FUELFuel Network (FUEL) Price

1.Project introduction

FuelVM, compared to EVM, removes historical baggage to achieve parallel transaction execution and native multi-asset optimizations using a UTXO model and strict state access lists. Sway, its native language, prioritizes compile-time analysis and security, inspired by Rust's safety features. The goal is to enhance computational power, state access efficiency, and transaction throughput. The project is initiated to overcome EVM limitations and provide a more scalable, secure smart contract environment.

2.Team introduction

Nick Dodson - Co-founder and CEO of Fuel

https://x.com/iamnickdodson

Brandon Kite - Chief Technology Officer

https://www.linkedin.com/in/bkite/  ;

3.Investment institution

Blockchain Capital, CoinFund, Stratos, Spartan Group, and others.

4.Token application and distribution

Token application

FUEL secures Fuel's decentralized sequencer and eliminates gas fees for users by introducing a novel economic incentive structure based on Application Specific Sequencing. FUEL will transform the Ignition ecosystem by enabling web2-like, fee-less experiences for users, making blockchain technology accessible to the masses.

Token distribution

Community: 20%  

Purchasers: 33.1%  

Ecosystem & R&D: 30.8%  

Contributors: 16%