Fogo just dropped the numbers on their ICO, and it's pretty straightforward. They're targeting a billion-dollar fully diluted valuation. With only 2% of the supply hitting the market, that translates to a $20 million raise—not massive by crypto standards, but focused.

Here's the timeline: token sale kicks off December 17th, with the actual launch happening January 13th. What's interesting? Presale buyers get their full allocation unlocked right at launch when the mainnet goes live. No vesting, no waiting around. That's either confidence in their product or a calculated liquidity play—probably both.

The simultaneous mainnet and TGE suggests they've been building quietly. Whether this thing has legs depends on what they're actually shipping, but at least the tokenomics are transparent upfront.