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Fogo Cancels FOGO Token Presale, Focuses on Airdrop Distribution

The project will redirect resources to airdrop rewards for eligible participants ahead of its scheduled mainnet launch on January 13.

USDC

Summary

On December 13, Fogo announced the cancellation of its planned December 17 FOGO token presale to prioritize airdrop distribution. Snapshots were taken to identify eligible recipients, including Fogo Fishers participants, Portal Bridge point holders, and USDC cross-chain transfer users. Rewards will be issued upon the Fogo blockchain’s mainnet launch on January 13.

Terms & Concepts
  • FOGO token: A digital asset issued by the Fogo project, representing a portion of its genesis supply.
  • USDC: A stablecoin pegged to the U.S. dollar, widely used for transfers and settlements in cryptocurrency transactions.
  • Mainnet: The fully operational and public version of a blockchain network, where real transactions occur.