⚡️Prize pool exceeds 5 million USD｜Bitget's first #LaunchX project #FUEL exclusive public offering——

Fuel is a top-tier project that has raised 80 million USD, and among all CEXs, only #Bitget has chosen to conduct a public offering;

The final round of financing for Fuel has a Fully Diluted Valuation (FDV) of 1 billion USD, while the FDV for the public offering round on Bitget is 200 million USD.

BG helps users obtain prices far below institutional rounds, which means Bitget is giving out year-end bonuses to users.

Moreover, the good thing about BG is that all Chinese users can participate in Launch-type projects;

8 important notes related——

1）Entry:

BG official website homepage—【New Listing Zone】—【LaunchX】

Bitget APP —【More】—【LaunchX】;

2）Subscription period: 2024.12.17 10:00:00;

3）Distribution period: 2024.12.19 10:00:00;

4）Subscription price: 1FUEL = 0.02USDT;

5）Total token sales volume: 275,000,000 FUEL;

6）Fundraising target: 5,500,000 USDT;

7）Individual investment cap 【5000U】 adopts an oversubscription method. (How much each person can subscribe depends on the number of participants);

8）Participation threshold: Bitget completes identity verification, excluding sub-accounts;

Quota formula: Number of new tokens obtained through subscription = Activity new token quantity * (Individual investment amount / Total activity investment amount)

⚠️Note: The invested funds cannot be withdrawn at any time;

🧐Appendix: Fuel token economics

1）Total supply: 10,000,000,000 FUEL

2）20% allocated to the community: 5% for community development (shared by participating platforms), 15% for incentives, projects, activities, and engagement.

3）16% allocated to contributors: Developers of the Fuel tech stack and users who contribute to the growth and success of the Fuel ecosystem.

4）30.8% allocated to ecosystem and R&D: Used to support the development of the ecosystem and advance Fuel technology research and development.

5）33.1% allocated to purchasers: Distributed to users who purchased tokens between 2020 and 2022.

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