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Futures
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Customized wealth management empowers your assets growth
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Quant Fund
Top asset management team helps you profit without hassle
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Fogo cancels $20 million token pre-sale and switches to a community airdrop before the mainnet launch
Golden Finance reports that Fogo announced the cancellation of its previously announced $20 million token pre-sale plan before its mainnet launch in January 2026, and the 2% FOGO tokens originally allocated for the pre-sale will be airdropped to the community. The project initially planned to sell 2% of tokens at a fully diluted valuation of approximately $1 billion. According to the latest disclosed token economic model, 38.98% of the tokens will be unlocked at mainnet launch, including immediately tradable airdrop shares, tokens used for foundation operations, and phased unlocks for key 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)