Wu said that Fuel officially announced that its native token FUEL will be launched in the next two weeks. FUEL is an ERC-20 token based on the Ethereum mainnet, with a total initial supply of 10 billion, of which 20% will be allocated to the community. FUEL will be released to the community based on different eligibility criteria such as the Fuel Points program and incentive testnet, with the community portion being 100% unlocked at launch. Fuel emphasizes that 51% of the total supply will be used for the community, ecosystem, and research and development, while unallocated tokens will be used to support the establishment of the sorted network. In addition, the team's and investors' tokens will be released linearly over a period of 24 to 48 months, and staking will be prohibited during the lock-up period. Previously, Fuel completed a $80 million financing led by Blockchain Capital and Stratos in September 2022.