Walrus protocol announces token economic model: 10% for Walrus user airdrop

PANews, March 20 news, Sui developer Mysten Labs has launched the Walrus protocol, which announced its Token economic model. The total supply of WAL tokens is 5 billion, with an initial circulating supply of 1.25 billion. The distribution of WAL tokens is as follows: 10% for Walrus user Airdrop, 43% for community reserves, used for funding, developer support, and incentive programs, 30% allocated to core contributors, 10% for subsidizing storage nodes, and 7% allocated to investors, with a lock-up period of 12 months after the Mainnet release. The WAL token, as a payment token, aims to keep storage costs stable and ensure protocol security through delegated stake. Walrus adopts a deflationary mechanism, including penalty fees for short-term staking and reductions for inefficient storage nodes, to promote the long-term stable development of the network.