Here is an overview how the @Fogo Official ecosystem $FOGO tokens are allocated:
💲 Distribution
Core Contributors (34%): The largest share, dedicated to the core team and ongoing technical development.
Foundation (21.76%): Reserved for grants, ecosystem incentives, and builder support.
Community Ownership (16.68%):
- Echo Raises: 8.68%
- Community Airdrop: 6.00%
- Binance Prime Sale: 2.00%
Institutional Investors (12.06%): Allocation for early institutional backers.
Advisors (7%): Strategic advisors to the project.
Launch Liquidity (6.5%): Supporting third-party liquidity provisioning at launch.
Burned (2%): This portion has already been permanently removed from circulation.
Source: Fogo Network Official Documentation
💡 Quick Take
The distribution shows a strong focus on ecosystem growth (Foundation) and core development, while the community holds over 16% of the supply. 🌍
A key highlight is the 2% token burn that has already been executed. 🔥
🤔 What you think about this Tokenomics?
Do you think the 34% allocation for Core Contributors is justified for long-term development, or would you have preferred a larger share for the Community Airdrop?
Let’s discuss in the comments! 👇