a16z backed Walrus Protocol to be listed on Gate.io and KuCoin, what is WAL?
Gate.io, Kucoin and Mexc should write Wal’s Wal Token later during the day, after its main launch and its token generation event.
According to a recent official announcementCrypto Exchange Gate.io will list Walrus (WAL) for cash trading against the USDT on March 27 at 10:00 am UTC. The token will be available exclusively on the SU network.
Although users can already make deposits, withdrawals will be available from 10:00 am UTC on March 28, 2025. From March 27 to April 8, users can also mark their tokens to win an additional WAL every hour, depending on the proportion of assets they have marked out, from a total air pool of 200,000 WAL tokens.
The list on Gate.io will follow the generation event event for the Wal token, which is also planned for today. TGE coincides with the Launch of the Walrus Mainnetwhich will allow users to use WAL tokens in the Morse ecosystem.
The Public Testnet of the Walrus protocol was launched in October of last year.
Although the launch price is not clear at the time of the press, Wal will also be listed on other major exchanges, in particular KucoinMexc, bitget, and Bithumbsimultaneously with the launch of Gate.io.
In the meantime, tokenomics reveals that Wal will have a maximum offer of 5 billion tokens. More than 60% of this offer goes directly to the community to help the adoption and growth of Bootstrap. This includes 10% for ARIDROPS to first users, 43% reserved for subsidies, developer support and incentive programs, the rest being reserved as subsidies for storage nodes.
The rest of the allowance includes 30% for basic contributors and 7% for the first investors who supported the project during fundraising.
Without acquisition on the Ardropped tokens, the launch of Wal could see early volatility while recipients benefit from benefits.
What is the Walrus protocol?
Developed by Mysten LabsWalrus is a storage and availability protocol of decentralized data on the Blockchain followed on large binary objects – also known as Blobs. It aims to take up challenges concerning scalability, cost and tolerance to breakdowns for decentralized storage networks.
Supported by heavy goods vehicles like A16z Crypto, Electric Capital and Franklin Templeton Digital Assets, Walrus recently lifted $ 140 million In a round of funding led by the standard crypto.
Walrus is designed to provide a Blob storage layer optimized for decentralized applications. It works by distributing data on a global node network, each in competition for user participation. This system improves resilience and efficiency while ensuring great availability to store large unstructured files, ideal for use cases such as NFT, decentralized social media and AI data sets.
The Wal token plays several roles within the ecosystem. It is used to pay storage, secure the network through stimulum and participate in the governance of the protocol. Users can delegate WAL to node operators to win rewards or vote on network changes.
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