Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
New Crypto Project Announces Long-Awaited Airdrop

New Crypto Project Announces Long-Awaited Airdrop

Cryptodnes2024/12/11 23:00
By:Cryptodnes

A new cryptocurrency project is set to launch its native token in the next two weeks, with an initial supply of 10 billion tokens.

Fuel, the project behind the launch, will allocate 20% (2 billion tokens) to the community, unlocking them fully at launch and distributing based on participation in the Fuel Points Program and incentivized testnet.

More than half (51%) of the total supply is dedicated to community incentives, ecosystem growth, and research and development. The community allocation will support campaigns, staking rewards, and other initiatives to strengthen the network, with unused tokens potentially contributing to the sequencing network.

Additionally, 24% will be locked for ecosystem and R&D purposes, gradually released over 24 months to drive technological advancements and Layer-2 incentives. Another 24% will be reserved for contributors, with their tokens released over a period of 24 to 48 months, and staking will not be available during the lockup.

READ MORE:
How Ripple’s XRP Could Strengthen U.S. Financial Power

Tokens purchased between 2020 and 2022 will also unlock linearly over 24 months, with those held by team members and investors following a 24-48 month vesting schedule, excluding them from staking during the lockup period.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Florida Senator Embraces Bitcoin Strategic Reserve

Florida Sen. Joe Gruters backs Bitcoin Strategic Reserve, calling state "open for business" on crypto.A Lawmaker Champions Bitcoin in FloridaWhat the Bitcoin Strategic Reserve Could MeanFlorida’s Crypto-Friendly Reputation

Coinomedia2025/06/15 15:00
Florida Senator Embraces Bitcoin Strategic Reserve

Vietnam Legalizes Crypto Under New Digital Tech Law

Vietnam approves landmark Law on Digital Technology, legalizing crypto assets from Jan 1, 2026.Legal Recognition of Crypto AssetsA Regulated Framework Comes into ForceBoosting Tech EcosystemWhy It MattersWhat to Expect Next

Coinomedia2025/06/15 15:00
Vietnam Legalizes Crypto Under New Digital Tech Law

Presale Investors Target Early Bird Opportunity On Nexchain To Beat XRP And ADA

Nexchain leads 2025’s crypto presale scene with AI blockchain tech, $4.3M raised, and 429% ROI potential. Discover why it's the top presale crypto to buy now.Nexchain: AI Blockchain Leading The Crypto Presale MarketXRP: Legal Battle Keeps Traders On EdgeADA: Whale Accumulation Signals Long-Term ConfidenceFinal Words: Nexchain Dominates The Crypto Presale List

Coinomedia2025/06/15 15:00
Presale Investors Target Early Bird Opportunity On Nexchain To Beat XRP And ADA