Fuel Network Token Airdrop Guide: Earn $1500 for Free

Fuel Network is another trending modular blockchain project in 2023, similar to Celestia. Their Beta-2 Testnet recently went live, which means early users can potentially qualify for an airdrop. In this article, we will explain what Fuel is and how to position yourself for the token airdrop.

What is Fuel?

Fuel is focused on building the fastest execution layer for modular blockchains. It is essentially a verifiable computation system designed for the modular blockchain stack. This system is based on a fraud- or validity-provable blockchain or other computation system that leverages a modular blockchain for data accessibility.

There is an ongoing shift happening in the architecture of layer-1 (L1) blockchains. We are transitioning from a monolithic design, in which consensus, data availability, and execution are interdependent, to a modular future where execution is detached from data availability and consensus. This decoupling permits specialization at the foundational layer, leading to a significant increase in bandwidth capacity. As such, Fuel is specifically developed to leverage this additional bandwidth, delivering high security and flexible throughput.

Who is the Team behind Fuel?

Fuel is developed by Fuel Labs, co-founded by John Adler and Alex Hansen. Adler is also the co-founder of Celestia, another popular modular blockchain project. In fact, both projects are complementary in terms of technical route. But Fuel is positioned as a modular execution layer, whereas Celestia is optimized for data availability and ordering.

In September 2022, Fuel Labs successfully raised $80 million in a funding round led by Blockchain Capital and Stratos Technologies. Other backers also include some of the sector’s biggest investors such as CoinFund, Bain Capital Crypto, and TRGC.

Does Fuel have a Token?

As of now, Fuel has not confirmed the launch of a token. But with more than $80 million raised and its counterpart Celestia launching a token, it is very likely that Fuel will launch a token ahead of the mainnet launch.

How to Receive Potential Fuel Token Airdrop

The best chance to receive Fuel airdrops is to interact with their testnet. Fuel recently launched their Beta-2 Testnet, and it is important to interact with their protocols for a chance to be included in the snapshot. Here’s a step-by-step guide on how to position yourself for the airdrop:

Install Fuel Wallet

You will need to install Fuel Labs Wallet to interact with the testnet. Go to wallet.fuel.network/docs/install and download the zip file of the wallet. Once it’s complete, go to Chrome Extensions and toggle on “Developer Mode” at the top right corner of the screen. Now drag the downloaded zip file to the extension page to begin installing the wallet.

Claim Testnet Tokens

After setting up your wallet, go to your wallet and click on the “Faucet” button. You will be redirected to the Test Ether faucet page. Enter your wallet address and you should receive some test ETH immediately.

Connect with Fuel Wallet

Now, you will need to request a connection with your wallet, which will authorize your application to execute other actions. Go to wallet.fuel.network/docs/how-to-use, scroll down to the “Request Connection” section and connect.

Interact with SwaySwap

SwaySwap is a decentralized exchange built on the Fuel test network, and is very likely a prerequisite to be included in the snapshot. Go to fuellabs.github.io/swayswap and launch the app. Here you can swap tokens and provide liquidity to the protocol, the more frequent the better chances you’re eligible for the airdrop.

Interact with Other DApps on the Ecosystem

There are many other projects building on Fuel. This link is an updated list of all the protocols that are live on the testnet. Additionally, most of these DApps do not have a token yet. Interacting with them could also get you to qualify for their own token airdrop!

Airdrop Review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of Airdrop: Fuel has not confirmed a token launch yet, let alone an airdrop. But given the amount of money it raised and the project sharing the same co-founder as Celestia, there is a good chance they will have a token, and with it an airdrop.

Airdropped Token Allocation: TBD

Airdrop Difficulty: The steps are relatively easy as you just have to install a wallet and interact with SwaySwap. We also recommend being active with other DApps to increase your chances of getting an airdrop.

Token Utility: TBD

Token Lockup: TBD

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