$FOGO
Fogo is the native token of Fogo Chain, a new high-performance Layer-1 blockchain built on the Solana Virtual Machine (SVM). The project aims to push ultra-low latency, high throughput, and near-instant finality (e.g., ~40 ms block times and ~1.3 s finality) to support DeFi applications, on-chain order books, real-time auctions, and high-frequency trading use cases. It uses a custom Firedancer-based client and a multi-local consensus model with validator colocation to minimize latency.
Market & price:
As of now, FOGO’s price is around $0.05 (~₨15 PKR) with a market cap in the low hundreds of millions and a large total supply (~10 billion). Trading is available on several centralized exchanges, including Binance and Gate, and recently listed on BingX (with a zero-fee period).
Key strengths:
Performance focus: Designed for low-latency, high-throughput trading and DeFi execution, which could attract professional traders and advanced dApps.
Compatibility: SVM support means easy tooling integration for developers familiar with Solana infrastructure.
Growing accessibility: Multiple exchange listings and ecosystem integrations (e.g., wallets like Backpack) help liquidity and user reach.
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