Fuel Network has announced an upcoming airdrop, aiming to distribute 10% of tokens among users.
Planned FUEL Token Airdrop
Fuel Network has revealed that the airdrop event will commence on December 19 and run until January 19, 2025. For the first phase, 1 billion tokens out of a total supply of 10 billion will be allocated. Participation is restricted for users from the USA and UK due to local regulations.
Fuel Network's Goals and Prospects
Fuel Network aims to integrate an innovative L2 network with low transaction costs and a capacity of over 600 transactions per second. The FUEL token will be utilized on both the Ethereum blockchain and within the network itself. A primary goal for Fuel is to enhance the decentralized governance model and reduce fees.
Funding and Token Allocation
Fuel Network has raised over $88 million, mainly from venture capital funds. 32% of the tokens are allocated to purchasers, with another 15% going to early ecosystem supporters. The rest of the tokens are distributed among a broader audience and are protected from excessive influence by developers and the team.
Fuel Network is taking decisive steps in preparing the airdrop, viewing the development of its ecosystem as part of a broader program to integrate decentralized technologies and distribute tokens among users.
