Walrus Announces Main Site Will Go Live on 27 March
Walrus, the blockchain storage protocol, has announced that its mainnet will go live on 27 March, and unveiled its token economic model, where more than 60% of WAL tokens will be distributed to the community to be used for airdrops, grants, developer support, incentive programmes, and storage subsidies, according to official news. The distribution is as follows: 10% - Walrus User Airdrop: allocated to early adopters and reserved for future distribution; 43% - Community Reserve: used for grants, developer support, incentive programmes and other ecosystem initiatives; 30% - Core Contributors: allocated to early Walrus builders; 10% - Subsidies: used to support the storage nodes as the fee base grows; 7% - Investors: allocated to participating fundraisers. Investors: allocated to investors participating in the financing; In previous news, Walrus Foundation announced the completion of a $140 million financing round with participation from Standard Crypto and a16z.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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