The Walrus project officially announced the complete economic model for the $WAL token, and this distribution plan is quite interesting. The total supply is 5 billion tokens, with 60% allocated to the community, which truly reflects the emphasis on community ecology.

Let's look at the specific allocation breakdown. Community reserves account for 43%, equivalent to 2.15 billion tokens, mainly used for ecosystem development, liquidity mining, and community incentives, with usage determined by community governance. User airdrops make up 10% (500 million tokens), rewarding early testnet participants and ecosystem contributors. Core contributors receive 30% of the share, about 1.5 billion tokens, linearly released over 4 years. Institutional investors are allocated 7% (350 million tokens), unlocked within 2 years. The remaining 10% is used for storage subsidies, directly offsetting users' storage costs.

In terms of unlocking schedule, core contributors undergo a 4-year linear unlock, releasing 1/16 of their share each quarter, ensuring long-term commitment from the team. Investors are also not fully unlocked at once; their tokens are released over 2 years, with 1/8 unlocked each quarter. Community reserves are quite flexible, with their use and timing entirely decided by the community. User airdrops are straightforward, distributed in one lump sum after mainnet launch. Storage subsidies are dynamically adjusted based on actual storage needs.

Regarding the token's functions, $WAL can be used to pay for storage fees, as users need to spend tokens when storing data, and staking the tokens can also earn rewards. This design tightly links token demand with ecosystem usage, making it relatively pragmatic. The community-led governance model also gives participants more say, and this kind of structure is still quite common in Web3 projects.