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CoinDesk reports that Fogo announced the cancellation of its previously announced $20 million token pre-sale plan before the mainnet launch in January 2026, and will convert the 2% FOGO tokens originally allocated for the pre-sale into an airdrop to the community. The project previously intended to sell 2% of tokens at a fully diluted valuation of approximately $1 billion. According to the latest disclosed tokenomics model, 38.98% of tokens will be unlocked at mainnet launch, including the immediately tradable airdrop portion, tokens used for foundation operations, and phased releases for core contributors; institutional investors and advisors will receive 8.77% and 7%, respectively. Additionally, Fogo has burned the 2% initial token supply previously allocated to core contributors. (The Block)