The Impossible Finance IDO #27 — Fuel Genesis Token Sale

Join the Fuel Network Genesis Sale, the 27th token sale on Impossible Finance

Alen
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Important updates: Fuel Ecosystem Bridgors Pool will be refunded and moved to Legion - Participants’ refunds have already been completed. To prevent further issues, the Open Genesis Sale (FCFS) has been canceled.

The other pools remain unchanged.

For more details, please read our Official Announcement on X.
Get ready for Fuel Genesis Sale with Impossible Finance!

Who can Participate? Anyone can participate through the following tracks:
✅ IDIA Stakers
✅ Ambassadors & Partners
✅ Fuel Ecosystem Communities
✅ Ambassadors & Partners

How to Participate? Read on!

Purchase Limits:
🔹 IDIA Stakers: Guaranteed allowance based on staking weight.
🔹 IDIA Burn Campaign: Guaranteed allowance based on calculations below.
🔹 Ambassadors & Partners: Guaranteed, up to the allowance allocated.
🔹 Others: Distributed on a First-come First-served basis.
➡️For Fuel Ecosystem Communities, the maximum purchase is US$2K for the first hour and US$10K thereafter.

Key Dates:
📆 Dec 13, 6 AM UTC: IDIA Staking opens
📆 Dec 17, 10 AM UTC: Sale for Stakers, Fuel Ecosystem Communities
📆 Dec 17, 4 PM UTC: Sale for IDIA Burn Campaign


⚠️ KYC required before the sale!
⚠️ Countries not eligible for the sale: US, UK, HK, Mainland China & UN sanctioned countries.

As part of our collaboration with Fuel, we are thrilled to announce our #27 token sale: Fuel Network — a high-performance Ethereum L2, powered by the FuelVM and verifiable at home. Fuel Ignition is the fastest and cheapest Optimistic rollup on Ethereum. Since the launch of Fuel Ignition, it has surpassed $380 million in total value locked (TVL).

Starting soon, all eligible participants are invited to join the FUEL Genesis sale and access FUEL at an implied fully diluted value of $200 million, which represents an 80% discount from the last private sale price.

Fuel utilizes parallelized transaction execution with 21,000+ TPS per core capability. Fuel Ignition delivers a scalable architecture designed to run on inexpensive, consumer-grade hardware accessible to all. 

Fuel is revolutionizing the Ethereum rollup ecosystem by integrating the purpose-built FuelVM, the highly optimized Rust-based programming language Sway, and the comprehensive toolchain Forc. This powerful combination provides developers with unimaginable experiences in the Ethereum ecosystem.

The backbone of Fuel technology, the FUEL token, will secure the Fuel sequencing network, pay for chain resources and eliminate transaction fees for users while creating new markets for L2 applications.

FUEL’s supply is as below:

  • 20% to the Community - including 5% in total for community expansion efforts split between participating platforms and the remaining 15% for incentives, programs, campaigns and activations.
  • 16% to Contributors, who developed the Fuel technology stack and contributed to the growth and success of the Fuel ecosystem to date.
  • 30.8% to Ecosystem and R&D, to drive ecosystem growth and for future Fuel technology research and development.
  • 33.1% to Purchasers, who purchased from 2020 to 2022.

On the ecosystem side, 50+ projects are live on Fuel Ignition within the first month of launch, along with 81 projects currently on Fuel. Fuel has $380+ million in TVL since launch, placing Fuel Ignition among the top 10 L2s by TVL.

Participate in the token sale via the Impossible Launchpad 

Learn how to use the Impossible Launchpad

Subscription Timeline

Subscription Period

Date & Time

KYC Preparation Period

Rolling ongoing basis

Staking Period (IDIA)

13/12/2024 06:00 AM (UTC) to 16/12/2024 2:00 PM (UTC)

Purchase Period for

  • IDIA Staker

  • Fuel Ecosystem Communities, Ambassador, Partner Communities (*)

17/12/2024 10:00 AM (UTC) to 18/12/2024 10:00 AM (UTC)


Purchase Period for

  •  IDIA Burn Campaign

17/12/2024 4:00 PM (UTC) - 18/12/2024 10:00 AM (UTC)

Distribution Period

Exact date and timing to be confirmed soon.
Tokens will be distributed via airdrop on ETH L1 by the Impossible Finance team.

