TechFlow reports that on December 10, Fuel Labs announced the launch of its native token FUEL within the next two weeks. The token will have an initial total supply of 10 billion, with 20% allocated to the community and over 51% dedicated to community, ecosystem, and research and development.
The FUEL token will secure the network's decentralized sequencer through a Proof-of-Stake (PoS) mechanism and introduce an economic incentive structure based on Application-Specific Sequencing to reduce user gas fees. The Fuel network will expand its community through the second phase of the Fuel Points program and partnerships with platforms such as Legion, Impossible Finance, and Bitget.
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