Breaking news! SVM track new star Fogo cancels $20 million pre-sale, fully focusing on airdrops and community engagementThe high-performance Layer 1 project Fogo based on the Solana Virtual Machine recently made a major strategic adjustment, officially canceling the previously scheduled $20 million token pre-sale on December 17. Instead, the project announced that all of the tokens amounting to 2% of the total supply will be used for airdrops, aiming to reward early testnet users and community contributors more fairly. This decision comes on the eve of mainnet launch, reflecting the team's core approach of "delivering more, financing less," and a doubled emphasis on community strength in the current market environment. This article will delve into the logic behind this decision, the updated token economic model, and Fogo’s technological ambitions as a rising star in the SVM track.
MarketWhisper·12-15 02:58