Fogo announced the cancellation of the previously announced $20 million token pre-sale plan before the mainnet launch in January 2026, and will redirect the originally intended 2% FOGO tokens for the pre-sale 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 token economic model, 38.98% of FOGO tokens will be unlocked at the mainnet launch, which includes airdrop portions that can be traded immediately, tokens for foundation operations, and core contributor portions that will be unlocked in stages; institutional investors and advisors will receive 8.77% and 7%, respectively. In addition, Fogo also destroyed the initial 2% token supply originally allocated to core contributors. (The Block)