Gate.io, KuCoin, and MEXC are set to checklist Walrus’s WAL token later right now, following its mainnet launch and token technology occasion.
Based on a latest official announcement, crypto trade Gate.io will checklist Walrus (WAL) for spot buying and selling in opposition to USDT on March 27 at 10:00 AM UTC. The token can be out there completely on the Sui community.
Whereas customers can already make deposits, withdrawals can be out there beginning at 10:00 AM UTC on March 28, 2025. From March 27 to April 8, customers may stake their tokens to earn extra WAL each hour, primarily based on the proportion of belongings they’ve staked, from a complete airdrop pool of 200,000 WAL tokens.
The itemizing on Gate.io will observe the Token Era Occasion for the WAL token, which can be scheduled for right now. The TGE coincides with the launch of the Walrus mainnet, which can permit customers to make the most of WAL tokens inside the Walrus ecosystem.
The general public testnet for the Walrus Protocol was launched in October final 12 months.
Whereas the launch value stays unclear at press time, WAL can even be listed on different main exchanges, together with KuCoin, MEXC, Bitget, and Bithumb, concurrently with the Gate.io launch.
In the meantime, tokenomics reveals that WAL can have a most provide of 5 billion tokens. Over 60% of that offer goes straight to the neighborhood to assist bootstrap adoption and progress. This consists of 10% for airdrops to early customers, 43% reserved for grants, developer assist, and incentive packages, with the remaining put aside as subsidies for storage node operators.
The remainder of the allocation consists of 30% for core contributors and seven% for early traders who backed the undertaking throughout fundraising.
With no vesting on airdropped tokens, WAL’s launch may see early volatility as recipients take income.
What’s Walrus Protocol?
Developed by Mysten Labs, Walrus is a decentralized storage and information availability protocol on the Sui blockchain targeted on giant binary objects—also called blobs. It goals to deal with challenges round scalability, price, and fault tolerance for decentralized storage networks.
Backed by heavyweights like a16z crypto, Electrical Capital, and Franklin Templeton Digital Property, Walrus not too long ago raised $140 million in a funding spherical led by Customary Crypto.
Walrus is constructed to supply a blob storage layer optimised for decentralised functions. It really works by distributing information throughout a world community of nodes, every competing for stake from customers. This technique improves resilience and cost-efficiency whereas guaranteeing excessive availability for storing giant, unstructured information, very best to be used instances like NFTs, decentralized social media, and AI datasets.
The WAL token serves a number of roles inside the ecosystem. It’s used to pay for storage, safe the community via staking, and take part in protocol governance. Customers can delegate WAL to node operators to earn rewards or vote on adjustments to the community.
