Fogo Cancels $20M Token Presale, Shifts to Airdrop for Upcoming Mainnet Launch

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Fogo has canceled its $20M token presale and will airdrop 2% of its token allocation ahead of its token launch. The Layer 1 blockchain, built on the Solana Virtual Machine, plans to launch its mainnet in January. The airdrop will reward early testnet users and community members via the Fogo Flames points program. The project previously burned 2% of its initial token supply as part of its updated token economic model.
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