After looking at so many dazzling tokenomics designs, when I delved into Walrus's model, the first thing that came to mind was—this designer might be an honest person. Without those flashy concepts of infinite inflation, it instead presents a rare sense of clarity. Honestly, this simplicity initially made me a bit uncomfortable. But upon deeper reflection, this is precisely the smartest part.

**Layer 1: Clear total supply, for genuine peace of mind**

The total supply of WAL is fixed, which is truly valuable in an era where many projects can arbitrarily increase issuance. The allocation logic is also transparent—how much goes to development, how much to community incentives, how much to liquidity—there are concrete numbers to speak for themselves. It’s not vague promises. I interpret this transparency as a foundation of trust: I know my tokens won't be inexplicably diluted, and this certainty is a luxury in the volatile crypto world.

**Layer 2: Consumption scenarios make the token truly "come alive"**

A token that only appreciates while sitting in a wallet is just a symbol. WAL is different. It’s used for governance voting, paying service fees, participating in ecosystem activities—all while circulating and being consumed. This creates a positive feedback loop: the higher the ecosystem activity, the greater the demand for WAL; demand increases, and the value foundation becomes more solid. This is real utility, not something built on empty promises.

**Layer 3: Long-term vision of a steady and prudent approach**

Perhaps this model doesn’t seem aggressive enough and may not easily generate FOMO waves in the short term. But I believe projects that can settle down tend to go further.