#fogo $FOGO
This week I invested a lot of money into the Fogo mainnet. I did not do that for some tokens that are for airdrops or whatever. I have put my funds into the Fogo mainnet in order to see if it actually works. Fogo, does that bring DEFI and CeFi more together.
Yes, short answer is that it has made them come more together than anything I've experienced on the blockchain so far.
I also wanted to try doing some high-frequency trades, and I have noticed a difference with decentralized exchanges when doing high-frequency trades. One can't worry if the trade will execute, only if their strategy is sound and that's how one thinks on CeFi.
With Fogo, one can't click a button and wait. You don't have to wonder about that sort of thing.
Fogo is not without flaws. Nevertheless, this is the first blockchain to have me seriously contemplating what it is capable of in the long term.
The first thing to convince me Fogo was different was the execution speed after I touched my screen, before I had even fully released my finger, my transaction had been executed.
I took my money, I watched things happening. I don't need a presentation to do it for me.