Walrus’s WAL Token Set for Major Exchange Listings
Walrus’s WAL token is gearing up for a big day. Gate.io, KuCoin, and MEXC will list the token today, following its mainnet launch and token generation event. Gate.io will start spot trading for WAL against USDT on March 27 at 10:00 AM UTC.The token will operate on the Sui network.
Deposits are already open, but withdrawals will start on March 28 at 10:00 AM UTC. From March 27 to April 8, users can stake their tokens to earn more WAL every hour. The total airdrop pool for this period is 200,000 WAL tokens.
The listing coincides with the launch of the Walrus mainnet. This will enable users to use WAL tokens within the Walrus ecosystem. The public testnet for the Walrus Protocol was launched in October last year.
WAL will also be listed on other major exchanges like KuCoin, MEXC, Bitget, and Bithumb. The maximum supply of WAL is 5 billion tokens. Over 60% of this supply is allocated to the community to boost adoption and growth.
Walrus, developed by Mysten labs, is a decentralized storage protocol on the Sui blockchain. It focuses on large binary objects, or blobs, and aims to solve scalability, cost, and fault tolerance issues in decentralized storage networks.
Backed by investors like a16z crypto and Electric Capital, Walrus recently raised $140 million. The WAL token serves multiple roles: it pays for storage, secures the network through staking, and allows users to participate in protocol governance.
