Bitget Launches LaunchX, a Token Launch Platform Featuring Fuel Network as Its First Project.

Bitget introduces LaunchX, a token launch platform, with Fuel Network as its first project. LaunchX combines security with fair distribution practices, offering access to Bitget's 45 million users and expert guidance. Fuel Network, with a total supply of 10 billion, allocates 2.75% for sale on the LaunchX platform. Participants can buy FUEL tokens using USDT from December 16 to 19. The platform aims to drive global crypto adoption by providing a seamless and reliable experience for both projects and participants.

In the rapidly evolving world of cryptocurrency and blockchain technology, the importance of a secure, fair, and efficient token launch platform cannot be overstated. Enter Bitget, a leading cryptocurrency exchange and Web3 company, with its latest offering, LaunchX [1]. This innovative platform connects transformative blockchain projects with the global Web3 community, enabling effective early token distribution and adoption.

The first project to grace the LaunchX platform is Fuel Network (FUEL), an advanced blockchain solution that sets new standards for scalability, modularity, and efficiency in decentralized systems [1]. Fuel Network's launch on LaunchX signifies a significant step towards driving global crypto adoption by providing a seamless and reliable experience for both projects and participants.

Security and fairness are at the heart of LaunchX. The platform employs robust security measures to ensure a user-centric environment for token launch and distribution. It offers access to Bitget's vast ecosystem of over 45 million users and expert guidance through token listings and post-launch growth. This empowering approach allows developers to focus on innovation while providing participants with the confidence and convenience of a trusted exchange platform.

Fuel Network, with its impressive credentials, is a fitting inaugural project for LaunchX. The platform's $FUEL launch will see 20% of the total initial supply allocated to the Fuel community [1]. Eligible Bitget users can participate in the subscription using USDT from December 16 to 19, with an individual cap of 3,000 USDT per user.

Fuel Network represents a breakthrough in blockchain infrastructure. Its flagship product, Fuel Ignition, boasts impressive performance with a throughput of over 600 transactions per second (TPS) and a minimal transaction fee of less than $0.0002 [1]. Fuel Ignition is an optimistic rollup on Ethereum and employs advanced technologies like the Fuel Virtual Machine (FuelVM) and its proprietary UTXO-based design to offer unprecedented scalability and speed. Since its launch, Fuel Ignition has achieved nearly $400 million in total value locked (TVL) [1].

The team behind Fuel Network, led by CEO and co-founder Nick Dodson, includes experts in blockchain scalability and Ethereum Layer 2 solutions [1]. In 2023, the company raised $80 million in funding with participation from prominent investors such as Blockchain Capital, Stratos, and Maven 11 [1].

Bitget's LaunchX platform is poised to play a significant role in the ongoing wave of crypto innovation. By providing a secure, fair, and efficient token launch platform, it aims to sharpen its products and continue supporting the best interests of users and projects alike.

[1] https://www.globenewswire.com/news-release/2024/12/16/2997442/0/en/Bitget-Introduces-LaunchX-A-New-Token-Launch-Platform-Featuring-Fuel-Network-as-Its-First-Project.html