Recently, I noticed that FOGO, this L1 chain, has just launched its mainnet. As an investment researcher, I find it quite interesting.

From a technical foundation, it is essentially a high-performance public chain built on the Solana Virtual Machine. Its positioning is very clear—optimizing speed within the SVM ecosystem. This idea is quite targeted in the current public chain competition. How exactly is it optimized? By using a validator client driven solely by Firedancer, combined with multi-local consensus and dynamic validator placement, the result is a block time reduced to under 40 milliseconds. In specific scenario tests, it runs 18 times faster than Solana and Sui, and has processed tens of millions of transactions during the testnet phase. Once the mainnet goes live, it demonstrates a processing capacity of over 100,000 TPS. From an industry perspective, this performance metric is indeed competitive.

The tokenomics are also thoughtfully designed, clearly considering long-term ecosystem development. The total supply is set at 10 billion tokens, with an initial circulating supply of about 370 to 400 million tokens. The unlock rate at launch is between 36% and 38%. This pacing is well-managed, preventing too much short-term selling pressure. Interestingly, it did not follow the traditional pre-sale route but instead prioritized community engagement. They launched the "Fogo Flames" airdrop program to reward early ecosystem contributors such as testnet participants, gamers, and liquidity providers, truly aligning everyone's interests.

In terms of fundraising strategy, it is quite prudent. During a strategic token sale on a major exchange, they were very restrained, selling only 2% of the total supply, with a valuation set at $350 million, raising $7 million for foundation operations. Compared to projects that raise over a billion dollars easily, this approach appears more long-term oriented.