FOGO
$0.05
Fogo (FOGO) Price
$0.05
Fogo (FOGO) Price Today
The live price of Fogo is 0.05 USD. In the past 24 hours, the trading volume of Fogo was 171,049,474.53 USD, down by -11.56%. The current price has decreased by 0% from its 7-day high of 0.06 USD, and increased by 0.05% from its 7-day low of - USD. With a circulating supply of 10,000,000,000.00 Fogo, the market cap of Fogo is currently -- USD, down by 0% in the last 24 hours. Fogo currently ranks #281 by market capitalization among cryptocurrencies.
Fogo (FOGO) Market Data
Market Cap
$206.8M
24h Volume
$171M
Circulating Supply
3.7B FOGO
Maximum Supply
10B FOGO
Fully Diluted Market Cap
$550.5M
Liquidity Indicator
82.69%
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About Fogo (FOGO)
How can I buy Fogo (FOGO)?
Buying Fogo (FOGO) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase Fogo (FOGO) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy FOGO Guide for more information.
What Is Fogo (FOGO) and How Does It Work?
Fogo (FOGO) is a next-generation Layer-1 blockchain built on the Solana Virtual Machine (SVM), engineered to deliver ultra-low-latency and high-throughput performance for decentralized finance (DeFi) and on-chain trading. By combining Solana’s high-speed architecture with custom optimizations like the Firedancer validator client, Fogo aims to support real-time transaction execution, scalability, and a seamless trading experience that feels closer to traditional financial systems than many existing blockchains.
What sets Fogo apart is its focus on speed and efficiency: it targets block times as low as 40 milliseconds and fast finality, allowing applications that require rapid execution, such as on-chain order books, automated market makers, prediction markets, and high-frequency trading mechanisms, to operate effectively without the delays common on older networks. Additionally, features like Fogo Sessions enable users to interact with decentralized applications gaslessly and with simplified authentication, reducing friction for both everyday users and advanced traders.
At the heart of the ecosystem is the $FOGO token, which powers network fees, staking, and ecosystem incentives. Developers can deploy or migrate Solana-compatible applications to Fogo with minimal changes, benefiting from a curated validator set and performance-oriented consensus design. As the network evolves toward mainnet and expands its DeFi and trading infrastructure, Fogo positions itself as a specialized blockchain tailored for real-time finance and next-generation Web3 experiences.
When Did Fogo Launch?
Fogo is a high-performance Layer-1 blockchain built on the Solana Virtual Machine (SVM) with a focus on ultra-low latency and institutional-grade on-chain trading. The project was co-founded by Doug Colkitt (founder of Ambient Finance and former Citadel trader) and Robert Sagurton (ex-Jump Crypto, JPMorgan, and Morgan Stanley), alongside CEO Michael Cahill and other core contributors from traditional finance and blockchain backgrounds. Fogo’s development progressed through a devnet in early 2025, followed by a public testnet launch in mid-2025, with plans to transition toward full mainnet rollout and utility.
Fogo Key Milestones and Roadmap
• Dec 2024: Seed funding and early development begin.
• Jan 2025: Devnet goes live, marking the first public testing phase.
• Mar–Jul 2025: Curated and public testnets launch to broader developer and community testing.
• Dec 17, 2025: FOGO token presale begins, offering genesis supply to early participants.
• Q1–Q2 2025: Targeted timeline for mainnet launch and ecosystem expansion.
• 2026: Mainnet activity ramps up with incentives, bridges, and ecosystem growth.
What Is the FOGO Token Used for?
The $FOGO token is the native utility asset of the Fogo blockchain, designed primarily to power network operations, incentivize participants, and support ecosystem growth. Holders use FOGO to pay for transaction fees and gas costs on the network, stake or delegate their tokens to validators to help secure the chain, and in return earn staking rewards. Additionally, FOGO may be used to fund developers, partners, and strategic initiatives that expand the Fogo ecosystem and support new on-chain applications and services.
You can also trade FOGO futures contracts on BingX’s Futures market by opening a FOGO/USDT perpetual contract in the Pre-Launch Futures section and using leverage to go long or short based on your market view, allowing you to profit from price moves without owning the underlying token. Simply transfer USDT into your Futures account, select the FOGO perpetual pair, set your leverage and position direction, and place your order to enter or exit a leveraged FOGO futures trade.
What Is Fogo Tokenomics?
The total supply is 10,000,000,000 FOGO tokens, and allocations are designed to balance community growth, ecosystem funding, contributors, and strategic partners.
