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Gon

@gon1

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23 Followers
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Fuel Genesis is coming. Introducing FUEL—the native token of the Fuel network. The FUEL token is central to our mission to build a more fair and verifiable internet. FUEL will transform the Ignition ecosystem by enabling web2-like, fee-less experiences for users, making blockchain technology accessible to the masses. Core Tokenomics 20% of FUEL’s total initial supply will go to the community. FUEL will be released to the community based on various eligibility criteria, including participation in the Fuel Points Program and incentivized testnet. In total, 51% of FUEL is for community, ecosystem, and R&D. $FUEL is an Ethereum Mainnet ERC-20 and will have a total initial supply of 10 billion. 100% of the community will be unlocked at launch. Team and purchasers will be linearly unlocked between 24 and 48 months, and can't stake locked tokens. 💚 Fuel would be nothing without its community.
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Some key points about Fuel historical airdrop method (low value interactions + farm + multi) is dying. Upcoming projects are exploring new ways of distributing tokens and many opportunities will pop out in the coming months. Fuel choose to go with deposit to earn model which discourage Sybils and encourage large liquidity owners to commit their funds. Fuel is literally using the Blast model because they deployed a contract on Ethereum mainnet with no Fuel mainnet at this moment (meaning no official mainnet bridge). The deposit contract is a GNOSIS SAFE multi sig contract which private keys are held by anonymous entities (according to Fuel), i reviewed the audit report, it seems strong with no major security issues. If you decide to put your money in this contract, you should as always know that even if audited, a contract can be hacked and no 0 risk exists in this ecosystem. Last thing i wanted to point out, there's still a very small chance that testnet interactions might be rewarded somehow.
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