#fogo $FOGO
Fogo ($FOGO) is the native token of the Fogo Chain, a high-performance Layer-1 blockchain built on the Solana Virtual Machine (SVM) and optimized for ultra-fast decentralized finance (DeFi) and on-chain trading. It focuses on very low latency, claiming block times below ~40 milliseconds and transaction finality around 1.3 seconds, making it suited for high-frequency trading, on-chain order books, liquidations, and real-time auctions.
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The project was developed by teams with trading and engineering experience and uses a custom, Firedancer-based client to boost performance. Fogo also introduces features like gas-free sessions to reduce friction when interacting with decentralized applications (dApps), improving user experience.
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$FOGO plays several roles in the ecosystem: it’s used to pay transaction fees, stake for network security, and participate in governance and incentive programs designed to grow the network and ecosystem. The total supply is 10 billion tokens, with a significant portion locked and vested over time, while some allocations are reserved for community airdrops and ecosystem support.
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In early 2026, $FOGO began trading on major exchanges like Binance, often with high volatility due to its early-stage nature. As with all crypto, prices and participation carry risk, so research and caution are important.