How is Fogo Shifting the Crypto Launch Paradigm?
Fogo has taken a bold step by canceling its presale and launching with an airdrop-first strategy instead. Why is this significant? Well, it breaks from the long-standing tradition of raising funds through presales before a network goes live. Many projects use presales to build a war chest and establish initial valuations. Fogo, however, is using the weeks leading up to its mainnet launch as a distribution phase, primarily aimed at getting users involved rather than simply raising funds.
The team has clarified that this shift wasn’t spurred by market conditions or a lack of interest. Instead, it reflects a rethinking of their priorities, where user participation and community ownership take center stage. The goal is to simplify the…
