Gate.io, Kucin and Mexc will list Wal token’s Wal token’s Wal later today, after the event of Mainstet Lancy and Token Generation.
According to a recent official announcementCrypto Exchange Gate.io will mention Walrus (Wal) for spot trade against USDT on March 27 at 10:00 am UTC. The token will be exclusively available on the SUI network.
Although users can already make deposits, recordings are available from 28:00 UTC on March 28, 2025. From March 27 to April 8, users can also use their tokens to earn extra shore every hour, based on the share they have set, of a total air droppool of 200,000 Wal Tkens.
The list on gate.io follows the tokentameration event for the Wal Token, which is also planned for today. The TGE coincides with the Launch of the Walrus MinetWith which users can use WAL tokens in the walrus ecosystem.
The public test network for the Walrus protocol was launched in October last year.
Although the launch price remains unclear at the time of the press, WAL will also be mentioned on other large stock exchanges, including KucinMexc, bitget, and BithumbSimultaneously with the gate.io launch.
In the meantime, tokenomics reveals that WAL will have a maximum stock of 5 billion tokens. More than 60% of that offer goes directly to the community to help Bootstrap’s adoption and growth. This includes 10% for Airdrops for early users, 43% reserved for subsidies, support for developers and stimulation programs, whereby the rest is set aside as subsidies for storage junators.
The rest of the allocation comprises 30% for core contributions and 7% for early investors who supported the project during fundraising.
Without an airdroped tokens fortress, the launch of Wal could see early volatility while recipients take a profit.
What is Walrus protocol?
Walrus was developed by Mysten Labs and is a decentralized protocol for storage and data availability on the Sui Blockchain aimed at large binary objects – also known as blobs. It aims to meet challenges about scalability, costs and error tolerance for decentralized storage networks.
Supported by heavyweights such as A16Z Crypto, Electric Capital and Franklin Templeton Digital Assets, Walrus recently raised $ 140 million in a financing round led by Standard Crypto.
Walrus is built to offer a Blob storage layer that is optimized for decentralized applications. It works by distributing data on a global network of nodes, each competing for users’ interest. This system improves resilience and cost efficiency and ensures high availability for storing large, unstructured files, ideal for use cases such as NFTs, decentralized social media and AI data sets.
The shore token serves different roles within the ecosystem. It is used to pay for storage, secure the network by turning off and participating in protocol management. Users can delegate Wal at junction operators to earn or vote for rewards about changes in the network.
