[Fogo Cancels $20 Million Token Presale, Switches to Airdrop Before Mainnet Launch] According to a report by Jinse Finance, Fogo announced the cancellation of its previously planned $20 million token presale ahead of its mainnet launch in January 2026. Instead, the 2% FOGO tokens originally allocated for the presale will be distributed to the community via an airdrop. The project had previously planned to sell 2% of its tokens at a fully diluted valuation of approximately $1 billion. Based on the latest disclosed tokenomics model, 38.98% of FOGO tokens will be unlocked at the time of the mainnet launch, including immediately tradable airdrop allocations, tokens for foundation operations, and vested allocations for core contributors. Institutional investors and advisors will receive 8.77% and 7%, respectively. Additionally, Fogo has burned the 2% initial token supply originally allocated to core contributors. (The Block)