FOGO Coin refers to the native cryptocurrency of the Fogo blockchain — a new high-performance Layer-1 blockchain built for ultra-fast decentralized finance (DeFi) and on-chain trading.
🧠 What Is Fogo?
Fogo is a purpose-built blockchain designed to deliver very low latency, high throughput, and fast transaction finality — features that matter especially for trading, real-time order books, and other finance-oriented decentralized applications. It’s compatible with the Solana Virtual Machine (SVM), meaning developers can migrate or build applications with familiar Solana tooling.
Key highlights:
Ultra-fast blocks: Around 40 milliseconds block times with quick finality.
Focus on DeFi/trading: Built for real-time on-chain markets, auctions, liquidations, and reduced latency compared with many other blockchains.
SVM compatibility: Works with Solana tooling and supports easily migrating Solana apps.
Innovative UX: Features like Fogo Sessions offer smoother interaction with decentralized apps.
🪙 What Is the FOGO Coin?
The FOGO coin is the native token of the Fogo network. Its main roles include:
1. Gas/transaction fees: Used to pay for transactions on the Fogo blockchain.
2. Staking: Validators and token holders can stake FOGO to help secure the network and earn rewards.
3. Ecosystem incentives: Part of Fogo’s tokenomics includes community airdrops and programs to encourage ecosystem growth.
The total supply is around 10 billion FOGO tokens, with a portion unlocked at launch and others distributed over time as part of staking, foundation reserves, and community programs.
📍 Current Status
The mainnet has launched, and FOGO tokens are actively trading on multiple exchanges.
It aims to attract traders, developers, and DeFi builders who need high-performance blockchain infrastructure.
⚠️ Important Notes
Cryptocurrencies like FOGO can be volatile, and projects often evolve quickly — always do your own research before trading or investing.
Some early distribution (airdrops) and promotional campaigns have taken place, but verify official channels to avoid scams.