swaps.
Reliable: The Firedancer technology is designed to stop the network from crashing or pausing, which has been a problem for high-speed chains in the past.
Cheap: Transaction fees are extremely low, even when many people are using the network.
The FOGO Token
The FOGO token is the native utility asset that powers the Fogo network. It has four main use cases:
Gas fees: Users pay FOGO to execute transactions, place orders, and interact with smart contracts.
Staking and security: Validators and delegators stake FOGO to secure the network. Honest participation is rewarded with staking yields, while malicious behavior is penalized.
Governance: FOGO holders can participate in the governance of the protocol, voting on upgrades, parameter changes to the enshrined order book, and other ecosystem initiatives.
Exchange currency: Within the Fogo ecosystem, the token may be used as a primary quote currency or for fee discounts on the native exchange layer.