Fuel Labs launches FUEL tokens, with 20% of the initial supply allocated to the community
2024-12-10 13:11:08
On December 10th, Fuel Labs announced the upcoming launch of Fuel Network's native token, FUEL, with an initial total supply of 10 billion, of which 20% will be allocated to the community. FUEL will be used to secure Fuel's decentralized serializer and reduce users' gas fees by introducing an economic incentive structure based on application-specific ordering. The launch is expected to take place in the next two weeks, and Fuel will also expand the community through Phase 2 of the Fuel Points program and partnerships with Legion, Impossible Finance, and Bitget.
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