$WAL Is Not a Speculation Token. It Is the Network
The WAL token is not decorative. It is the mechanism that holds Walrus together. Storage providers stake it to participate. Slashing enforces honest behavior. Rewards are tied directly to uptime, reliability, and real data demand.
Users pay in WAL for storing and retrieving blobs. Governance decisions flow through WAL voting. Protocol upgrades, fee structures, and reward curves all depend on token-weighted consensus.
Most importantly, the economy is usage-driven. If nobody stores data, rewards dry up. If demand increases, infrastructure scales naturally. This is the opposite of empty emission models that survive on hype alone. WAL’s value is not theoretical. It is derived from the system actually doing work.
WAL
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