(*)Do note that for the Fuel Ecosystem Communities FCFS sale will allow each whitelisted wallet a maximum purchase cap of US$2,00 during the first hour. After the first hour, the cap will increase to US$10,000.

Fuel Network Token Sale Details

Updated as of 18/12/2024.

Description 

Details

Token Ticker

FUEL

Genesis Sale Hard Cap for Impossible: 

US$1,400,000

Genesis Sale Token Price: 

US$0.02

Genesis Sale Token Fully Dilluted Valuation

$200,000,000

Total Token Supply (TTS):

10,000,000,000 FUEL

Supply Available at Impossible Finance:

~70,000,000 FUEL

Token Vesting:


100% unlock on TGE

Token Sale Format: 

Staking Subscription
Whitelisted First-Come, First-Served (FCFS)

Available Network for IDIA Stakers: 

BSC

Purchase Token for IDIA Stakers:

USDT

Available Network for non-IDIA stakers: 

Arbitrum

Purchase Token for non-IDIA stakers: 

USDC

Sector

L2 Optimistic Rollup

Supported Staking Tracks: 

IDIA

Learn more about Fuel Network


Blog and Docs

KYC requirements: 

All participants for the Fuel Network Token Sale on Impossible Finance are required to complete KYC verification by Dec 17, 10AM UTC. You can find the detailed guide here.

Residents from countries or regions such as the US, UK, Mainland China, and UN-sanctioned countries are excluded from participating. 

Launchpad Pools

Sale Card

Fuel Network Allowance Size

IDIA Standard Sale on BSC

US$240,000

IDIA Unlimited Sale on BSC

US$160,000

IDIA Burn-for-Allowance Campaign on BSC

US$250,000 (***)

Fuel Ecosystem Communities WL FCFS on Arbitrum

US$200,000

Ambassador and Partner Communities Sale on Arbitrum

US$550,000

(***) Updated as of 16/12/2024: Introducing IDIA Burn-for-Allowance Campaign. For more information read “How to participate in IDIA Burn-for-Allocation Campaign”
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Everyone must complete their KYC verification on Impossible Finance before each purchase period. The first purchase begins on Dec 17, 10:00AM. For more details on how to complete KYC, visit here.

How to participate in the Impossible Finance pool - IDIA staking:

  • Who can participate: Users who stake IDIA in the Standard/Unlimited Pool.
  • How to stake: 
    • If you haven’t already, purchase your IDIA tokens on Thena.Fi.
    • Stake your IDIA tokens on Impossible Launchpad during the staking period (13/12/2024 6AM UTC to 16/12/2024 2PM UTC)
    • There are two types of IDIA Staking Pool:
      • IDIA Standard Pool: Stake a maximum of 50,000 IDIA tokens 
      • IDIA Unlimited Pool: Stake an unlimited amount of IDIA tokens
  • How to participate in the sale: 
    • Step-by-step guide on the sale process: Visit here
    • User Allowance: Guaranteed participation based on the StakeWeight (refer to “Staking Pool Token Participation Limit Calculation” below).
    • Purchase your guaranteed allowance during the Purchase Period (17/12/2024 10AM UTC to 18/12/2024 10AM UTC)
    • Purchase token: USDT
    • Available Network: BSC

How to participate in IDIA Burn-for-Allowance Campaign

  • Allowance Size: US$250,000
  • Network: BSC
  • User Allowance: Guaranteed
  • Purchase token: USDT
  • Who can participate: Users who hold IDIA tokens on the BNB Chain. 
  • How to participate in the campaign:
    • Visit Impossible Launchpad and connect your wallet. You will be able to see a specific IDIA burn card.
    • During the Burn Period (16/12/2024 4PM UTC to 17/12/2024 10AM UTC):
      • Specify the amount of IDIA tokens you want to burn (up to a max of 50,000 IDIA) 
      • Confirm the burn transaction.
    • Your FUEL allowance is determined by your amount of IDIA burned relative to the total IDIA pool burned by the end of the Burn Period. The formula is detailed below.
    • Example Calculation:
  • Total FUEL available = US$250,000
  • Your IDIA burn = 10,000
  • Total IDIA burned by all participants = 3,000,000

