Question 1

What is WAL Token (WAL)?

Accepted Answer

WAL is the native utility and staking token of the Walrus decentralised storage protocol. Walrus is designed to provide efficient, secure and scalable decentralised blob storage for blockchain-based and decentralised applications. WAL is integral to the protocol’s operation, functioning as a staking mechanism that underpins data availability, incentivises correct behaviour among storage nodes and enables protocol-level governance.

The WAL token operates on the Sui blockchain, which serves as the control plane for Walrus. Unlike storage networks that use bespoke chains, Walrus leverages Sui for managing metadata, payments, staking and economic coordination.

Question 2

What is WAL Token (WAL) used for?

Accepted Answer

WAL is primarily used to:

- **Stake on storage nodes:** WAL holders can delegate their tokens to storage nodes. This determines the distribution of storage responsibilities across the network by assigning "shards" proportionally to the stake delegated to each node.
- **Secure storage guarantees:** Staked WAL is subject to rewards or slashing depending on whether nodes meet their commitments to store and serve blob data. This mechanism helps ensure data availability and integrity.
- **Pay for network services:** WAL is used to pay for uploading data (writes) and reserving storage capacity (storage resources) over a defined number of epochs. Pricing is set by nodes via a weighted voting mechanism.
- **Participate in governance:** WAL holders influence protocol parameters through token-based voting. This includes setting penalty levels for failed challenges, shard recovery obligations and economic policy adjustments.
- **Support decentralised economic incentives:** WAL underpins a decentralised market for storage and compute resources, enabling users and storage providers to enter long-term commitments without central enforcement.

Question 3

Who created WAL Token (WAL)?

