Fuel Network

Fuel Network

Fuel Network

Today, Fuel is the fastest modular execution layer. Fuel delivers the highest security and flexible throughput, focusing on a superior developer experience.

Project Category

layer

Round

not public

Valuation

not public

Total raising amount

$0

Syndicate raising amount

315,500 USDC

Leading investor

Deal Date:

19.02.2024 19:30

$
Token Price:

not public

Token price is taking in consideration DAO fee which is 15%
Vesting:

not public

Allocation:

min $500

Description

Finally, at the request of several KOLs, we managed to secure an OTC deal with a valuation of 735M. FUEL has upcoming major releases, which will be presented at ETH Denver, starting this Friday. The project is currently raising another round at a valuation of 1B.

Due to the nature of the deal - OTC, we must fill 300K, or skip the deal. That's why we need to act quickly.

We coordinate deal with Panzer, so the deal is only open to 235K, with 65K already booked.

BIG KOLs onboard: Alex Becker, Ellio Trades, Altcoin Psycho, & others

Vesting: We're purchasing v1 tokens that are already transferable. Then, there's the option to lock tokens into v2 with a vesting of 12 months cliff + 12 months linear vesting. The TGE for v2 is scheduled for 7/2024. There are rumors, which we cannot confirm even through communication with the CEO, that the cliff will be removed for v1 tokens that get staked into v2.

If 300K is not reached, we will initiate a refund.

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Disclaimer

  • • Risk of Loss: Investing in cryptocurrency projects carries inherent risks, including the risk of losing your entire investment. Be prepared to potentially lose all the funds you invest.
  • • No Guarantees: There are no guarantees of profits, returns, or success when participating in projects. Past performance is not indicative of future results.
  • • No Financial Advice: The information provided is not financial advice. Consult with a financial advisor if you are uncertain about participating.
  • • Due Diligence: It's your responsibility to conduct thorough due diligence on the project, team and tokenomics before participating. Make informed decisions.
  • • Community and Social Hype: Be aware that investment decisions based solely on social media hype or community sentiment can be risky and speculative.
  • • Backup Your Private Keys: Ensure you have securely stored your private keys or seed phrase. Losing access to them may result in permanent loss of your assets.
Full version of disclaimer can be found here.