This post announces the Fuel Network Foundation’s plan to extend our FUEL token purchase program with an additional $750K allocation starting next week. The program will deploy $250K weekly over a 3-week period to acquire FUEL tokens from the market.
Details
Following the successful completion of our initial $1M FUEL token purchase program, the Fuel Network Foundation will execute an additional series of token purchases to further strengthen the ecosystem treasury and our ability to support ongoing development and future growth. All purchased tokens will be transparently transferred to the same dedicated Ethereum Mainnet address used in the previous program, allowing community members to continue verifying the program’s progress. This extension demonstrates our ongoing commitment to the Fuel ecosystem and strategic treasury management.
Specification
- Total Amount: $750,000 USD
- Purchase Schedule: $250,000 weekly over 3 consecutive weeks
- Start Date: May 27, 2025
- Execution Method: Market purchases on major exchanges
- Address: All acquired tokens will be sent to the same public address on Ethereum Mainnet used in the previous program
Rationale
The Foundation continues to prioritize maintaining a well-stocked ecosystem treasury of FUEL tokens that is vital for Fuel’s continued development and growth. By executing these additional purchases, we:
- Further strengthen the Foundation’s FUEL token reserves to support future ecosystem initiatives
- Maintain transparency through the same public receiving address used in the initial program
- Continue accumulating tokens that provide resources for future staking mechanisms or protocol incentive structures
A trading record will be provided for the past 4 weeks next week. We will keep everyone posted in this thread when we have it.
We will reevaluate the program at the end of the 3-week period based on market conditions and ecosystem needs.