The Fogo token ($FOGO) is the native cryptocurrency of the Fogo Chain, a high-performance Layer-1 blockchain designed for ultra-fast decentralized finance (DeFi) and on-chain trading. It operates using the Solana Virtual Machine (SVM) and a custom, optimized core called Firedancer, enabling extremely low latency and high throughput — ideal for real-time financial applications and trading-centric use cases.@Fogo Official
Unlike slower and more generic blockchains, Fogo aims to offer sub-40 millisecond block times and execution speeds that rival centralized systems — a huge advantage for applications where speed matters most.
Core Utility of the Fogo Token
The $FOGO token serves several fundamental roles within the Fogo ecosystem:
1. Network Gas and Transaction Fees
$FOGO is the native fuel that powers all activity on the Fogo blockchain. Every transaction — whether moving assets, interacting with smart contracts, or using DeFi apps — consumes #fogo as gas. Developers can even sponsor gas costs to create a smoother experience for users.
Staking and Security
Incentives and Ecosystem Growth
