Fogo ranks #128 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #962: 834 of the 961 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 984 non-native assets CoinSpectrum lists above it by market cap, about 66% are tokens, 25% are claims on other assets and 9% are memecoins.
| CoinSpectrum Grade | D · 51/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #128 |
| Rank counting claims | #962 |
| Market capitalisation | $17M |
| Price | $0.00312 |
| Circulating supply | 5,369,568,253 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 28 October 2026 build. Open the live view for every exchange's price, and charts.
D — 51 out of 100, provisional (from 17 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 43 to 61 (D to C).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 3.6 | group average, 9 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 6.6 | 3.3 of 5 points, 1 not yet measured source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 3.4 | no fixed maximum; 5.37 billion in circulation: supply scale 6.8, cap 0 |
| Durability (Sustainability · 1 Store of value) | ✗ | 0 full years since its first recorded price, one halt, freeze or reversal in five years |
| Fungibility (Interchangeability · 3 Unit of account) | ✓ | every unit identical and worth any other |
| Portability (Scalability · 2 Medium of exchange) | – | |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 9 decimal places, the smallest unit worth $3.1e-12 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | ✓ | node software open source; pruned nodes validate everything |
| Scalability (fees, throughput, block time, block space, features) | — | 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; 119, 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 (32 MB or more 10) | – | not yet measured |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper §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. |
| Security (miner pay and 7 checks) | 5 | 5 of 9 points source |
| Miner pay (A day, $1,000 0 to $10 million 10; 2 points) | 0 | not mined |
| Own hashrate (Half its algorithm's largest, not merge-mined) | ✗ | not mined |
| Largest pool (Pool or validator under 50%) | ✓ | 15.9% |
| Largest three (Under 75% together) | ✓ | 44.7% |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✓ | 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. |
| Real use (1,000+ transactions a day) | ✓ | about 49,310,626 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 3.1 | section average, 6 of 8 measured |
| Censorship resistant (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) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | 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 | 0.1 | Sold by its issuer or insiders: 99.5% of supply was theirs to sell, 18.3% sold so far. 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 |
| Privacy | 2 | section average |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | ✓ | Anyone can create keys and receive and send coins; the protocol carries no identity check. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✗ | |
| Network privacy (Origin hidden by default) | ✗ | SVM/Firedancer validators receive transactions directly from clients; no origin hiding. |
| Hidden amounts (Amounts confidential) | ✗ | Transfers are public. |
| Hidden parties (Sender and receiver hidden) | ✗ | Accounts are public. |
| Programmability (tokens, contracts, 5 checks) | 7.8 | 7 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 exchange (Built into the protocol) | ✗ | On-chain order books are applications on Fogo, not a protocol feature. |
| 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. |
| Supply & Demand | 6.9 | group average |
| Supply & Demand (Source) | 7 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 10 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 4.2 | $1,320,525 traded in 24 hours; #572 by volume on the exchanges the site reads (scored on the median day of the last 30, $1,301,085) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.9 | 5.2% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 9.2 | $95,137 within 2% of the price on 7 exchanges, 0.57% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 3.1 | $17M, 3.1 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 5.4 | futures, options and margin positions 21% of its market cap |
| Supply (smaller is better) | 6.8 | no fixed maximum; 5.37 billion in circulation |
| Record | 5 | group average |
| Record (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. |
| 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, improvements, unfixed issues) | 6 | 1 positive, 0 negative, 4 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 32 commits in 3 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 | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have five sections: sound money (six qualities: scarcity, durability, fungibility, portability, divisibility, verifiability), scalability (four measures and three features), security (miner pay and seven checks), decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share) and privacy (five checks); programmability (token issuance, smart contracts and five checks) follows them. Provisional: criteria 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.
5,369,568,253 FOGO are in circulation, against no fixed cap — issuance has no defined end.
| 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.
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.
Fogo is #128 among cryptocurrencies and #962 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 834 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 →