Fuel Labs has officially launched its native token, FUEL, marking a major milestone for the Fuel Network. This launch aims to bring a more fair and verifiable internet experience to users, offering Web2-like, fee-less experiences while pushing toward decentralization.
As part of the launch, Fuel announced the highly anticipated Fuel Genesis Drop, which allocates 1 billion FUEL tokens (10% of the total supply) to over 200,000 eligible participants. These tokens are now available for claim through the Fuel Ignition platform on the official claims page.Â
The Genesis Drop rewards contributions made across the Fuel ecosystem, with a claim period running from December 19, 2024, to January 19, 2025.
In addition to the Genesis Drop, Fuel has introduced staking and delegation for FUEL tokens on both Fuel Ignition and Ethereum networks. This move allows users to participate in Fuel’s decentralized sequencer network by staking or delegating tokens to trusted validators.
The goal is to decentralize sequencing, improving fault tolerance, liveness, and censorship resistance for the platform. While 13 validators currently support the network, Fuel plans to expand this set to a fully permissionless structure in the future.
Staking is live with an annual inflation rate of 3%. Participants can choose to stake on Ethereum for higher security guarantees or on Fuel Ignition for a more user-friendly, low-fee experience.
The unstaking mechanics differ between the two platforms, with Ethereum having a 2-week unbonding period and Ignition allowing tokens to be unstaked at any time after a 1-week waiting period.
Furthermore, the transition from the earlier Fuel V1 token to the new FUEL token has been simplified. Fuel V1 holders can upgrade their tokens at a 1:100 ratio, giving them access to the new token.
Fuel is committed to building a decentralized future for Ethereum-based rollups, and this token launch is a significant step toward realizing that vision.
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