PANews reported on March 20 that the Walrus protocol launched by Sui developer Mysten Labs announced its token economic model. The total supply of WAL tokens is 5 billion, and the initial circulation supply is 1.25 billion. The distribution of WAL tokens is as follows: 10% is used for Walrus user airdrops, 43% is reserved for the community for funding, developer support and incentive programs, 30% is allocated to core contributors, 10% is used to subsidize storage nodes, and 7% is allocated to investors. The unlocking period is 12 months after the mainnet is released. As a payment token, WAL tokens are designed to keep storage costs stable and ensure the security of the protocol through delegated staking. Walrus adopts a deflation mechanism, including penalty fees for short-term staking and the reduction of inefficient storage nodes, to promote the long-term stable development of the network. The Walrus mainnet is scheduled to go online on March 27 .
