Gate Will List Walrus(WAL) Spot Trading: Stake WAL in Launchpool to Earn WAL Airdrops Hourly

Gate will list Walrus(WAL) for spot trading at 10:00 on March 27, 2025 (UTC). To reward our users, you can stake WAL in Walrus (WAL) Launchpool to earn 200,000 WAL airdrop for free, with rewards distributed every hour.

Walrus(WAL) Spot Trading
Trading Starts: March 27, 2025, 10:00 (UTC)
Deposit WAL: https://www.gate.com/myaccount/deposit/WAL
Trade WAL in USDT Market Via: https://www.gate.com/trade/WAL_USDT

Airdrop Details
Staking Period: March 27, 2025, 12:00 - April 8, 2025, 12:00 (UTC)

Unlocking Rule: 100% Unlock **Rewards Distribution:** The system will distribute token rewards to users' spot accounts every hour based on the proportion of assets staked by each user. Launchpool FAQ **How to Participate:** Log in to your Gate account and complete identity verification → Navigate to the Launchpool → Hold at least 0.5 WAL → Click ‘Stake Now’.

Project Information
(Provided by the Walrus (WAL) team. Please follow the Walrus (WAL) website for more details）
Introduction: Walrus is a decentralized data storage network for data and rich media content such as large text files, videos, images, and audio. Unlike traditional cloud storage systems that rely on storing full copies of data in centralized servers, Walrus splits data into small pieces and distributes them across multiple nodes globally. By decentralizing this way, Walrus ensures the data remains available quickly, even in the face of failure; if parts of the network go offline, the system can still retrieve complete data. Walrus represents an evolution in how decentralized data storage works, built with learnings from the successes and challenges of earlier protocols like Filecoin and Arweave. Using innovative encoding algorithms, Walrus offers fast writes and reads, as well as the option to delete data you no longer want stored. Built on the Sui Network, storage capacity is programmable and can be maintained and extended via smart contracts.
Token Name: Walrus
Token Symbol: WAL
Max Supply: 5,000,000,000
Token Type: SUI
Token ID: https://suiscan.xyz/mainnet/coin/0x356a26eb9e012a68958082340d4c4116e7f55615cf27affcff209cf0ae544f59::wal::WAL/txs
Token Distribution Ratio and Unlocking Rules:
Mysten Labs: 10% (TGE: 10%, 60 months linear vesting);
Early Contributors: 20% (12 months cliff, unlock 40% after the 12th month, then 36 months linear vesting);
Investors: 7% (12 months cliff);
Airdrop: 10% (TGE: 100%);
Subsidies: 10% (TGE: 2%, 50 months linear vesting)
Walrus Foundation: 43% (TGE: 32.1%, 96 months linear vesting).
Website: https://www.walrus.xyz/
Whitepaper: https://docs.walrus.site/walrus.pdf

Notes:

1. Please complete Identity Verification before participating in Launchpool to enhance the security of your account and assets.
2. Please adhere to the relevant rules of the event when participating. Any cheating behavior is prohibited. An occurrence of any dishonesty will result in the disqualification of the rewards.
3. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
4. Gate reserves all rights to the final explanation.
5. This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the User Agreement for further details on Restricted Locations.

Gate Labs Investment Disclosure
Gate Labs did not invest in Walrus (WAL).

Risk Warning

1. The project team does not guarantee that token price will not be lower than its initial sale price. Please invest with caution, and don’t invest beyond your financial capacity.
2. The crypto project is still in its initial stage, factors including the operation and underlying technology of the project, and other related regulatory activities might contribute to significant risks. -Advanced technical and financial knowledge is required to understand, and evaluate the inherent risks of crypto-asset investment.
3. The market volatility is high, and the price of a token might fluctuate drastically due to technical, regulatory, and marketing factors.
4. Users may not be able to withdraw all the purchased tokens due to technical issues of the project or Gate.

Gate Team
March 24, 2025

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