(MENAFN- GlobeNewsWire - Nasdaq) Dubai, UAE, Dec. 19, 2024 (GLOBE NEWSWIRE) -- CoinW, the world's pioneering Cryptocurrency trading platform , will list FUEL, a Layer 1 coin, on Layer 1 Zone. For all CoinW users, the FUEL/USDT will be officially available for trading on December 19th 2024, at 10:00 (UTC). To celebrate the listing of FUEL, we are launching the "FUEL Bounty Program" event with a reward pool of 10,000 USDT.
The Rise of $ FUEL : A Truly High Performance Layer 1
The FUEL token is the native cryptocurrency of the Fuel Network, a Layer 2 (L2) scaling solution designed to enhance the Ethereum blockchain. Launched with the goal of creating a more equitable and verifiable internet, FUEL plays a crucial role in securing Fuel's decentralized sequencer and facilitating a user-friendly experience by eliminating gas fees through innovative economic incentives.
Fuel Network leverages Application Specific Sequencing to provide high transaction throughput, reportedly exceeding 600 transactions per second, while maintaining minimal costs-around $0.0002 per transaction. This approach aims to replicate a Web2-like experience, making blockchain technology more accessible to everyday users. The FUEL token will be available as an ERC-20 token on Ethereum and also operate on Fuel's own L2 chain, further integrating with existing decentralized applications (dApps) and services.
The introduction of FUEL is pivotal for the ecosystem's growth, with over 51% of its total supply allocated to community initiatives, including rewards for early contributors and participants in the Fuel Points Program. This community-centric strategy not only incentivizes engagement but also fosters a collaborative environment for developers and users alike.
10,000 USDT Limited-Time Offer for CoinW Community
To celebrate the listing, 10,000 USDT equivalent FUEL prize pool has been up for grabs from December 19th, 2024, at 10:00 to December 26th, 2024, at 16:00 (UTC). By participating in events such as registration, trading, and community events, CoinW users have the opportunity to share in a prize pool of 10,000 USDT. To claim your rewards, please click here .
About CoinW
CoinW is a pioneering crypto trading platform that prioritizes security, transparency, and user-centric principles. With advanced technology, deep liquidity, and a wide range of supported cryptocurrencies, the company has amassed a broad user base to become one of the world's most secure crypto exchanges . Committed to security, transparency, and compliance, the CoinW exchange upholds the highest regulatory standards and actively contributes to the advancement of the crypto industry. To learn more about CoinW, you can visit the official website , and follow CoinW's Twitter Accoun , Btok , and Telegram Group .
About FUEL
As part of its broader mission, Fuel Network is committed to decentralizing its operations by gradually introducing staking mechanisms and validator roles for transaction processing. This shift aims to address common challenges faced by L2 chains, particularly the reliance on centralized sequencers, thereby enhancing security and scalability.
The FUEL token represents a significant advancement in Ethereum's rollup landscape, promising to deliver a robust platform for dApp development while prioritizing user experience and community involvement.
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
CONTACT: marketing (at) coinw.com
MENAFN19122024004107003653ID1109012799
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.