ChainCatcher message, Bitget's first LaunchX project Fuel Network (FUEL) token FUEL has been fully distributed and will be listed for trading on the FUEL/USDT pair at 18:00.

ChainCatcher news, the Bitget LaunchX project Fuel Network (FUEL) is now open for subscription. The total amount for LaunchX is 275,000,000 FUEL, with an exchange price of 1 FUEL = 0.02 USDT. The investment currency is USDT, and the individual investment limit is 5000 USDT. The subscription period is from December 17, 2024, 10:00 to December 19, 2024, 10:00, and the allocation phase is from December 19, 2024, 10:00 to 18:00.The FUEL / USDT spot trading on Bitget will go live on December 19, 2024, at 18:00.

ChainCatcher news, Bitget officially launches the innovative token distribution product LaunchX. Through LaunchX, users can acquire tokens in the early stages of high-quality projects and participate in project growth.The first project of LaunchX is Fuel Network (FUEL), and here are the details of this subscription:Total amount of LaunchX: 275,000,000 FUELExchange price: 1 FUEL = 0.02 USDTIndividual investment limit: 5,000 USDTSubscription time: December 17, 2024, 10:00 to December 19, 2024, 10:00 (UTC+8)Allocation phase: December 19, 2024, 10:00 to 18:00 (UTC+8)FUEL/USDT spot trading launch time: December 19, 2024, 18:00 (UTC+8)

ChainCatcher news, the mainnet Beta version of the Fuel network stablecoin USDF developed by Fluid Protocol has been launched, which will introduce an over-collateralized lending platform and the native stablecoin USDF of the Fuel Network. Currently, it supports collateralization of ETH, wstETH, EzETH, weETH, RsETH, and mETH.The total supply of FPT is 100 million tokens, with 45% allocated to the community, early investors accounting for 20% of the total supply, the team holding 21%, and the treasury holding 14%.

ChainCatcher news, the Ethereum modular execution layer Fuel has announced the launch of the Fuel Points program, which is an opportunity to earn future rewards as part of the Fuel Mainnet launch process. The Fuel Points program aims to reward everyone who contributes to the development of the Fuel network and ecosystem.It is reported that the Fuel network is an operating system built specifically for Ethereum rollups (Rollup OS), designed to advance a sustainable state and high-throughput blockchain.

ChainCatcher news, the on-chain order book development project Spark based on Fuel Network has announced the completion of a $1.5 million Pre-Seed funding round, with participation from P2 Ventures, Curiosity Capital, Unicorn Ventures, and Fuel Network, among others. Valuation details have not been disclosed. Spark can be seen as a DeFi super application on the Fuel Network, integrating a series of financial services such as perpetual contracts, order books, and lending functions. It also introduces a multi-collateral full-margin system, supporting diversified asset deposits and complex risk management liquidation protocols, while utilizing order books and tools to facilitate non-custodial interactions.Additionally, the Web3 asset data platform RootData shows that Spark is a perpetual contract order book trading platform based on a full-margin oracle built on the Fuel Network.

ChainCatcher news, according to official sources, the Fuel Network DeFi protocol Spark has announced the completion of a $1.5 million pre-seed funding round, with participation from P2 Ventures, Fuel, Curiosity Capital, chainyoda, and Unicorn Factory Ventures.According to the Web3 asset data platform RootData, Spark is a perpetual contract order book trading platform built on the Fuel Network, based on a fully collateralized oracle. It introduces a multi-collateral cross-margin system, supporting diverse asset deposits and complex liquidation protocols for risk management. Spark features a high-performance order book and advanced tools to facilitate non-custodial interactions, attracting developers and traders seeking flexibility and enhanced trading capabilities.