Fogo (FOGO)
Fogo ranks #137 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #883: 746 of the 882 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 1142 non-native assets CoinSpectrum lists above it by market cap, about 58% are tokens, 32% are claims on other assets, 9% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | B · 62/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #137 |
| Rank counting claims | #883 |
| Market capitalisation | $10M |
| Price | $0.00193 |
| Circulating supply | 5,376,603,336 FOGO |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | SVM (Firedancer, PoS) |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
B — 62 out of 100, provisional (from 9 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 52 to 71 (B to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 9.1 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 6.8 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 7.6 | no fixed maximum; 5.38 billion in circulation |
| Distribution | 6.1 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 0.1 | 99.5% of today's supply allocated at launch to founders, a company, a foundation or investors. The 10B FOGO genesis supply was allocated in full at launch (13 January 2026): core contributors 34%, Foundation 30.38%, Echo raises 9.25%, institutional investors 8.77%, advisors 7%, airdrop and launch 6.6%, a cancelled Metaplex sale 2% (converted to airdrop) and 2% burned. Net of the burn that is 9.8B, against an on-chain total of 9,845,853,917 FOGO (mainnet getSupply, 2026-10-23). source |
| Fundraising (share sold) (Source) | 8.2 | Sold by its issuer or insiders: 18.3% of supply sold. Two Echo community-investment rounds (about 3,200 investors), including $8M at a $100M valuation in January 2025. Institutional allocation to Distributed Global and CMS Holdings. Tokenomist puts the total raised at $13.5M. A planned $20M public presale at a $1B FDV (2% of supply) was cancelled in December 2025 and its tokens airdropped instead. Sold share is institutional 8.77% plus Echo 9.25% of genesis. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. Inflation is a fixed 2% a year, paid as block rewards to validators and their delegators through the Solana-style stake program. No foundation or treasury share of issuance is documented; the Foundation's holdings come from the genesis allocation. source |
| Decentralisation | 2.3 | average of 3 parts |
| Governance (Source) | 0 | An authority can halt the chain or freeze funds: In August 2026 Fogo halted mainnet and validators upgraded the network to restrict the attacker's addresses before restarting. source |
| No central team (Source) | 0 | A central team directs it: The Fogo Foundation / Douro Labs ships the only validator client, a Firedancer fork (Apache-2.0 licence file); the public repository has not been updated since January 2026 while releases continue. source |
| Who can mint (Source) | 7 | Gated by stake: any holder with enough stake can validate: access bought with coins |
| Nodes (Source) | – | Not yet counted |
| Security | 8.5 | 6.8 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 15.9%, largest three 44.7% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 10 | about 49,310,626 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | not mined: another consensus, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 7 | one client, latest version Jan 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | — | too few measures yet source |
| Fees ($0.001 or less 10, $1 or more 0) | – | not yet measured |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | – | not yet measured |
| Block time (10 minutes 10, less either side) | 0 | a block every 0.4 seconds |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | – | not yet measured |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | Firedancer-based SVM chain with 40 ms blocks and Tower BFT finality in about 1.3 s. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | SVM validators run from snapshots and purge the oldest ledger data (--limit-ledger-size). |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | No light client ships with the SVM protocol; users trust RPC providers. |
| Privacy | 3.5 | 3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Anyone can create keys and receive and send coins; the protocol carries no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 0 | An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | Transfers are public. |
| Hidden parties (Sender and receiver hidden) | 0 | Accounts are public. |
| Network privacy (Origin hidden by default) | 0 | SVM/Firedancer validators receive transactions directly from clients; no origin hiding. |
| Programmability | 8.9 | 8 of 9 points source |
| Token issuance (At protocol level) | 2 | SVM chain with the SPL Token program, so any account can create a token mint; mainnet since January 2026. |
