The second Fuel Genesis Drop gives 150,000,000 FUEL (1.5% of the total supply) to more than 250,000 unique addresses.
Starting today until March 2, 2025, anyone can check their eligibility and claim by visiting app.fuel.network/drop
For more information, see the Phase 2 Genesis Drop announcement.
Genesis Drop 2 Breakdown
We want to thank all participants who helped bootstrap Ignition. In total, 3.5% of FUEL total supply will have gone to Phase 2 participants both through the Fuel Bridgoors bonus (2%) and through this Phase 2 Genesis Drop (1.5%).
Phase 2 Points Program
We’re grateful to the participants of Phase 2 of the Points program for their active contributions to the Ignition ecosystem.
For eligibility criteria for Phase 2, see our previous announcement.
Many points programs today typically overly favor larger holders. For Phase 2, we’ve introduced a Sybil-adjusted bonus designed to give non-whales a more meaningful reward.
Note: There is an eligibility threshold of 1000 points (roughly $10 TVL).
In addition, adjustments have been made to Activity and Gas points to better recognize and reward active users. Since the average gas spent on a transaction on Ignition was <$0.0002, the original formula has been adjusted to more fairly reward everyone who’s actively participated by spending gas onchain.
Testnet
Additional testnet rewards are now claimable to eligible early adopters who helped battle-test the Ignition network.
For eligibility criteria for testnet rewards, see our previous announcement.
Note: Testnet users who received rewards as part of the first Genesis Drop should also check their eligibility.
Fuel The Future
We now turn our focus to building Fuel into a fully integrated liquidity hub with Fuel Season 1 (FS-1). FS-1 is designed to strengthen supply-side liquidity, reduce slippage, and create demand-side fee generation through enhanced liquidity pools.
All eligible persons can join by bridging to Fuel Ignition and depositing into any of the participating applications.
In total, up to 1.5% of FUEL total supply will be going to the program over multiple seasons in 2025, starting with FS-1.
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.