Fuel Labs Launches FUEL Token, 20% of Initial Supply to be Distributed to Community

Fuel Labs has announced the upcoming launch of FUEL, the native token for the Fuel network, with a total initial supply of 10 billion tokens, 20% of which will be allocated to the community and more than 51% of which will be used for community, ecosystem, and R&D. FUEL will be used to secure Fuel's decentralised sequencer and to reduce gas costs for users by introducing an economic incentive structure based on application-specific ordering. The launch is expected to take place over the next two weeks and will be accompanied by community outreach from Fuel through the Fuel Points programme Phase 2 and partnerships with Legion, Impossible Finance, and Bitget.