PANews December 10 news, Fuel Labs announced the launch of the $FUEL token, which will go live in two weeks, to ensure the security of the decentralized sequencer and enable fee-free transactions for users through application-specific sorting mechanisms. As the fastest ( >600 TPS) and lowest cost ($0.0002 per transaction) Optimistic Rollup on Ethereum, Fuel aims to promote blockchain adoption.

$FUEL total supply of 10 billion, with over 51% allocated to community, ecology, and R&D, and 20% initial supply reward for the Fuel points program and testnet participants. Fuel will further achieve network decentralization, allowing users to stake $FUEL to participate in network security and earn rewards. The community expansion plan will be launched in sync with Legion, Impossible Finance, and Bitget.