Accepted Answer

The WAL token and the Walrus protocol were developed by Mysten Labs, the creators of the Sui blockchain. The whitepaper is authored by the MystenLabs team and outlines both the technical and economic design of the protocol, including WAL’s role. Implementation is carried out via smart contracts written in Move, the programming language used on Sui.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	WAL-USDT WALUSDT	binance	AA	0.03574USDT	-1.95%	12,498,287.80WAL	10,674	0.03646USDT	0.03719USDT
2	WAL-USDT WAL_USDT	whitebit	BB	0.03580USDT	-1.76%	4,573,443.00WAL	5,828	0.03644USDT	0.03723USDT
3	WAL-USDT WALUSDT	bybit	A	0.03574USDT	-1.87%	4,153,392.50WAL	4,392	0.03642USDT	0.03722USDT
4	WAL-TRY WALTRY	binance	AA	1.76TRY	-1.79%	3,222,787.20WAL	598	1.79TRY	1.83TRY
5	WAL-USDT WAL_USDT	gateio	A	0.03574USDT	-1.87%	1,657,551.00WAL	3,002	0.03642USDT	0.03722USDT
6	WAL-USDT WALUSDT_SPBL	bitget	BB	0.03570USDT	-1.92%	1,023,447.11WAL	610	0.03640USDT	0.03719USDT
7	WAL-USD WALUSD	kraken	AA	0.03578USD	-1.73%	635,413.82WAL	501	0.03641USD	0.03718USD
8	WAL-USD WAL-USD	coinbase	AA	0.03579USD	-1.68%	600,331.10WAL	264	0.03640USD	0.03716USD
9	WAL-USDC WALUSDC	binance	AA	0.03574USDC	-1.76%	69,227.70WAL	89	0.03638USDC	0.03710USDC
10	WAL-EUR WALEUR	kraken	AA	0.03304EUR	1.10%	26,372.02WAL	37	0.03268EUR	0.03307EUR
11	WAL-USD WAL_USD	cryptodotcom	AA	0.03701USD	1.43%	20,960.70WAL	641	0.03649USD	0.03701USD
12	WAL-BNB WALBNB	binance	AA	0.0₄4642BNB	2.25%	6,969.40WAL	4	0.0₄4540BNB	0.0₄4642BNB
13	WAL-USDT WALUSDT	cexio	BB	0.03607USDT	1.94%	2,312.24WAL	2	0.03538USDT	0.03612USDT
14	WAL-USD WALUSD	cexio	BB	0.03690USD	0.41%	751.57WAL	1	0.03675USD	0.03690USD
15	WAL-USDC WALUSDC	cexio	BB	0.03608USDC	0.18%	608.32WAL	2	0.03602USDC	0.03657USDC
16	WAL-USDT WALUSDT	bitrue	D	0.03590USDT	-1.37%	14,583,422.55WAL	36,161	0.03640USDT	0.03730USDT
17	WAL-KRW KRW-WAL	upbit	B	48.40KRW	-1.63%	9,999,651.26WAL	1,005	49.20KRW	50.40KRW
18	WAL-USDT WALUSDT	toobit	C	0.03574USDT	-1.92%	2,791,254.90WAL	6,029	0.03645USDT	0.03714USDT
19	WAL-USDT WAL_USDT	bitunix	C	0.03577USDT	-1.84%	1,850,659.70WAL	7,099	0.03644USDT	0.03718USDT
20	WAL-USDT WALUSDT	mexc	C	0.03578USDT	-1.84%	1,523,376.93WAL	3,191	0.03645USDT	0.03719USDT
21	WAL-USDC WALUSDC	mexc	C	0.03574USDC	-1.89%	1,484,177.01WAL	3,033	0.03644USDC	0.03719USDC
22	WAL-KRW WAL_KRW	bithumbkorea	-	48.27KRW	-1.43%	1,461,864.53WAL	276	48.97KRW	50.20KRW
23	WAL-USDT wal_usdt	xtpub	-	0.03570USDT	-2.19%	1,288,258.19WAL	2,391	0.03649USDT	0.03719USDT
24	WAL-USDT WAL-USDT	bingx	D	0.03578USDT	-1.81%	1,266,760.15WAL	6,160	0.03644USDT	0.03721USDT
25	WAL-USDT WAL_USDT	bydfi	-	0.03570USDT	-1.92%	1,228,716.06WAL	2,966	0.03640USDT	0.03719USDT
26	WAL-TRY WALTRY	btcturk	E	1.81TRY	0.04%	688,516.70WAL	60	1.81TRY	1.83TRY
27	WAL-EUR WAL-EUR	bitvavo	B	0.03185EUR	-2.47%	560,496.57WAL	301	0.03266EUR	0.03317EUR
28	WAL-USDT wal_usdt	lbank	C	0.03573USDT	-2.46%	289,437.18WAL	2,032	0.03663USDT	0.03722USDT
29	WAL-USDT wal_usdt	digifinex	D	0.03580USDT	-1.92%	109,708.37WAL	2,024	0.03649USDT	0.03719USDT
30	WAL-USDT WALUSDT	btcturk	E	0.03418USDT	0.00%	0WAL	0	0.03418USDT	0.03418USDT
31	WAL-EUR WALEUR	bit2me	B	0.03304EUR	1.10%	26,372.02WAL	37	0.03268EUR	0.03307EUR
32	WAL-USDT USDT-WAL	upbit	B	0.03367USDT	0.00%	0WAL	0	0.03367USDT	0.03367USDT
33	WAL-USDT WALUSDT	hitbtc	E	0.02625USDT	0.00%	0WAL	0	0.02625USDT	0.02625USDT
34	WAL-BRL WAL-BRL	mercadobtc	C	0.2099BRL	0.48%	206.61WAL	6	0.2089BRL	0.2100BRL
35	WAL-USDC WAL_USDC	backpack	C	0.02738USDC	0.00%	0WAL	0	0.02738USDC	0.02738USDC
36	WAL-BTC BTC-WAL	upbit	B	0.0₆4300BTC	7.50%	128.26WAL	1	0.0₆4000BTC	0.0₆4300BTC
37	WAL-USDT WALUSDT	coinex	C	0.03373USDT	0.00%	0WAL	0	0.03373USDT	0.03373USDT
38	WAL-KRW WAL_KRW	coinone	C	50.15KRW	0.00%	0WAL	0	50.15KRW	50.15KRW
39	WAL-USDC WALUSDC	cube	D	0.09250USDC	0.00%	0WAL	0	0.09250USDC	0.09250USDC