The ecological staking event for Fogo's Flames Season 2 is about to begin -The Brasa event will start on February 14th @ fogo a. Lock FOGO to obtain stFOGO, 50% bonus (approximately 100% APY annualized) b. Bonuses are distributed in the form of FOGO c. Continuous holding of stFOGO exposure is required -Permitted operations (without affecting the bonus): a. Holding stFOGO b. Provide stFOGO/FOGO LP c. Using stFOGO for borrowing and lending -Some technical details a. So far, over 3 billion transactions have been processed. b. Maintain 1500+TPS under high load The above data is measured through stress testing and ranks first on Chainspec's real-time performance ranking. —————— Why could this pledge be an opportunity? 1. Robert Sagurton and Douglas Colkitt, co founders of Fogo, have worked for institutions such as Citadel, Jump Trading, JP Morgan, etc. Mainly led by CMS Holding, a liquidity institution This means that Fogo has a fairly mature ability in fund management and market making. They have a better understanding of high-frequency trading (HFT) and institutions, and are more able to have Sense in the process of building an on chain ecosystem; The team also has PYTH developers who have enhanced the development capabilities and security of Layer 1. During the downward cycle of the market, mature market players are likely to attract more chips and improve their chip structure multiple times. The token of this project is also the consumption token of Layer1 3. Currently, there is a discrepancy between the $200 million FDV and the final round valuation, indicating the potential for continued game play. Pledge can lower market circulation and facilitate continuous control of on chain data. This reflects the team's professionalism in chip structure. 4. Financing capability remains strong in the current market Fogo raised $8 million on the Echo platform in less than two hours, with a token valuation of $100 million; The seed round has also completed a $5.5 million financing. This almost means that the primary market recognizes Fogo's professionalism. Before September 20th, 2022, the unlocked Fogo will be very limited, providing security for the continued operation and staking activities of the project