FOGO Token Allocation
• Community Ownership – 16.68%: Tokens distributed through the Echo Raise, Binance Prime Sale, and community airdrops to ensure broad public ownership.
• Institutional Investors – 12.06%: Fully locked tokens allocated to strategic backers, unlocking from September 2026 to support long-term network growth.
• Core Contributors – 34%: Reserved for the founding team and engineers, vesting over four years after a 12-month cliff starting September 2025.
• Foundation – 21.76%: Treasury tokens used to fund ecosystem grants, developer incentives, and network expansion programs.
• Advisors – 7%: Tokens allocated to strategic advisors, unlocking over four years after a one-year cliff.
• Launch Liquidity – 6.5%: Fully unlocked tokens used to provide liquidity across exchanges at mainnet launch.
• Burned – 2%: Permanently removed from circulation to reduce total supply and support long-term token value.
What Makes Fogo Different From Other Blockchains?
Fogo stands out because it is built specifically for real-time financial applications rather than general-purpose blockchain use. It runs on the Solana Virtual Machine (SVM) but adds a custom Firedancer validator client and a colocated validator architecture, allowing transactions to be processed in milliseconds instead of seconds. By placing validators in high-performance data centers close to major trading hubs, Fogo minimizes network latency, making it suitable for on-chain order books, high-frequency trading, and advanced DeFi protocols that demand fast and fair execution.
Unlike most Layer-1 blockchains that prioritize decentralization or speed, Fogo is designed to achieve both at the same time. Developers can deploy permissionlessly while still benefiting from enterprise-grade infrastructure, gas-sponsored user sessions, and a revenue-sharing “Fogo Flywheel” that feeds value back into the ecosystem. This creates a blockchain that feels more like a modern financial network than a traditional crypto chain, positioning Fogo as a specialized Layer-1 for next-generation on-chain markets.
What Blockchain Does Fogo Operate on?
Fogo operates as a standalone Layer-1 blockchain built on the Solana Virtual Machine (SVM), meaning it runs its own network while remaining fully compatible with Solana’s programming model and tooling. This allows developers to deploy Solana-based smart contracts on Fogo with minimal changes while benefiting from Fogo’s ultra-low-latency architecture, Firedancer validator client, and performance-optimized infrastructure designed specifically for high-speed on-chain trading and DeFi applications.
How to Store FOGO Tokens Securely
The simplest and most secure way to store FOGO tokens is to keep them directly on BingX, where they are protected by institutional-grade custody systems, cold-wallet storage, and real-time risk monitoring. Holding FOGO on BingX also makes it easy to trade, transfer, or manage futures positions without needing to move funds between wallets, helping you reduce exposure to phishing attacks and private-key mistakes.
If you prefer self-custody, FOGO can also be stored in SVM-compatible wallets that support Solana-based assets, such as Phantom, Backpack, and other Solana-native wallets. These wallets give you full control over your private keys and allow you to interact directly with Fogo dApps, stake tokens, and access the on-chain ecosystem, but you are responsible for securely backing up your seed phrase and protecting your device.
Is Fogo (FOGO) a Good Investment?
Fogo (FOGO) stands out as a compelling investment because it is one of the few Layer-1 blockchains purpose-built for real-time on-chain trading and high-performance finance, combining Solana’s SVM compatibility with a Firedancer-powered, low-latency validator network that rivals centralized exchanges in speed. Its community-first token distribution, long-term vesting for insiders, and revenue-sharing “Fogo Flywheel” that feeds ecosystem growth back into token value create strong alignment between users, builders, and token holders.
As more DeFi, trading, and institutional-grade applications migrate to ultra-fast blockchains, Fogo is well positioned to capture demand from next-generation on-chain markets; although, like all crypto assets, FOGO remains subject to market volatility and adoption risk.
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Fogo (FOGO) Price Converter
- FOGO to USD1 FOGO = $ 0.05
- FOGO to VND1 FOGO = ₫ 1,390.20
- FOGO to EUR1 FOGO = € 0.04
- FOGO to TWD1 FOGO = NT$ 1.66
- FOGO to IDR1 FOGO = Rp 893.48
- FOGO to PLN1 FOGO = zł 0.19
- FOGO to UZS1 FOGO = so'm 638.11
- FOGO to JPY1 FOGO = ￥ 8.38
- FOGO to RUB1 FOGO = ₽ 4.15
- FOGO to TRY1 FOGO = ₺ 2.28
- FOGO to THB1 FOGO = ฿ 1.66
- FOGO to UAH1 FOGO = ₴ 2.28
- FOGO to SAR1 FOGO = ر.س 0.19
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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
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