Cryptocurrency project Fuel has announced that its native token, FUEL, will be launched in the next two weeks. The initial supply will total 10 billion tokens.
Fuel has committed to allocating 20% of the initial supply (2 billion tokens) to the community. These tokens will be fully unlocked at launch and distributed based on various eligibility criteria, including participation in the Fuel Points Program and incentivized testnet.
Overall, over 51% of the total supply will be directed to the community, ecosystem growth, and research and development efforts.
Community (20%): Incentives, campaigns, and programs for community growth. Unused tokens can help build the sequencing network. Staking rewards will only benefit community efforts.
Ecosystem and R&D (24%): These tokens will be locked and released linearly over 24 months to fuel technology development and ecosystem growth. Staking rewards will focus on ecosystem development and Layer-2 incentives.
Contributors (24%): Contributors to the core project will have their tokens released linearly over 48 months, while past and current contributors will have a 24-month linear release.
Buyers (2020-2022): Tokens purchased during this period will unlock linearly over 24 months.
Tokens of teams and investors subject to 24-48 month vesting programs will not be eligible for staking during the lockup period.
*This is not investment advice.
