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1. What is Fuel? #Fuel — In its first version, the project was the first optimistic rollup on Ethereum. In its second version, Fuel changed its approach and became a modular platform that separates transaction execution from consensus. The project’s main product became the L2 solution called Fuel Ignition. Official Warpcast : @fuel-network Official X : @fuel_network
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2. Team Fuel launched back in 2020, and its development is led by: • John Adler — Co-founder and Vice President of Fuel Labs, also the founder of Celestia. • Nick Dodson — Co-founder and CEO of Fuel Labs, holds a degree in Behavioral Economics from the University of Toronto, and is also the founder of WeiFund.
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3. Funding Investors: Blockchain Capital, Bain Capital Ventures, CoinFund, Fenbushi Capital, TRGC, Almora Capital, Origin Capital, Alameda Research, Maven 11 Capital, Dialectic Capital, ZMT Capital, Blockwall Management, Stratos Technologies, Spartan Capital, YAY Network. Raised: $90.9 million.
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4. Tokenomics $FUEL — Governance, staking, and payment/settlement token. • 33.1% — Purchasers • 20% — Community • 15.4% — Ecosystem & R&D • 15.4% — Ecosystem & R&D (24 months) • 9.8% — Contributors (48 months) • 6.2% — Contributors (24 months) Total supply: ~10 billion tokens.
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5. How It Works At its core, Fuel Network is a modular blockchain used as an execution layer. Fuel’s primary goal is to enhance Ethereum scalability by creating a developer-focused ecosystem.
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