Your allowance = (Your Burn / Total Burn) x Total FUEL

= (10,000 / 3,000,000) x 250,000

= ~US$833 worth of FUEL

Capped Allowance to ensure a fairer distribution among more users:

  • If your calculated allowance exceeds US$2,000, you will only receive the maximum cap of US$2,000 worth of FUEL.

Note: The total IDIA burned is variable, so allowance amounts will adjust accordingly.

  • During the Purchase Period (Dec 17, 4 PM UTC - Dec 18, 10 AM UTC)
    • Visit the launchpad to confirm your purchase.
    • Make the payment within the 18-hour purchase window.
    • Failing to purchase during this window will forfeit your allowance.
  • The sale will end as soon as the pool allowance amount has been fully purchased or when the 18-hour purchase period comes to an end.

Important Notes

  • [ ! ] Burning IDIA is different from Staking IDIA. Burning means that you will forfeit this allowance and will not be able to receive this back.
  • All burns are final. Make sure you double-check the amount of IDIA you want to burn before confirming.
  • Purchase Cap: Each user participating in this campaign may purchase up to a fixed cap of US$2,000.
  • This is a pilot campaign aimed at introducing a new utility for IDIA tokens.
  • The actual IDIA token burn will occur within 72 hours after the Purchase Period ends.
  • Initial burners during this inaugural campaign trial phase will earn an extra 5% of burn amount power rolled over for all future burn campaigns with Impossible, as a sign of gratitude for testing out new campaigns with Impossible.

In the event of technical issues or unfair circumstances, Impossible Finance reserves the right to cancel the campaign and refund participants.

How to participate in the Fuel Ecosystem Community pool

Updated as of 16/12/2024

  • Who can participate: Fuel Network’s Ecosystem Community that are whitelisted 
  • How to become whitelisted: Fluid, Swaylend, Mira and Spark will be running exclusive whitelist campaigns with Impossible until 14/12/2024—follow us on X for updates. For other ecosystem projects, kindly stay tuned for more information.
  • How to participate in the sale: 
    • Step-by-step guide on the sale process: Visit here
    • If you’ve been whitelisted, connect your wallet on Impossible Launchpad and you will be able to see a specific whitelist sale card during the Purchase Period (17/12/2024 10AM UTC to 18/12/2024 10AM UTC). 
    • User Allowance: Not guaranteed, on a first-come first-served basis.
    • Purchase token: USDC
    • Available Network: Arbitrum
    • Purchase Cap: Each user participating in this sale may purchase up to a fixed cap of US$2,000 during the first hour. After the first hour, the cap will increase to $10,000.
    • The sale will end as soon as the pool allowance amount has been fully purchased.

How to participate in Ambassador and Partner Communities Sale

  • Who can participate: Users within our ambassador and partner communities have already been whitelisted. 
  • How to become whitelisted: The whitelist process has already been concluded. 
  • How to participate in the sale:
    • Step-by-step guide on the sale process: Visit here
    • If you’ve been whitelisted, connect your wallet on Impossible Launchpad and you will be able to see a specific whitelist sale card during the Purchase Period (17/12/2024 10AM UTC to 18/12/2024 10AM UTC).
    • User Allowance: Guaranteed allowance, on a first-come first-served basis.
    • Purchase token: USDC
    • Available Network: Arbitrum
    • Purchase Cap: Each user participating in this sale may purchase up to your allocated allowance
    • The sale will end as soon as the pool allowance amount has been fully purchased.

