We’re excited to unveil the Fuel Genesis Drop, designed to reward Fuel’s community.
The Fuel Genesis Drop gives 1 billion FUEL (10% of the total supply) to more than 200,000 unique addresses, spread across various categories listed below.
Starting today, anyone can check their eligibility by visiting app.fuel.network/drop. FUEL tokens from the Fuel Genesis Drop will be claimable at launch on Dec 19, 2024 until January 19th, 2025.
For more information, see the Fuel Genesis announcement.
Genesis Drop Breakdown
The Genesis Drop gives 1 billion FUEL to the Fuel community through these categories:
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Phase 1 Pre-Depositors - 287,000,000 FUEL
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Testnet Users - 64,200,000 FUEL
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NFT Connoisseurs - 125,000,000 FUEL
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Fuel Bridgoors - 200,000,000 FUEL
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Ecosystem Glass Eaters - 138,800,000 FUEL
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Open Source Community - 175,000,000 FUEL
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Fuelet Magisters - 10,000,000 FUEL
This is just the beginning. In total, 20% of FUEL supply will go to the Fuel community:
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10% in total for the Genesis Drop.
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5% for community expansion efforts split between partnership platforms.
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5% for yet-to-be-announced incentives, programs, campaigns and activations.
Phase 1 Pre-depositors - 287,000,000 FUEL
We’re grateful to all participants of the Fuel Points Program.
Many points programs today typically overly favor larger holders. For Phase 1, we’ve introduced a Sybil-adjusted bonus designed to give non-whales a more meaningful reward.
Eligibility criteria:
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Participated in Phase 1 of the Fuel Points Program.
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Bridged all of their qualified assets to Fuel Ignition by November 22, 2024.
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Deposited qualified assets for a minimum of 7 days and have a minimum of 3 points.
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Eligible for Phase 1 Points Program and not a person from a restricted country or region.
Phase 2 is still ongoing. More information can be found here.
Testnet Users - 64,200,000 FUEL
We’re grateful to the early Fuel community who helped make Fuel Ignition possible by using our final public testnet on the Sepolia Ethereum network.
Eligibility criteria:
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Completed at least 16 transactions on the Fuel Sepolia Testnet and were active for at least 16 days.
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Snapshot taken July 15, 2024. Eligibility start date: May 30, 2024.
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If you participated in the Fuel Sepolia testnet and were not eligible based on the above criteria, please fill out this form before Dec 18 at 3 PM CET.
Exclusion criteria
- Asset flows were analyzed to identify clusters of wallets. Within each cluster, wallets exhibiting identical or nearly identical patterns were classified as Sybil. Outlier detection was applied to the final results to ensure accuracy and identify any anomalies.
NFT Connoisseurs - 125,000,000 FUEL
The heart of the Fuel community lies in its most enthusiastic and active members. Among the most dedicated are the NFT holders and traders, whose participation significantly drives the Fuel ecosystem forward.
We’re grateful both to the early OG collections and their communities, but also to the newer ones being established on Fuel today.
In total, 5,944 unique NFT Holders addresses are eligible based on the criteria below. We’ve also introduced an adjustment designed to give non-whale holders a more meaningful reward.
Eligibility criteria:
- Must have been holding an NFT on Fuel Ignition at 1PM UTC on Dec 13, 2024
Eligibility categories (ranks):
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Rank 1 - OG collections: Executors, Pumps, Monkees, Pengus
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Rank 2 - Early collections: Rocks, Fuel Dudes
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Rank 3 - Known: follows the correct NFT standards
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Rank 4 - Unknown: has not followed the correct NFT standards
Fuel Bridgoors - 200,000,000 FUEL
We’ve seen massive support from newcomers who bridged assets into Fuel Ignition.
Bridgoors were ranked by a system that favors those who bridged one or many of the verified assets into Ignition and were active in the ecosystem.
Snapshot was taken December 13th 2024 at 1PM UTC.
Eligibility criteria:
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Bridged qualified assets to Fuel Ignition before 1PM UTC on Dec 13, 2024.
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US dollar value of assets in the network multiplied by the number of days that value was in the network is larger than 300.
Eligibility Categories:
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Light User
- Bridged one or many verified assets into Fuel Ignition but did not interact with applications in any onchain detectable way.
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Heavy User
- Bridged one or many verified assets into Fuel Ignition but did spend some time using Fuel and its ecosystem applications.
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Power User
- Bridged one or many verified assets into Fuel Ignition and put some liquidity at risk in the following ecosystem projects: Mira, SwayLend, Griffy.
Ecosystem Glass Eaters - 138,800,000 FUEL
Fuel would be nothing without its thriving ecosystem of applications and builders.
Eligibility criteria
- The addresses for each category were carefully selected based on historical time spent contributing, and overall impact and usefulness to the broader Fuel ecosystem.
Eligibility categories:
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Ecosystem Builders
- Individuals who have made extraordinary contributions to building and advancing the Fuel ecosystem.
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Ecosystem Projects
- Individuals or teams who shipped a fully functional application within the Fuel Points Program timeframe, up until December 10, 2024.
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Ecosystem Auditors
- Contributors who made significant audit contributions to projects within the Fuel ecosystem.
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Fuel Researchers
- Individuals or teams who contributed to meaningful research that advanced the architecture or understanding of Fuel and its ecosystem.
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Fuel Discord Moderators
- Active moderators who have played a consistent role in fostering and maintaining the Fuel Discord community.
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Regional Communities
- Individuals or groups who have managed or led external or regional Fuel communities, helping to expand and support Fuel’s reach globally.
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Early Fuel Ambassadors
- Individuals who have been a part of the Fuel Ambassador Program, helping to support Fuel in its early days.
Open Source Community - 175,000,000 FUEL
Additional FUEL is given to builders who worked on critical external open source repositories which Fuel is built upon, or who made impactful commits to Fuel or its ecosystem, as well as projects that have made significant contributions to the broader blockchain community.
Eligibility criteria:
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5+ commits to critical open source libraries used by Fuel to meaningfully advance the project.
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5+ commits to Fuel related ecosystem projects or projects which made significant contributions to the broader blockchain community.
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Merged a meaningful PR into one of Fuel's repos as an external developer.
The Github repositories which are eligible are listed here.
Fuelet Magisters - 10,000,000 FUEL
Fuelet is the leading wallet on Fuel, and Fuelet Magisters are a group of early community members who took the initiative to learn about Fuel and its ecosystem at an early stage during the Early On Fuel campaign, led by the Fuelet team.
Eligibility criteria:
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Completed the 8-week-long Early On Fuel educational campaign led by the Fuelet team.
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Verified the role on the Fuel Guild before Dec. 12th 2024
Fuel The Future
This is just the start of our journey. We are thankful to our partners Openblock who have helped us deploy anti-Sybil mechanisms.
Please reach out to us on Discord if you have any concerns or questions.
To dive deeper into Fuel’s philosophy and architecture, as well as what sets us apart from other blockchain solutions, check out the Fuel Book. Check out our documentation for detailed instructions on how to get started in the Fuel ecosystem.