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#fogo $FOGO
1. Fogo Chain ($FOGO ) - Blockchain & Crypto
Fogo is a high-performance Layer 1 (L1) blockchain designed for institutional-grade DeFi and ultra-low-latency trading. Built on the Solana Virtual Machine (SVM) and utilizing a customized Firedancer client, Fogo officially launched its public mainnet on January 15, 2026, positioning itself as a speed-optimized alternative to Solana and Sui.
Key Information & Features:
* Performance: Achieves a block time of approximately 40ms (roughly 10x-18x faster than Solana) with sub-second finality, specifically to eliminate the "latency tax" for high-frequency traders.
* Architecture: Utilizes "Multi-Local Consensus" (grouping nearby validators to reduce physical delay) and a curated validator set to ensure consistent, institutional-grade performance.
* Fogo Sessions: Enables a "gasless" trading experience through account abstraction, allowing users to trade without signing every individual transaction or holding native gas tokens.
* Enshrined Primitives: Features a built-in central limit order book (CLOB) and validator-maintained oracles to ensure fair and transparent price discovery.
Team & Backers:
* Founders: Founded by Doug Colkitt (Ambient Finance) and Robert Sagurton (formerly of Jump Crypto).
* Funding: The project has raised over $20M across multiple rounds.
* Early rounds included $13.5M from Distributed Global, CMS Holdings, and others.
* In early 2025, it raised an additional $8M via the angel platform Echo (founded by Cobie).
* Most recently, in January 2026, the project secured strategic investments from GSR and Selini Capital following a $7M token sale on Binance.
Recent Milestones (Jan/Feb 2026):
* Mainnet & TGE: The $FOGO token went live on January 15, 2026, and is currently trading on major exchanges like Binance, OKX, and Bybit.
* Community Airdrop: The "Fogo Flames" points program concluded with a community airdrop. The claim window is currently open (scheduled to close in April 2026).
> Note on Market Status: As of February 2026, the $FOGO token is in its early post-launch price discovery phase. While technical performance has met targets, the token has seen typical high volatility common with new Layer 1 launches.
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