$FOGO
Fogo is an emerging Layer 1 blockchain focused on delivering high-speed performance, execution fairness, and a smooth on-chain experience. It is built on the Solana Virtual Machine (SVM), enabling developers and users to bring existing Solana-based applications to Fogo with minimal friction, while benefiting from faster execution and improved responsiveness.
The network is designed with traders and DeFi users as its primary audience, prioritizing real-time usability. With block times of approximately 40 milliseconds and around 1.3 seconds to finality, transactions on Fogo settle almost instantly, reducing latency and minimizing the risk of missed trading opportunities in fast-moving markets.
Fogo is powered by its native $FOGO token, which is used for transaction fees and for securing the network through staking. Rather than accepting traditional trade-offs between decentralization, speed, and usability, Fogo applies concepts inspired by high-frequency trading systems to decentralized infrastructure. This approach enables near-instant settlement, fair execution environments where raw speed alone does not guarantee an advantage, and tooling designed to make trading and interacting with dApps more seamless and efficient.
Fogo’s core team includes co-founder Robert Sagurton (former Global Head of Digital Asset Sales at Jump Crypto) and Douglas Colkitt (founder of Ambient Finance and ex-Citadel quant), along with contributors like Michael Cahill (CEO of Douro Labs, behind Pyth Network). The project has raised approximately $13.5 million in funding, including a $5.5 million seed round led by Distributed Global and an $8 million community round via Cobie’s Echo platform (with participation from CMS Holdings, Big Brain Collective, Patrons, and over 3,000 angel investors). Recently, it shifted from a planned token presale to an airdrop strategy ahead of its mainnet launch.
@Fogo Official