$FOGO FOGO is the native token of the Fogo blockchain, a high-performance Layer-1 network built on the Solana Virtual Machine (SVM) with a focus on ultra-low latency, high throughput, and decentralized finance trading infrastructure. It claims sub-40 ms block times and near-instant finality to suit real-time trading, high-frequency strategies, and on-chain order books. �
2. Value Proposition & Use Cases
Ultra-fast execution: Optimized for on-chain trading and DeFi.
Gas-free sessions and native DEX features: Targets frictionless experience for traders.
Token Utility: Used for transaction fees, staking, network security, and governance. �
Phemex
3. Tokenomics & Launch Structure
Token distribution has large locked portions with long vesting, a community-friendly airdrop allocation, and a small burned share to reduce early supply. Critics note these long lock schedules can influence liquidity and sell pressure over time. �
4. Market & Exchange Uptake Signals
FOGO has seen listings on major exchanges like Binance, OKX, and others, with both spot and perpetual trading options, boosting liquidity and visibility. �
5. Risks & Considerations
High volatility & speculation: As with many new chains, prices swing widely.
Competition: Faces stiff competition from other Layer-1s with more mature ecosystems.
Execution: Performance in real-world high-frequency use cases remains key. �
Phemex
🕯️ Candlestick Chart (Live Summary)
The finance widget above shows the current price action with recent intraday high/low and percent changes. For a typical candlestick view across standard periods (1 h, 24 h, 7 d), major tracking sites like CoinGecko and CoinMarketCap provide interactive candles — but here’s a concise representation of recent movement based on the data
