[Fogo Cancels $20 Million Token Presale, Switches to Community Airdrop] According to The Block, the L1 blockchain project Fogo has canceled its planned $20 million token presale (accounting for 2% of the total supply) and will instead distribute the FOGO tokens intended for the presale through a community airdrop. Additionally, the 2% of tokens originally allocated to core contributors have been burned. Based on the tokenomics model, 38.98% of the tokens will be unlocked on January 13 when the network launches. This includes airdrop shares that can be traded immediately, tokens for foundation operations, and core contributor shares that will be unlocked in stages. The token allocation includes approximately one-third for the foundation, 34% for core contributors (with a four-year lock-up), 8.77% for institutional investors, 7% for advisors, and 11.25% for the community.