WAL Token (WAL) Price, Charts & Market Data

WAL is primarily used to:

• Stake on storage nodes: WAL holders can delegate their tokens to storage nodes. This determines the distribution of storage responsibilities across the network by assigning "shards" proportionally to the stake delegated to each node.
• Secure storage guarantees: Staked WAL is subject to rewards or slashing depending on whether nodes meet their commitments to store and serve blob data. This mechanism helps ensure data availability and integrity.
• Pay for network services: WAL is used to pay for uploading data (writes) and reserving storage capacity (storage resources) over a defined number of epochs. Pricing is set by nodes via a weighted voting mechanism.
• Participate in governance: WAL holders influence protocol parameters through token-based voting. This includes setting penalty levels for failed challenges, shard recovery obligations and economic policy adjustments.
• Support decentralised economic incentives: WAL underpins a decentralised market for storage and compute resources, enabling users and storage providers to enter long-term commitments without central enforcement.