Fogo Chain: Learn About the First Layer-1 Blockchain Compatible with SVM

@fogo is a layer-1 blockchain designed to achieve high throughput, low latency, and large-scale transaction processing. Fogo is compatible with the Solana Virtual Machine (SVM), allowing existing programs, tools, and infrastructure on Solana to easily migrate to #fogo.
Fogo Chain uses Firedancer, a high-performance client developed by Jump Crypto, to maximize speed and bandwidth while maintaining low latency. Additionally, although compatible with SVM, Fogo is completely separate from the Solana system, thus avoiding network congestion.
Core Technologies of Fogo Chain
Solana Virtual Machine (SVM)
Fogo Chain leverages SVM to achieve fast transaction speeds and low costs. However, it not only copies Solana but is also further optimized by being entirely separated from the main network, preventing the congestion commonly seen on other layer-1 blockchains.
Firedancer
Firedancer is a validator client software developed for the Solana blockchain to help it process transactions faster and more efficiently than current validators.
Using Firedancer helps Fogo become a high-performance blockchain with impressive metrics such as 1 million transactions per second (TPS) and a block time of 20ms, suitable for real-time applications like institutional finance or online gaming.
Multi-Local Consensus
Fogo’s consensus mechanism operates on a multi-region model, instead of using a global consensus network like traditional blockchains. The network is divided into multiple regions, each with a carefully selected validator group to process transactions independently, increasing confirmation speed and reducing latency.
A unique feature of Multi-Local Consensus is the zone rotation mechanism, which changes the verifying region during each epoch and assigns each region a unique cryptographic identity. This ensures security, prevents control by a single jurisdiction, enhances system resilience, and optimizes performance.
Fogo Chain Development Team
The founding team of Fogo Chain includes experienced individuals in crypto and finance, who have held key positions at major organizations:
Robert Sagurton (Co-Founder): Over 5 years of experience at Jump Crypto. Previously worked at major financial institutions such as JPMorgan Chase, State Street Bank, Morgan Stanley, and enterprise blockchain company R3.
Douglas Colkitt (Co-Founder): Founder of Crocodile Labs and developer of the decentralized exchange Ambient Finance.
Michael Cahill (CEO & Co-Founder): Former Vice President of Foreign Exchange Business at Morgan Stanley for over 7 years, 4 years at Jump Crypto, and other organizations. He is also the CEO of Pyth Network.
Investors
Fogo Chain has raised a total of $13.5 million through two funding rounds:
Seed Round in December 2024: Raised $5.5 million with participation from Distributed Global and CMS Holdings.
ICO Round in January 2025: Raised $8 million via the Echo platform with participation from The Echonomist, 4 Ventures, Big Brain Collective, and Patrons.
Tokenomics
Token Information

Token Allocation
FOGO tokens are distributed as follows:
Echo & Metaplex pre-sale - 11.5%: Fully unlocked at TGE.
Investors - 8.77%: Locked for 12 months, then vested over 36 months.
Development Team - 36%: 2% unlocked at TGE, then locked for 12 months, with the remaining vested over 36 months.
Foundation - 30.38%: Fully unlocked at TGE.
Advisors - 7%: Locked for 12 months, then vested over 36 months.
Airdrop & Launch - 6.6%: Fully unlocked at TGE.

Token Use Cases
The $FOGO token is used to:
Pay gas fees on the Fogo blockchain
Staking yield
Support ecosystem projects

Summary
This is all the information about the Fogo Chain project. Coin68 hopes you find this overview helpful in understanding the project and its key features. Wishing you more useful knowledge!