On the eve of FOGO TGE, Gate Launchpool launches a 2 million airdrop, offering an opportunity for multi-asset staking

After oversubscription of 40.8 times in the Binance Prime Sale, the FOGO project will launch its first ecological mining opportunity tonight on Gate Launchpool. Gate platform is launching the 354th Launchpool, where users can stake BTC, GUSD, or FOGO tokens to share 2 million FOGO tokens. The mining cycle lasts for 7 days. This is the first large-scale airdrop event after FOGO TGE.

FOGO Launchpool Core Mechanism

Participation Method and Reward Distribution

Users can choose to stake any of the following assets to participate in mining:

Mining rewards are automatically distributed to spot accounts every hour, 100% instantly unlocked, with no lock-up period. This means users can receive yields in real-time with high flexibility.

Time and Scale

According to the latest news, the Launchpool mining period is from 22:00 on January 15, 2026, to 22:00 on January 22, 2026 (UTC+8), totaling 7 days. The total reward pool is 2 million FOGO tokens, distributed based on users’ staked assets proportion.

FOGO Project Background and Market Status

Project Positioning

Fogo is an SVM Layer 1 public chain project designed for an ultimate on-chain trading experience. According to related information, the total supply of FOGO tokens is 9.931 billion, with approximately 3.757 billion in circulation.

Current Price and Market Performance

According to the latest data, FOGO’s current price is $0.052780, with a market cap of about $198.30 million. It has decreased by 1.51% in the past 24 hours and fallen 23.63% over the past 7 days. Compared to the Binance Prime Sale price of $0.035, this price has risen significantly.

Funding and Recognition

FOGO’s performance in the third phase of Binance Prime Sale demonstrates market interest. According to reports, this pre-TGE round was oversubscribed by 40.8 times, raising 316,385 BNB, indicating high recognition from institutions and professional investors.

Participation Value Analysis

Why Participate on Gate

Compared to the Binance Prime Sale, which has already ended, Gate Launchpool offers a chance for latecomers to participate. Users do not need to pay extra funds; simply staking existing assets can earn FOGO tokens. This is especially friendly for users already holding BTC or stablecoins.

Additional Incentive Mechanisms

Users staking BTC who choose to redeem and transfer assets into Gate’s YuBiBao 7-day fixed deposit can earn an additional 50% airdrop bonus on top of the original staking rewards. This effectively provides an extra yield leverage for long-term holders. Users staking GUSD can also enjoy GUSD minting yields, achieving dual income.

Key Points

• Mining rewards are distributed hourly, 100% instantly unlocked, with no lock-up risk
• Reward distribution depends on staking proportion; early participants may earn higher yields
• Support for early staking to lock assets before official mining begins to earn rewards
• Multi-asset participation can maximize returns

Market Background and Focus

Market Dynamics Before and After TGE

FOGO officially started circulating at 20:00 on January 15, and the Launchpool opened at 22:00 the same day, only 2 hours apart. This tight schedule indicates high market attention on the project.

Price Fluctuation Expectations

Based on related information, FOGO has fallen 23.63% over the past 7 days, possibly reflecting a reassessment of valuation. The launch of the Launchpool may become a price indicator, as influxes of large-scale participants could change market liquidity patterns.

Summary

Gate Launchpool’s 354th phase provides an important participation mechanism for the ecological launch of the FOGO project. The airdrop scale of 2 million FOGO tokens, flexible multi-asset staking, and the design of additional incentives all demonstrate the platform’s support for the project. For users already holding assets like BTC and GUSD, this is a low-cost opportunity to acquire new tokens. However, actual yields depend on overall participation scale and individual staking proportion. It is recommended to participate reasonably based on personal asset situations.