Fuel Labs launches FUEL tokens, with 20% of the initial supply allocated to the community

On December 10th, Fuel Labs announced the upcoming launch of Fuel Network's native token, FUEL, with an initial total supply of 10 billion, of which 20% will be allocated to the community. FUEL will be used to secure Fuel's decentralized serializer and reduce users' gas fees by introducing an economic incentive structure based on application-specific ordering. The launch is expected to take place in the next two weeks, and Fuel will also expand the community through Phase 2 of the Fuel Points program and partnerships with Legion, Impossible Finance, and Bitget.