| Smart contracts (General-purpose) | 2 | SVM chain with full Solana Virtual Machine compatibility; mainnet since January 2026. |
| Multisig and time locks (Without a third party) | ✓ | SPL Token multisig accounts and multisig and time-lock programs run on the SVM. |
| Atomic swaps (With other chains) | ✓ | Hash- and time-locked programs can be deployed on the SVM. |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: its own chain's DEXes (Fogo, DefiLlama). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | Cross-chain transfers use Wormhole, run by its guardian set. |
| NFTs (Carried by the chain's rules) | ✓ | Supply-one mints under the SPL Token program run by its validators. |
| Demand | 5.6 | average of 7 measures |
| Exchanges (10 or more: 10) | 9 | 9 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 4.1 | $1,178,925 traded in 24 hours; #622 by volume on the exchanges the site reads (scored on the median day of the last 30, $1,070,363) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9 | 7.6% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 9.5 | $73,551 within 2% of the price on 6 exchanges, 0.71% of its market cap, median of the last 12 days |
| Market cap ($1M 0, $10B or more 10) | 2.5 | $10M, 2.5 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 4.3 | futures, options and margin positions 32% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 5 | average of 3 criteria |
| Age (years since genesis) (Source) | 0 | 0 full years since 2026-01-15, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 6 | 1 positive, 0 negative, 4 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 23 commits in 2 of the last 12 months (github.com/fogo-foundation/fogo); Validator client v20.0.0 (docs.fogo.io/releases lists v3.0.0 to v20.0.0 since the 2026 mainnet); dates not shown. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a privacy improvement in two years | – | |
| Shipped a scaling upgrade in two years | – | |
| Shipped a new capability for users in two years | – | |
| Conduct (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2026-08-29 | ✗ | Fogo halted mainnet after an attacker obtained 400M FOGO from compromised foundation wallets; validators upgraded the network to restrict the addresses involved before restarting (by 2 Sep), and 237M recovered tokens were removed from supply. theblock.co cryptometer.io |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
Constellation DAGB
Divi DIVIA
Verona VERONAA
Hippo Protocol HPAAll Proof of Stake chains →Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Monero XMRA+
Bitcoin Cash BCHA++
Litecoin LTCA+
Ethereum Classic ETCAAll Proof of Work chains →Supply
5,376,603,336 FOGO are in circulation, against no fixed cap — issuance has no defined end.
Launch and allocation
| Premine (allocated at launch) | 99.5% of today's supply |
|---|---|
| Sold by the issuer or insiders | 18.3% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Private or venture funding |
The 10B FOGO genesis supply was allocated in full at launch (13 January 2026): core contributors 34%, Foundation 30.38%, Echo raises 9.25%, institutional investors 8.77%, advisors 7%, airdrop and launch 6.6%, a cancelled Metaplex sale 2% (converted to airdrop) and 2% burned. Net of the burn that is 9.8B, against an on-chain total of 9,845,853,917 FOGO (mainnet getSupply, 2026-10-23).
Two Echo community-investment rounds (about 3,200 investors), including $8M at a $100M valuation in January 2025. Institutional allocation to Distributed Global and CMS Holdings. Tokenomist puts the total raised at $13.5M. A planned $20M public presale at a $1B FDV (2% of supply) was cancelled in December 2025 and its tokens airdropped instead. Sold share is institutional 8.77% plus Echo 9.25% of genesis.
Inflation is a fixed 2% a year, paid as block rewards to validators and their delegators through the Solana-style stake program. No foundation or treasury share of issuance is documented; the Foundation's holdings come from the genesis allocation.
The site has no label yet. Allocation tables disagree. Bitrue lists institutional 12.06% and Echo 8.68%, which would make sold about 21%. Tokenomist and The Block give 8.77% and 9.25%, used here. Premine is near 100 either way. The 2% inflation rate is unconfirmed against Fogo's own docs: on-chain supply has grown only about 46M over the 2% burn.
Sources: docs.anchorage.com · coindesk.com · theblock.co · tokenomist.ai · mainnet.fogo.io · bitrue.com. Researched 2026-10-24, medium confidence.
What a regulator has said
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
How CoinSpectrum ranks Fogo
Fogo is #137 among cryptocurrencies and #883 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 746 places between Fogo's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 2 wrapped and staked claims on Fogo →