Fogo announced the cancellation of the previously announced $20 million token presale plan before the mainnet launch on January 2026 and will change the originally allocated 2% FOGO tokens for presale to airdrop to the community. The project previously planned to sell 2% of the tokens at a fully diluted valuation of approximately $1 billion. According to the latest disclosed tokenomics model, 38.98% of the tokens will be unlocked at the mainnet launch, including the airdrop portion that can be traded immediately, tokens for foundation operations, and phased unlocks for core contributors; institutional investors and advisors will receive 8.77% and 7% respectively. Additionally, Fogo has burned the 2% initial token supply originally allocated to core contributors. (The Block)
