FOGO raised 13.5 million in the early stages of this project and is now live. Let's look at the token distribution — community tokens in circulation account for 6%, of which 1.5% was a direct airdrop, and the remaining 4.5% was distributed through various activities. Market makers hold 5% of the circulating tokens.

Interestingly, the project team initially planned to sell tokens directly to the community after listing, but later canceled this plan (possibly considering market acceptance). Instead, they adopted an activity-based incentive approach to distribute tokens.

From a liquidity perspective, this design doesn't have an especially high market maker share, and the activity airdrops are relatively balanced. The key question is whether future activities can truly activate community participation or if it's just another routine token release strategy. In the short term, this structure has some room to boost the price.