Fogo has announced the cancellation of its planned $20 million token presale, opting instead to distribute 2% of its token allocation through an airdrop. This strategic shift comes as the Layer 1 blockchain, which operates on the Solana Virtual Machine, prepares for its mainnet launch scheduled for January. The airdrop is designed to reward early testnet users and community members participating in the Fogo Flames points program. This decision follows Fogo's recent move to burn 2% of its initial token supply, aligning with its revised token economic model.