Fogo is live. I went in early. Here's what I actually found.
The infrastructure of Fogo is really impressive. The finality of Fogo is 40ms which is not something they say to sound good. The perp trading of Valiant feels like a regular exchange, not something on a blockchain. This part of Fogo is as good as they said it would be.
If you look a little closer you can see the problems.
The liquidity of Pyron looks good at first.. It is not really that healthy. Most of the money in Pyron is there because people think they will get some Fogo points and Pyron tokens. If the rewards are not as good as people think this money will disappear. We have seen this happen before.
The bigger problem is that Fogos infrastructure is not being used to its potential. Fogo can handle a lot of transactions like a stock exchange.. Right now it is mostly just moving some big cryptocurrencies back and forth. The system is ready. It is not being used for anything important yet.
It is like a new mall that just opened. The mall is really nice with air conditioning and fast elevators.. There are only a few stores, in it.
My honest opinion is that you should not think that just because Fogo's technology is good the whole ecosystem is good too. These are two things.
You should pay attention to what happens after the airdrop. This will tell you what is really going on with Fogo.