Fogo’s leadership says the decision was not prompted by market conditions or a lack of demand,

Fogo’s leadership says the decision was not prompted by market conditions or a lack of demand, but by a reassessment of priorities. With the core infrastructure already built and the network preparing to go public, the team concluded that selling tokens added complexity without materially improving the launch.

Rather than spreading attention across execution and capital allocation, Fogo chose to simplify. The supply that had been earmarked for sale will now enter circulation through an airdrop, shifting the emphasis toward early participation instead of capital contribution.

The project’s foundation described the change as a necessary pivot – one that allows the team to concentrate fully on mainnet readiness while ensuring that early users, not buyers, form the base layer of ownership.