FOGO Fogo Project Research
Binance Pre-TGE on January 13, UTC: 8 AM, UTC+8: 4 PM
Fogo is a high-performance Layer1 blockchain based on the Solana Virtual Machine (SVM), focusing on transaction speed—fast, very fast, extremely fast.
📑 Project Features:
🔸 Block time of 40 milliseconds, finality of 1.3 seconds, feels like real-time transactions.
🔸 Supports gasless transaction sessions, with dApps sponsoring user fees, enhancing the trading experience.
🔸 Compatible with Solana chain, making app migration simple.
💰 Token Economics:
🔸 Please refer to the official images No.2 and No.3
Total token supply: 10 billion, initial circulating supply: approximately 3.898 billion.
💹 Project Economic Model:
🔸 AmbientFinance (perpetual contract DEX) is developed and deployed on Fogo
🔸 Investments in ecosystem partner projects, sharing revenue gains
💷 Participants' Revenue Sources:
🔸 Earn native rewards by staking tokens
🔸 Earn airdrop points by completing airdrop season tasks
💲 Funding Status:
🔸 Fundraising: $8 million on 2025-01-24
🔸 Fundraising: $5.5 million on 2024-12-31
⚠️ Notes:
🔸 Currently 22 projects are in the official ecosystem, future appeal remains to be observed.
🔸 Spot listing will be on the 15th.
🔸 Initial circulating supply is about 39% of the total supply.
