Deposit your funds into Fuel for a potential airdrop!
Fuel Labs Mainnet
Progress mission: 0 of 2
Rewards
Rewards
TBA
Past rewards
$500 $24,500
Details
Minimal cost
~$20
Minimum deposit
$500
Time required
15 min.
Category
Mainnet
Rating
7/10
Risk
Medium
Fuel Labs recently raised $81.5 million from well-known investors like Blockchain Capital and CoinFund. This funding gives them enough resources to keep developing their technology, which is already in demand. They currently have over 200,000 users and about $300 million in total value locked (TVL). On average, each user has deposited around $1,455.97. So, any deposit above that is considered higher than average.
For the next 45 days, testnet users will receive 1.25x bonus points. If you join partner dApps during this time, you’ll get 2x points, boosting your rewards further.
Pros & Cons
Why is it worth it?
Strong Financial Backing
Fuel Network has raised $81.5 million from big investors like Blockchain Capital and CoinFund. Having such strong financial support also adds credibility. It shows that serious players in the industry believe in Fuel’s potential.
Incentivized Participation for Early Users
Fuel Network rewards early users via a 1.25x multiplier for those testing its network and a 2x multiplier for users using partner dApps (decentralized applications).
Risks to consider
High Average Deposit
Fuel Network's average deposit is $1,455.97. This high deposit could discourage smaller investors or beginners from participating. They might feel like the platform is geared toward wealthier users.
Large TVL
Fuel Network boasts a total value locked (TVL) of around $300 million. This sounds impressive, but this concentration of funds could mean that a few large depositors control much of the value on the platform.
Short-Term Incentives
The bonus points and multipliers Fuel offers right now are great for attracting users early on. However, once these incentives run out, people might lose interest and stop using the platform.
Competition
Fuel Network is entering a crowded field with many other blockchain projects and Layer 2 solutions offering similar services. Competing with well-established projects could be tough, and standing out will require consistent innovation and user retention.
How to participate?
Every opportunity has its own rules. Following these closely can significantly increase your chances of qualifying for rewards. Here’s a list of recommendations from our team to help maximise your chances of benefiting from this opportunity.
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Migrate your pre-deposit funds: Visit Fuel Ignition and move your funds to Fuel Ignition. Depositing over $1500 is suggested to help secure an above-average placing for a potential airdrop.
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Use the Fuel Bridge: If your funds are on another network, use the Fuel Bridge to transfer your assets to Fuel securely.
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Explore dApps: Use dApps in the Fuel ecosystem, like @MiraProtocol, @Swaylend, and @GriffyCommunity. Engaging with them earns you Activity Points.