TL;DR
- Idea: A Solana VM–compatible Layer 1 blockchain optimized for ultra-low latency (40 ms blocks) and high throughput (65,000 TPS), targeting institutional-grade on-chain trading.
- Catalyst: Recent listing on Gate.io (Jan 15, 2026), strong community-oriented funding, public testnet performance, and upcoming mainnet launch.
- Risks: Validator colocation raises centralization concerns; market adoption required to validate performance claims; token pre-market pricing volatility.
- Score: 8.00/ 10
Coin
- Name/ Ticker: Fogo (FOGO)
- Segment: Layer 1
- Status: live
- Price: $0.046980
Key Metrics
- Market Cap: $176 529 048
- FDV: $466 590 000
- Circulating Supply: 3 757 371 896
- Total Supply: 9 930 000 000
Sources
Technology
- USP: 40 ms block times with 1.3 s finality on an SVM‐compatible Layer 1 using Firedancer and validator colocation.
- Core Technology: Solana Virtual Machine compatibility; custom Firedancer validator client; multi-local consensus via colocated validators; Fogo Sessions for frictionless UX.
Roadmap
- 2025-07-01: Testnet public launch
- 2026-01-13: Mainnet genesis launch
- 2026-01-15: Gate.io listing
- 2026-02-01: Fogo Sessions beta release
- 2026-03-01: Ambient Finance perpetual DEX live
- 2026-04-01: Valiant AMM & orderbook launch
- 2026-05-01: Pyron & Fogolend money markets
- 2026-06-01: Brasa liquid staking deployment
Team & Investors
Team
- Co-founder — Robert Sagurton: ex-Jump Crypto Global Head of Digital Assets; former Morgan Stanley engineer
- Founding Contributor — Douglas Colkitt: ex-Citadel HFT quant; founder of Ambient Finance
- CEO, Douro Labs — Michael Cahill: CEO of Douro Labs; contributor to Pyth Network
- CI/CD Lead — Ben Wolski: Production release engineering for high-performance systems
- Community Manager — Vee: Crypto community engagement and growth
- Documentation Lead — Emily: Technical writing and repository management
Investors
- The Echonomist — echo_ico • 2025-01-25 • $6.00M
- 4 Ventures by CMS Holdings — echo_ico • 2025-01-25 • $1.00M
- Big Brain Collective — echo_ico • 2025-01-25 • $0.50M
- Patrons — echo_ico • 2025-01-25 • $0.50M
- Distributed Global — seed • 2024-12-01 • $5.00M
- Binance — strategic_sale • 2026-01-13 • $7.00M
Total funding: $20.00M
Tokenomics
- Utility: Network gas fees and on-chain staking for consensus
- Vesting: Core contributors and institutional investors vested over 4 years; community and foundation allocations mostly unlocked at launch
- Next Unlock: (0.00% of circulating)
Pros & Cons
Strengths
- Ultra-low latency (40 ms blocks)
- High throughput (65,000 TPS)
- Seamless Solana VM compatibility
- Backed by experienced TradFi and crypto engineers
- Community-first funding model
Weaknesses
- Colocated validators risk centralization
- Mainnet performance unproven under adversarial conditions
- Pre-market price volatility
- Inflation schedule unspecified in whitepaper
- Reliance on single data-center cluster
Market Signals (7d)
- TVL trend: n/a
- CEX volume trend: increasing
- Active addresses trend: n/a
Price Scenarios (target: 2026-07-18)
- Bear: $0.025000 — 50% decline scenario based on market downturn assumptions
- Base: $0.047000 — Current price maintained with steady adoption and usage
- Bull: $0.100000 — 100% upside assuming accelerated ecosystem growth and listing on additional Tier 1 exchanges
How to Buy & Store
CEX
- Gate.io
- Binance
- OKX
- Bybit
- Bitget
- KuCoin
- MEXC
DEX
- Ambient Finance
- Valiant
- FluxBeam
- Pyron
- Fogolend
Storage
- Phantom Wallet
- Solflare
- Ledger
- Trust Wallet
- Fogo Terminal CLI
Verdict
Fogo presents a compelling high-performance Layer 1 narrative with real institutional and community backing, but execution risks around decentralization and mainnet robustness warrant caution.
Official Links
Source: Coin Research (internal)
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