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	0.03130USDT	-3.40%	25,958,728.40WAL	8,909	0.03240USDT	0.03350USDT
2	WAL-USDT WAL_USDT	whitebit	BB	0.03141USDT	-3.20%	25,853,873.00WAL	19,910	0.03245USDT	0.03355USDT
3	WAL-USDT WALUSDT	bybit	A	0.03134USDT	-3.36%	11,878,850.80WAL	15,005	0.03243USDT	0.03352USDT
4	WAL-USDT WAL_USDT	gateio	A	0.03134USDT	-3.30%	8,814,243.00WAL	15,169	0.03241USDT	0.03356USDT
5	WAL-TRY WALTRY	binance	AA	1.52TRY	-3.18%	4,464,814.90WAL	1,321	1.57TRY	1.62TRY
6	WAL-USDT WALUSDT_SPBL	bitget	BB	0.03134USDT	-3.30%	3,231,460.02WAL	6,164	0.03241USDT	0.03351USDT
7	WAL-USDC WALUSDC	binance	AA	0.03130USDC	-3.69%	2,090,756.00WAL	774	0.03250USDC	0.03350USDC
8	WAL-USD WALUSD	kraken	AA	0.03126USD	-3.87%	1,654,316.92WAL	3,184	0.03252USD	0.03348USD
9	WAL-USD WAL-USD	coinbase	AA	0.03122USD	-3.70%	1,549,855.10WAL	877	0.03241USD	0.03352USD
10	WAL-BNB WALBNB	binance	AA	0.0₄4190BNB	-0.95%	405,044.90WAL	255	0.0₄4230BNB	0.0₄4420BNB
11	WAL-EUR WALEUR	kraken	AA	0.02724EUR	-3.58%	67,291.75WAL	23	0.02825EUR	0.02909EUR
12	WAL-USD WAL_USD	cryptodotcom	AA	0.03172USD	8.85%	15,777.70WAL	5	0.02914USD	0.03300USD
13	WAL-USDT WALUSDT	cexio	BB	0.03139USDT	-1.25%	2,476.55WAL	2	0.03179USDT	0.03314USDT
14	WAL-USD WALUSD	cexio	BB	0.03281USD	7.12%	1,006.74WAL	1	0.03063USD	0.03281USD
15	WAL-USDC WALUSDC	cexio	BB	0.03204USDC	1.90%	829.08WAL	1	0.03144USDC	0.03204USDC
16	WAL-USDT WALUSDT	bitrue	D	0.03130USDT	-3.40%	19,003,878.74WAL	37,702	0.03240USDT	0.03360USDT
17	WAL-KRW KRW-WAL	upbit	B	42.90KRW	-3.16%	15,564,501.27WAL	1,687	44.30KRW	45.80KRW
18	WAL-USDT wal_usdt	xtpub	-	0.03130USDT	-3.40%	5,091,079.03WAL	3,108	0.03240USDT	0.03350USDT
19	WAL-KRW WAL_KRW	bithumbkorea	-	42.18KRW	-3.76%	4,400,329.44WAL	648	43.83KRW	45.36KRW
20	WAL-USDT WALUSDT	toobit	C	0.03120USDT	-3.70%	4,289,466.90WAL	5,510	0.03240USDT	0.03350USDT
21	WAL-EUR WAL-EUR	bitvavo	B	0.02727EUR	-3.50%	2,320,182.13WAL	1,323	0.02826EUR	0.02911EUR
22	WAL-USDT WAL_USDT	bitunix	C	0.03130USDT	-3.40%	2,154,840.60WAL	9,521	0.03240USDT	0.03340USDT
23	WAL-USDT WAL-USDT	bingx	D	0.03130USDT	-3.40%	2,141,056.09WAL	8,775	0.03240USDT	0.03350USDT
24	WAL-USDT WALUSDT	mexc	C	0.03136USDT	-3.30%	1,991,061.15WAL	3,211	0.03243USDT	0.03350USDT
25	WAL-USDC WALUSDC	mexc	C	0.03134USDC	-3.45%	1,644,652.13WAL	3,010	0.03246USDC	0.03352USDC
26	WAL-USDT WAL_USDT	bydfi	-	0.03130USDT	-3.40%	1,460,162.22WAL	3,012	0.03240USDT	0.03350USDT
27	WAL-TRY WALTRY	btcturk	E	1.52TRY	-2.12%	1,181,780.50WAL	134	1.55TRY	1.62TRY
28	WAL-USDT wal_usdt	lbank	C	0.03130USDT	-3.54%	576,142.42WAL	3,799	0.03245USDT	0.03348USDT
29	WAL-USDT wal_usdt	digifinex	D	0.03120USDT	-3.70%	580,959.99WAL	12,793	0.03240USDT	0.03340USDT
30	WAL-EUR WALEUR	bit2me	B	0.02724EUR	-3.58%	67,291.75WAL	23	0.02825EUR	0.02909EUR
31	WAL-USDT WALUSDT	coinex	C	0.03090USDT	-4.83%	87,220.24WAL	1,617	0.03247USDT	0.03328USDT
32	WAL-USDT USDT-WAL	upbit	B	0.02375USDT	0.00%	0WAL	0	0.02375USDT	0.02375USDT
33	WAL-USDT WALUSDT	hitbtc	E	0.02625USDT	0.00%	0WAL	0	0.02625USDT	0.02625USDT
34	WAL-USDT WALUSDT	btcturk	E	0.03200USDT	11.17%	1,319.00WAL	3	0.02878USDT	0.03324USDT
35	WAL-BTC BTC-WAL	upbit	B	0.0₆3800BTC	0.00%	0WAL	0	0.0₆3800BTC	0.0₆3800BTC
36	WAL-KRW WAL_KRW	coinone	C	39.81KRW	0.00%	0WAL	0	39.81KRW	39.81KRW
37	WAL-BRL WAL-BRL	mercadobtc	C	0.1300BRL	-13.78%	157.84WAL	8	0.1508BRL	0.1800BRL
38	WAL-USDC WAL_USDC	backpack	C	0.02738USDC	0.00%	0WAL	0	0.02738USDC	0.02738USDC
39	WAL-USDC WALUSDC	cube	D	0.09250USDC	0.00%	0WAL	0	0.09250USDC	0.09250USDC