🐘 What Walrus Is
Walrus is not just a meme coin — it’s a decentralized storage network and data platform designed to let people and developers store, manage, and monetize large files (like videos, images, audio, datasets, etc.) in a programmable, scalable way on blockchain technology.
It achieves this with a custom data encoding scheme called Red Stuff, which breaks files into many pieces and distributes them across validators (storage nodes). This approach makes storage more resilient and cheaper than many traditional blockchain storage systems.
⚠️ Things to Consider
Not financial advice: Cryptocurrency investments are high-risk and prices can fluctuate dramatically. Always DYOR (do your own research).
Utility focus: WAL’s value is intended to come from real use cases in decentralized storage and Web3 data ecosystems — not just speculative trading.
📉 Price & Market Info (Indicative)
At the time of recent price tracking:
1 WAL ≈ ৳14.78 Bangladeshi Taka (BDT) ~ $0.12 USD (approximate and can change with the market).
Prices in crypto markets can be volatile, so always check live data if you’re planning to trade or invest.
Why It Matters
Decentralized storage alternative: Aims to compete with systems like IPFS, Filecoin and Arweave by offering cheaper, scalable, and blockchain-native storage
🪙 The WAL Token
The WAL token is Walrus’s native cryptocurrency. Its primary functions include:
Payment for storage services: Users pay WAL to upload and host data on the network.
Staking and security: Nodes stake WAL to operate and help secure the network, earning rewards.
Governance: WAL holders can vote on protocol decisions (e.g., fees, penalties, upgrades).
Max supply: 5 billion WAL tokens (deflationary model with some burning and utility mechanisms).