Walrus protocol announces token economy model: 10% for Walrus user airdrops

The Walrus protocol launched by Sui developer Mysten Labs has announced its token economy model, with a total supply of 5 billion WAL tokens and an initial circulating supply of 1.25 billion tokens. The distribution of WAL tokens is as follows: 10% for Walrus user airdrops, 43% for community reserves for funding, developer support, and incentive programs, 30% for core contributors, 10% for subsidizing storage nodes, and 7% for investors. The unlocking period is 12 months after the mainnet is released. WAL token, as a payment token, aims to maintain stable storage costs and ensure protocol security through entrusted staking. Walrus adopts a deflationary mechanism, including penalty fees for short-term staking and reduction of inefficient storage nodes, to promote long-term stable development of the network.