Fuel Network recently announced that they already launched their public Testnet on the Ethereum Sepolia Network. This marks the final phase of their Testnet before Mainnet launch. However, there is still no update on the incentivized Testnet phase or TGE. Here’s what you need to know.
What is the Fuel Network?
Fuel Network is a modular blockchain focusing on execution for Optimism Rollups and Ethereum. Founded by John Adler, who also co-founded Celestia, the Fuel Network aims to provide a highly efficient and cost-effective execution environment for Ethereum Layer 2 (L2) solutions. The project has raised $81.5 million, underscoring its potential and market confidence.
Key Features
- Execution Focused: Unlike Celestia, which separates execution from other blockchain operations, Fuel Network focuses solely on execution. This specialization aims to make any EVM-compatible L2 solution using Fuel highly cost-effective.
- Modular Design: Fuel’s modular architecture allows for efficient and scalable execution, making it suitable for various decentralized applications (dApps).
- Native Wallet Support: Fuel Network supports both the Fuel Wallet and the Fuelet Wallet, facilitating seamless interaction with the network.
What Makes it a Top Airdrop?
Fuel Network is nearing its Mainnet launch in Q3 2024. With multiple Testnet phases since 2023, the project has garnered significant attention. The final public Testnet on the Ethereum Sepolia Network is currently live, marking the last phase before the Mainnet launch. The project’s robust funding and innovative approach to blockchain execution make it a highly anticipated airdrop opportunity.
Airdrop Objectives
The primary objectives of the Fuel Network airdrop include:
- Community Engagement: Encouraging widespread participation and testing to ensure network robustness.
- Adoption and Awareness: Increasing awareness and adoption of the Fuel Network within the blockchain community.
- Ecosystem Development: Incentivizing developers to build and deploy dApps on the Fuel Network.
How Much Will Be Airdropped?
The exact amount to be airdropped has not been disclosed yet. However, the Fuel Network aims to reward early testers and participants who have contributed to the testnet phases. This could include those who interacted with the network, deployed contracts, or ran nodes.
How Long Will It Take to Meet the Airdrop Objectives?
The airdrop objectives are expected to be met around the Mainnet launch in Q3 2024. With the public Testnet currently live, the community has a few months to participate and qualify for potential rewards.
Step-by-Step Guide to Get the Airdrop
1. Interact with the Fuel Testnet on Sepolia
To participate in the Fuel Network airdrop, start by interacting with the Fuel Testnet:
- Set Up Wallet: Install the Fuel Wallet or Fuelet Wallet.
- Claim Testnet ETH: Get your Testnet ETH from Fuel Faucet using your Fuel/Fuelet wallet address.
- Get Sepolia ETH: Obtain Sepolia ETH from faucets like Alchemy (0.1 ETH per day) or Infura (0.5 ETH per day).
- Bridge ETH: Bridge Sepolia ETH to the Fuel Testnet to get more Testnet ETH.
2. Deploy Contracts and Run Nodes
For developers, engaging more deeply with the Fuel Network could increase the chances of receiving airdrop rewards:
- Deploy Contracts: Use Fuel’s programming language, Sway, to deploy contracts via the Sway Playground or a local machine.
- Run Nodes: Although not directly incentivized, running nodes on Github may demonstrate commitment to the network.
3. Engage with Ecosystem Projects
Participate in ecosystem projects to maximize your engagement. Here are some example projects:
- Sway Farm: A game within the Fuel ecosystem where users can interact and transact.
- Fuel Name Service: Mint a fuel domain and keep an eye out for special campaigns like the diamond domain campaign.
- Spark: Engage with Spark, a DEX built on Fuel Network, which uses Pyth as an oracle for perpetual order book trading.
4. Join the Community and Apply for Grants
Stay active in the community and consider applying for grants:
- Community Roles: Claim roles in the Fuel Network Discord for additional engagement.
- Grant Programs: Apply for Fuel Network’s grant programs if you’re a developer building on their platform.
By following these steps, you can position yourself to potentially benefit from the Fuel Network airdrop. Keep an eye on official announcements for any updates or additional tasks that may enhance your eligibility.