Solana ecosystem has new developments. FOGO is a high-performance Layer1 blockchain based on the SVM architecture, focusing on transaction speed optimization.

Let's look at the fundraising pace: at the end of December last year, they raised $5.5 million, and on January 24 this year, they raised another $8 million, totaling $12 million. This speed is indeed fast.

The parameters for the Pre-TGE event are as follows—selling 200 million FOGO tokens (accounting for 2% of the supply), with a fundraising target of $7 million, at a price of $0.035 per token. Based on this price, the project’s FDV is $350 million. The single account limit is 6 BNB, making participation quite accessible.

Interestingly, the project's history is notable. Previously, during the initial offering, the project team claimed a valuation of $1 billion FDV, but no one participated, and it ended in a cold reception. Now, they are directly on spot trading, and the Pre-TGE round price has been significantly lowered compared to before. From $1 billion down to $350 million, the discount is quite substantial. This contrast is a bit surreal, but it presents an opportunity for participants. Based on the project's fundamentals and market enthusiasm, this round of activity is worth paying attention to.