Solana VM Blockchain Fogo Cancels $20M Token Sale, Opts for Airdrop

TLDR:  Fogo cancels $20M token presale, distributing 2% of tokens via airdrop instead. Fogo Flames points program rewards early testnet users and bridge participants. Core contributors receive 34% of tokens locked, while community owns 11.25%. Solana VM blockchain targets 40ms block times and 1,000+ TPS on testnet. Fogo, an experimental Solana VM blockchain, has canceled [...]

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