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Fuel Genesis Airdrop Details: 10% of the total supply, who made the most money?
Collation and compilation: KarenZ, Foresight News
Following the Fat Penguin airdrop, Fuel also opened its airdrop query window. 20% of the total supply of Fuel will be allocated to the Fuel community, of which 10% will be used for the Genesis Drop; 5% will be allocated to the community cooperation platform; and 5% will be used for unannounced incentives, plans, activities and activations.
The Fuel Genesis Drop allocated 1 billion FUEL (10% of the total supply) to more than 200,000 unique addresses and will be open for claiming at the launch on December 19, 2024 until January 19, 2025.
The specific airdrop distribution information is as follows:
· Phase 1 pre-deposit users: 287,000,000 FUEL
· Testnet users: 64,200,000 FUEL
· NFT holders and trading users: 125,000,000 FUEL
· Fuel cross-chain users: 200,000,000 FUELEcosystem
· Glass Eaters: 138,800,000 FUEL
· Open source community: 175,000,000 FUEL
· Fuelet Magisters: 10,000,000 FUEL
According to community feedback, the airdrop for users who pre-deposited in the first phase was quite impressive, and a user deposited 1 ETH and received an airdrop of 10,000 tokens. However, the airdrop qualification for the test network is very strict, requiring at least 16 transactions to be completed on the Fuel Sepolia test network and active for at least 16 days. The specific rules are as follows:
Users who pre-deposited in the first phase: 287,000,000 FUEL
Qualification criteria:
· Participated in the first phase of the Fuel Points Program.
· Bridge all eligible assets to Fuel Ignition before November 22, 2024.
· Deposit eligible assets for at least 7 days and have at least 3 points.
· Users who meet the first phase points program qualifications and are not from restricted countries or regions.
Phase 2 is still in progress.
Testnet users: 64,200,000 FUEL
Eligibility criteria:
· Completed at least 16 transactions on the Fuel Sepolia testnet and was active for at least 16 days.
· Snapshot date is July 15, 2024. Eligibility start date: May 30, 2024.
If you participated in the Fuel Sepolia testnet but do not meet the above criteria, Fuel reminds users to fill out this form before 22:00 on December 18, 2024.
Exclusion Criteria:
· Asset flows are analyzed to identify wallet clusters. Within each cluster, wallets that show the same or nearly the same pattern are classified as Sybil. Outlier detection is applied to the final results to ensure accuracy and identify any anomalies.
NFT Holders and Trading Users: 125,000,000 FUEL
In total, there are 5,944 NFT holder addresses that meet the following criteria. Fuel has also introduced adjustments designed to provide more meaningful rewards to non-large holders.
Eligibility Criteria:
Hold NFTs on Fuel Ignition at 21:00 on December 13, 2024.
Eligibility Categories (Levels):
· Level 1 (OG Series): Executors, Pumps, Monkees, Pengus
· Level 2 (Early Series): Rocks, Fuel Dudes
· Level 3: Follows the correct NFT standards
· Level 4: Does not follow the correct NFT standards
Fuel cross-chain users: 200,000,000 FUEL
The snapshot for Fuel cross-chain users was taken at 21:00 on December 13, 2024.
Eligibility Criteria:
· Cross-chained eligible assets to Fuel Ignition before 21:00 on December 13, 2024.
· The USD value of the asset in the network multiplied by the number of days that value has been in the network is greater than 300.
Eligibility Categories:
· Lightly Engaged User: Cross-chained one or more eligible assets to Fuel Ignition, but did not interact with the application in any on-chain detectable way.
· Deeply Engaged User: Cross-chained one or more eligible assets to Fuel Ignition, and spent some time using Fuel and its ecosystem applications.
· Advanced User: Cross-chained one or more eligible assets to Fuel Ignition, and took some liquidity risk in the following ecosystem projects: Mira, SwayLend, Griffy.
Ecosystem Glass Eaters: 138,800,000 FUEL
Eligibility Categories:
· Ecosystem Builders: Individuals who have made extraordinary contributions to building and advancing the Fuel ecosystem.
· Ecosystem Projects: Individuals or teams that have delivered a fully functional application within the Fuel Points Program timeframe, no later than December 10, 2024.
· Ecosystem Auditors: Contributors who have made significant audit contributions to projects within the Fuel ecosystem.
· Fuel Researchers: Individuals or teams who have made meaningful research into the architecture or understanding of Fuel and its ecosystem.
· Fuel Discord Moderators: Active administrators who play an ongoing role in promoting and maintaining the Fuel Discord community.
· Regional Communities: Individuals or groups who manage or lead external or regional Fuel communities, helping to expand and support Fuel's global impact.
· Early Fuel Ambassadors: Individuals who participate in the Fuel Ambassador Program, providing support in the early stages of Fuel.
Open Source Community: 175,000,000 FUEL
Eligibility Criteria:
· 5+ commits to key open source libraries used by Fuel that significantly advance the project.
· 5+ commits to ecosystem projects related to Fuel or projects that make significant contributions to the broader blockchain community.
· As an external developer, merge a meaningful PR into one of Fuel's repositories.
here Eligible Github repositories are listed.
Fuelet Magisters: 10,000,000 FUEL
Qualification Criteria:
· Completed the eight-week “Early On Fuel” educational campaign led by the Fuelet team.
· Verified role on the Fuel Guild by December 12, 2024.
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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.
The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.
Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.
Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.
The trading process has been streamlined into five steps:
· Choose the trading asset
· Select long or short
· Input position size and leverage
· Confirm order details
· Confirm and open the position
The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.
Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:
· End-to-end encrypted private groups supporting up to 1024 members
· End-to-end encrypted voice communication
· One-click position sharing
· One-click trade copying
On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.
By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.
Mixin has also introduced a referral incentive system based on trading behavior:
· Users can join with an invite code
· Up to 60% of trading fees as referral rewards
· Incentive mechanism designed for long-term, sustainable earnings
This model aims to drive user-driven network expansion and organic growth.
Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:
· Separation of transaction account and asset storage
· User full control over assets
· Platform does not custody user funds
· Built-in privacy mechanisms to reduce data exposure
The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.
Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.
The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.
Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.
This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."
The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.
Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.
Its core capabilities include:
· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations
· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets
· Decentralization: achieving full user control over assets without relying on custodial intermediaries
· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication
Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.
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