The token $WAL es essential for the functioning of the Walrus ecosystem through four pillars:
1- Payments: WAL is the exclusive currency used to pay for storing large files (blobs) and multimedia content on the network.
2- Staking: Users delegate their tokens to storage nodes to secure the network and, in return, receive rewards.
3- Governance: WAL holders can vote on protocol parameters, such as storage prices and incentives for nodes.
4- Deflationary Mechanism: The protocol includes burning a portion of transaction fees to reduce the supply over time. #walruspotocol $WAL
WAL
0.077
-3.50%