✨✨A New Altcoin Coming in Two Weeks: 20 Percent Will Be Distributed to the Community ✨✨

Fuel Labs has introduced FUEL, the token of the Fuel network. According to the company's statement, the FUEL token will form the cornerstone of the Fuel ecosystem and aim to provide a more fair and verifiable internet infrastructure for users.

Fuel Labs announced that the FUEL token will secure the decentralized sequencer on the Fuel network and eliminate transaction fees by introducing a new economic incentive structure. This structure is based on the Application Specific Sequencing model.

The FUEL token also aims to make blockchain technology more accessible by zeroing transaction fees in the Fuel Ignition ecosystem. Fuel Ignition stands out as an Optimistic Rollup solution that runs on Ethereum and can process more than 600 transactions per second, with a transaction cost of less than $0.0002.

Distribution to the community

Fuel Labs announced that 20 percent of the total FUEL supply will be distributed to the community. This distribution will be based on certain criteria such as the Fuel Points Program and incentivized testnet participation. The company stated that 51 percent of the total supply will be allocated to the community, ecosystem, and research and development.

“Our community is the backbone of Fuel, but we also welcome new participants to our ecosystem,” the statement said. In this context, Fuel Labs announced that it will conduct community growth activities in collaboration with Legion, Impossible Finance, and Bitget before the launch of the FUEL token.

The official launch of the FUEL token is planned for the next two weeks.

My dear friends, please do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is anyone who has not followed me yet, I would be happy if they did.Please leave your likes on my articles and posts. Thank you.