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Fogo Chain is a next-gen Layer 1 designed for ultra-fast, fair, and high-performance execution. Built on the Solana Virtual Machine, it enables developers to easily deploy or migrate Solana apps to Fogo while benefiting from faster transactions and a smoother user experience.
The $FOGO token is used for fees, staking rewards, and supporting ecosystem growth through builder and partner funding.
In January 2025, Fogo Chain raised $5.5M via a Seed Round from Distributed Global and CMS Holdings.