#fogo $FOGO
Fogo, a new blockchain built using the Solana Virtual Machine, is launching its public mainnet on Thursday.
Developed by former Wall Street executives with real-time trade execution in mind, the next-gen chain aims to achieve 40-millisecond block times, making it “up to 18x faster” than rival throughput-maxing networks like Solana and Sui.
“Fogo represents a fundamental rethinking of blockchain infrastructure for trading applications,” the team wrote. “By combining SVM-level performance, innovative MEV mitigation, and lightning-fast finality, Fogo is positioned to become a preferred platform for decentralized exchanges, trading protocols, and financial applications requiring institutional-grade performance.”
Coinciding with the mainnet launch, “Fogo Flames” points holders can now convert their accumulated rewards into FOGO tokens. FOGO is “immediately tradable” on exchanges like Binance, OKX, Bybit, Bitget, Gate.io, MEXC, LBANK, and Backpack.
