The Walrus ecosystem has officially launched its native utility and governance token, WAL, marking a significant step in its development. According to the results published in the material, this new token aims to enhance user engagement and network security within the platform.
WAL Token Supply and Utility
WAL has a capped supply of 5 billion tokens, which will be utilized for various functions, including payments for storage services. This feature is expected to streamline transactions within the ecosystem, making it more efficient for users.
Delegated Staking and Network Security
In addition to its utility in payments, WAL will also enable delegated staking, allowing users to contribute to the network's security while earning rewards. This dual functionality positions WAL as a vital asset for participants in the Walrus ecosystem.
Governance and Community Involvement
Moreover, the WAL token empowers users to take part in governance decisions, influencing the protocol's parameters and future developments. This governance aspect ensures that the community has a voice in shaping the direction of the Walrus infrastructure.
In a related development, ValleyDAO has launched a new branding campaign called FORGE, focusing on its upcoming biomining token. This initiative encourages community participation and aims to shape the brand's identity. For more details, see read more.
