Fuel Network has announced the initiation of its Genesis Drop, distributing 1 billion FUEL tokens, which represents 10% of the total supply, to over 200,000 eligible wallets. The airdrop is set to be claimable starting December 19, 2024, and will remain open until January 19, 2025. The distribution is divided into several categories, including Phase 1 Pre-Depositors receiving 287 million FUEL, Testnet Users getting 64.2 million FUEL, NFT Connoisseurs allocated 125 million FUEL, Fuel Bridgoors receiving 200 million FUEL, Ecosystem Glass Eaters with 138.8 million FUEL, Open Source Community with 175 million FUEL, and Fuelet Magisters with 10 million FUEL. This initiative aims to reward the Fuel community and is part of a broader plan to allocate 20% of the total FUEL supply to community members, with an additional 5% allocated for community expansion efforts and another 5% for future initiatives. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
