Layer 1 Blockchain Shifts Strategy to Token Airdrop for Broader Distribution
Fogo, an experimental Layer 1 blockchain built on the Solana Virtual Machine (SVM), has officially canceled its planned $20 million token pre-sale ahead of its January mainnet launch. Instead of selling tokens to investors, the project will now airdrop the full allocation to early users and ecosystem participants, marking a significant shift in its launch strategy.
The canceled pre-sale was set to offer 2% of the total FOGO token supply at a $1 billion fully diluted valuation. According to the team, the original goal was broad token distribution, but leadership concluded that an airdrop would better serve that purpose while allowing the team to remain focused on the public mainnet launch scheduled for January 13.
Under the newly released tokenomics plan, 38.98% of the total token supply will be unlocked at network launch. This includes 6.6% allocated to an immediately tradable airdrop, funding for the Fogo Foundation, and vested allocations for core contributors. Institutional investors will receive 8.77%, while 7% is reserved for advisors. Notably, 2% of the genesis supply has been permanently burned, reducing overall circulation.
With the pre-sale canceled, early testnet users stand to benefit. Fogo has taken snapshots of testnet participants, USDC bridge users and points holders, awarding them Fogo Flames, a points system redeemable for tokens after launch. The team emphasized that community ownership and developer participation remain central pillars of the ecosystem.
The shift to an airdrop model reflects a broader industry trend favoring decentralized ownership and user-first distribution. Fogo’s mainnet launch timeline remains unchanged, with the network aiming to deliver 40-millisecond block times, high transaction throughput, and reduced malicious MEV, positioning it as a next-generation blockchain infrastructure.
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