TechFlow news, on December 13, according to The Block, the L1 blockchain project Fogo has canceled its planned $20 million token presale (2% of total supply) and instead will distribute the FOGO tokens originally allocated for the presale as a community airdrop. Additionally, the 2% of tokens previously assigned to core contributors have been burned. According to the tokenomics model, 38.98% of the tokens will unlock at network launch on January 13, including the immediately tradable airdropped portion, tokens for foundation operations, and the vested shares for core contributors. Token distribution includes approximately one-third allocated to the foundation, 34% to core contributors (four-year vesting), 8.77% to institutional investors, 7% to advisors, and 11.25% to the community.
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