native token of the Walrus decentralized storage network, a blockchain-based system designed to store and manage large data files (like videos, images, AI datasets, and other digital content) in a decentralized way — meaning without a central company controlling the data. It’s built on the Sui blockchain.
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🛠️ What Walrus Does
The Walrus protocol aims to be a decentralized data storage layer for Web3 applications:
Decentralized storage: Instead of storing files on one company’s servers, data is broken into pieces and stored across many nodes, making it secure and censorship-resistant.
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Efficient and scalable: Uses a special encoding algorithm (Red Stuff) to split and encode data efficiently, lowering costs and improving reliability.
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Programmable data: Stored data can be linked to smart contracts for programmable use (e.g., in apps, AI services, media distribution).
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💰 What the WAL Token Is Used For
The WAL token has several main roles inside the Walrus ecosystem:
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🔹 1. Pay for Storage Services
Users pay WAL tokens when they upload data to the network.
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🔹 2. Staking & Network Security
People can stake WAL tokens with storage nodes to help secure the network and earn rewards.
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🔹 3. Governance
Token holders can have a say in network decisions (like parameters and upgrades).
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🔹 4. Rewards & Incentives
Some WAL tokens are used to reward users, node operators, and community contributors.
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📊 Basic Token Info
Blockchain: Built on Sui (a fast, modern smart contract chain).
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Total supply: Up to 5 billion WAL tokens.
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Circulating supply: Around ~1.4 billion (varies).
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Walrus officially launched mainnet in March 2025, and the WAL token started trading on exchanges around that time.
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📈 How People Use It
Developers: to build apps that need reliable, decentralized storage.
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