Fuel Network (FUEL)

Fuel crypto protocol is an operating system designed to help Ethereum rollups solve PSI parallelization, state-minimized execution, and the interoperability trilemma.

It offers Ethereum rollups an alternative to EVM execution layer version - FuelVM that includes all the improvements suggested by the Ethereum’s community earlier but weren’t implemented because of the need to maintain backward compatibility. This mainly includes parallel transaction processing and several native assets on the platform.

FuelVM operates with its own coding language called Sway, inspired by the Rust and Solidity languages. Sway combines the advantages of Rust, such as a modern type system, an approach to safety, and good defaults for smart contract developers, with Solidity’s concept of a smart-contract-paradigm language featuring built-in top-level contract storage.

🪙 Fuel network token: According to the latest announcement, the team’s native token will be $FUEL which is going to power the decentralization of its sequencer, pay for chain resources, and remove fees for users. 

That’s why the CoinLaunch team decided to conduct in-depth research on Fuel Network and found some important pros and cons of the project:

✅ Fuel network pros:

• Good concept and design of the product
• Already has $295M+ TVL
• Presence of a security audit of the platform
• Very high SMM and Influencer marketing score
• Decent PR and Growth Marketing
• Above average SEO score
• Almost all token supply will be unlocked within the first 24 months;
• Low FDV if compared to such L2s as Starknet, zkSync, or even Scroll;
• Fuel Labs managed to raise an impressive $81.5M from leading funds, including The Spartan Group, Blockchain Capital, and others
• Presence of top-tier partners supporting the project
• Experienced C-level team, with some members having worked in top-tier companies like Polygon and META

❌ Fuel network cons: 

• No roadmap provided by the team
• Although the project has been audited by a security company - Hexens, it lacks top-tier auditors to review the platform;
• Decent token inflation rate (around 28% annually);
• High Initial Circulation supply (around 45%)
• No active Bug-bounty program 
• Very weak marketing infrastructure