Gate.io, Kucoin, and MexC are set to list Walrus’ Wal Tokens later today, following the mainnet launch and token generation event.
According to a recent official announcement, Crypto Exchange Gate.io will list Walrus (WAL) for a spot deal with USDT at UTC on March 27th at 10am. Tokens are only available on SUI networks.
Users can already create deposits, but withdrawals will be available from March 28th to March 27th to April 8th, 2025 at 10am on UTC. Users can also earn additional WALs per hour from the total air drop pool of 200,000 wall tokens, based on the percentage of assets they bet.
The list of gate.io continues with the token generation event for WAL tokens. This is also scheduled for today. TGE coincides with the release of Walrus Mainnet. This allows users to use WAL tokens within the walrus ecosystem.
The Walrus Protocol public testnet was launched last October.
The launch price remains unknown at press time, but Wal will also be listed on other major exchanges such as Kucoin, MEXC, Bitget, and Bithumb at the same time as gate.io launch.
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Meanwhile, Toconomy reveals that Wal has a supply of up to 5 billion tokens. Over 60% of that supply goes directly to the community to help recruit and grow bootstrap. This includes 10% of airdrops to early users, 43% reserved for grants, developer support and incentive programs, with the rest being obtained as a grant from the Storage Node Operator.
The remaining allocations include 30%, 7%, and 7%, of the core contributors who supported the project during the fundraising.
Since it is not granted to airdropped tokens, Wal launches may see early volatility as recipients benefit.
What is the Walrus Protocol?
Developed by Mysten Labs, Walrus is a distributed storage and data availability protocol on the SUI blockchain focusing on large binary objects, also known as Blobs. It aims to tackle the challenges of scalability, cost, and fault tolerance of distributed storage networks.
Supported by heavyweights such as A16Z Crypto, Electric Capital and Franklin Templeton Digital Assets, Walrus recently raised $140 million in a funding round led by Standard Crypto.
Walrus is built to provide a blob storage layer optimized for distributed applications. It works by distributing data across a global network of nodes, each competing for investment from users. The system improves resilience and cost-effectiveness while ensuring high availability for storing large, unstructured files, perfect for use cases such as NFTS, distributed social media, and AI datasets.
WAL tokens play several roles within the ecosystem. It is used to secure networks through storage payments, staking, and participate in protocol governance. Users can delegate WAL to node operators to earn rewards and vote for changes to the network.
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