Launchpad Staking Pools (Sale cards)

For Fuel Network FUEL Genesis sale, we will be having 5 types sale cards to cater to different users:

  • IDIA Standard Sale: Stake limit - Users can stake a maximum of 50,000 IDIA tokens at any one time as consideration for allowance. The maximum FUEL a user is able to purchase is capped at the user’s allowance, which is calculated after the staking period. 
  • IDIA Unlimited Sale: No stake limit - Users can stake any amount of IDIA at any time as consideration for allowance. The maximum FUEL a user is able to purchase is capped at the user’s allowance, which is calculated after the staking period.
  • IDIA Burn-for-Allowance Sale: User can burn a maximum of 50,000 IDIA tokens during the Burn Period as consideration for allowance. The maximum FUEL a user is able to purchase is capped at the user’s allowance, which is calculated after the burn period.
  • Fuel Ecosystem Communities: This pool is reserved for Fuel Network Ecosystem Communities only. Whitelisted users can purchase FUEL on a first come first serve basis without needing to stake IDIA tokens. Users are required to KYC. Make sure to complete your KYC process as soon as possible with your whitelisted wallet to avoid any issues on the day of the sale. Users participating in this sale can purchase up to a fixed cap of US$2,000 during the first hour. After the first hour, the cap will increase to $10,000. Do note that the sale will end as soon as the tokens available for sale each corresponding pool have been fully purchased.
  • Ambassador and Partner Communities: This pool is reserved for Ambassador and Partner communities only. Whitelisted users can purchase FUEL on a first come first serve basis without needing to stake IDIA tokens. Users are required to KYC. Make sure to complete your KYC process as soon as possible with your whitelisted wallet to avoid any issues on the day of the sale. Users participating in this sale can purchase up to the amount of allowance allocated. Do note that the sale will end as soon as the tokens available for sale each corresponding pool have been fully purchased.

How to Get IDIA Tokens

If users do not have IDIA tokens yet for the FUEL sale, you can purchase or swap it below:

  1. BSC: Thena Finance
  2. Arbitrum: Pancakeswap.

Staking Pool Token Allowance Calculation

  • The staking pool for Fuel Network FUEL will follow the standard Impossible Launchpad staking subscription format whereby users’ stakeWeight is calculated based on the proportional amount of IDIA or they stake and the duration they stake relative to the total amount and staking duration of the entire pool, with users’ staked IDIA balances recorded at the start of the stake period.
  • This design is currently selected to ensure that all users can have a proportionate access into the FUEL token depending on which pool they enter into. As we develop the Impossible launchpad product offering, we will enable other fair, smart allowance mechanisms which will further decentralize token distribution.

KYC Details

  • KYC Preparation Period: Rolling ongoing basis. We require 15 IDIA or 25 IF tokens to start KYC to prevent bots from spamming our KYC partner. Users can KYC anytime during the entire token sale timeline, but will not be able to stake until their KYC is completed. To maximize the staking utility of users' IDIA, users have to pass KYC before the staking period begins. In other words: 
  • If users pass KYC after the end of the staking period, they will miss the opportunity to participate 
  • If users pass KYC during staking period, they will only be able to stake for the remaining staking period and receive a lesser allowance than if they were to start staking from the beginning of the staking period
  • For more details about how to verify your wallet and pass KYC, follow our guide here!

About Fuel

Fuel Ignition is a high-performance Ethereum L2, powered by the FuelVM and verifiable at home.

Fuel combines innovative features to bring new capabilities to Ethereum without compromise. Fuel rollups feature parallelized transaction execution, native account abstraction, and wallet support. The Fuel stack, built from the ground up, transforms dApp development with a UTXO-based model and purpose-built tools.

Website | Twitter | Docs | Telegram | Blog

About Impossible Finance

Impossible is an on-chain native, research advisory firm with a DeFi launchpad and accelerator. We help projects kickstart, fundraise, scale and launch their tokens while enabling users to learn, discover and invest in high quality crypto opportunities.

Website | Twitter | Discord | Telegram | Blog

Terms & Conditions 

  • DISCLAIMERS, TERMS, and RISKS
  • Impossible reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.
  • Users need to complete their KYC and also be from an eligible jurisdiction to participate in this token sale.