Wallace Protocol ($WAL) Token Airdrop Information
The Walrus Protocol ($WAL) is a decentralized storage and data availability protocol designed for large binary files, leveraging the Sui blockchain for reconciliation and settlement while ensuring high availability and stability across decentralized storage nodes. They have started working on a variety of things that could lead to a public testnet and potential airdrops! The following is a guide to the Walrus Protocol ($WAL) token airdrop.
Check out our step-by-step guide!
What is Wallace Protocol ($WAL)?
The Walrus Protocol ($WAL) is a decentralized storage and data availability protocol designed for large binary files, leveraging the Sui blockchain for reconciliation and settlement while ensuring high availability and stability across decentralized storage nodes. The main features of Walrus Protocol are:
- Cost-effective Blob storage: You can upload gigabytes of data at minimal cost by transmitting the data once over the network.
- High availability and robustness: Efficient data availability certification ensures data recovery even if 2/3 of the storage nodes fail.
- decentralized storage: Provides better guarantees for digital assets, ensuring users own the physical resources, not just the metadata.
- Supports various use cases: Suitable for storing media such as NFTs, AI-related data sets, blockchain records, etc.
- scalability: Based on the Sui Network, it scales horizontally to hundreds or thousands of distributed storage nodes to provide exabyte-level storage at a competitive cost.
How to receive the Wallace Protocol ($WAL) token airdrop?
Time needed: 12 minutes
Below is a guide on how to win a potential Walrus Protocol ($WAL) token airdrop.
- Access the Walrus protocol testnet
Go to https://stake.walrus.site/ and connect your Sui wallet. Click the Settings button in your Sui wallet and switch from “Mainnet” to “Testnet” mode.
- Get testnet $SUI token
At the bottom of the Sui wallet settings page there is an option to request testnet SUI tokens. Click to receive testnet SUI token. If you need more testnet SUI tokens, you can get them through Sui’s Discord channel. In the Discord channel, go to “testnet-faucet” and enter “!faucet (Sui wallet address)”. You will then be granted additional testnet SUI tokens.
- Testnet Walrus Protocol Get $WAL tokens
Click “Get WAL” on the Walrus Protocol staking site. You will then be prompted to exchange your testnet SUI tokens for WAL tokens. Staking requires at least one WAL token.
- $WAL token delegation
Select a committee node to delegate tokens to. Options include Mysten Labs, Cosmostation, or Everstake. Select a node and stake your WAL tokens.
- Monitor your staking position
Keep an eye on your staking positions. You can repeat the staking process whenever you receive new testnet SUI tokens.
