Gate will list Fuel (FUEL) for spot trading at 10:00 AM on February 8th, 2025 (UTC). Users can stake BTC and FUEL on Gate Launchpool to earn FUEL token rewards every hour!
1.Fuel(FUEL) Mining: Stake BTC/FUEL to Earn FUEL Hourly
(1)Staking Period: 10:00 AM on February 8th - 10:00 AM on February 28th, 2025(UTC)
(2)Total Staking Rewards: 6,951,652 FUEL
(3)Unlocking Rule: 100% Unlock
(4)Reward Calculation and Distribution
The system will distribute token rewards to users' spot accounts every hour based on the proportion of assets staked by each user.
Gate Launchpool FAQ
2.Fuel(FUEL) Spot Trading:
Trading Starts: 10:00 AM on February 8th, 2025 (UTC)
Deposit FUEL: https://www.gate.com/myaccount/deposit/FUEL
Trade FUEL in USDT market via: https://www.gate.com/trade/FUEL_USDT
3.Project Information:
(The information below is provided by the Fuel (FUEL) team. Please follow the Fuel (FUEL) website for more information）
(1)Project introduction: Fuel combines several innovative features in order to bring new capabilities to the Ethereum ecosystem, without making any compromises. It aims to transform the Ethereum rollup space by combining the purpose-built FuelVM, a highly optimized Rust-based blockchain programming language Sway, and a fully integrated tool chain Forc, Together, these enable developers to create experiences never before seen in the Ethereum ecosystem.
(2)Token name: Fuel
(3)Token symbol: FUEL
(4)Max Supply: Infinite
(5)Token type: ETH , FUEL L2
(6)Token Contract (ERC) : https://etherscan.io/token/0x675b68aa4d9c2d3bb3f0397048e62e6b7192079c
Token Contact (Mainnet) : 0x1d5d97005e41cae2187a895fd8eab0506111e0e2f3331cd3912c15c24e3c1d82
(7)Token Distribution and Unlocked Rules:
Community: 20%
Ecosystem / R&D 24 : 15.4%
Ecosystem / R&D: 15.4%
Contributors 24: 9.8%
Contributors 48: 6.2%
Purchasers: 33.1%
(8)Website: https://fuel.network/
(9)Whitepaper: https://docs.fuel.network/docs/intro/what-is-fuel/
4.Gate Labs Investment Participating Disclosure
Gate Labs did not participate in the Fuel (FUEL) investment.
5.Notice
(1)Gate Launchpool is a staking product in the platform's Startup series, where users can stake designated tokens to receive rewards from the token pools. Before participating in Gate Launchpool, please ensure that you fully understand the participation rules. Click here to learn more details.
(2) Please complete identity verification before participating in Startup Mining to enhance the security of your account and assets.
(3) After the staking ends, the staked assets will be automatically redeemed. Users can increase or redeem the staked assets at any time during the staking period. After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. Additionally, if Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.
(4) The use of duplicate accounts and any other cheating behaviors are strictly prohibited. Any cheating behavior will result in disqualification for receiving rewards.
(5) Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
(6) Gate reserves all rights to the final explanation.
(7) This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the User Agreement for further details on Restricted Locations.
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Gate Team
February 7, 2025
