2026-01-11 03:21:34

A leading exchange contract platform will officially launch the FOGOUSDT perpetual contract pre-market trading at 22:00 on January 10, 2026 (Beijing Time). This is another innovative step the platform is taking to enrich its trading product lineup.

Fogo is a high-performance L1 server built on the Solana virtual machine, featuring ultra-low latency and high throughput. After the contract goes live, traders can participate in FOGO trading with up to 5x leverage, offering a good opportunity for investors optimistic about the L1 track development.

Key trading parameters for the FOGOUSDT perpetual contract to note: the settlement asset is USDT, the minimum order quantity is 1 FOGO, and the minimum nominal value is 5 USDT. The mark price is calculated as the average of the last 10 seconds of pre-market trading to ensure transparent pricing. The funding rate cap during pre-market trading is +0.005%, and after pre-market ends, it adjusts to +2.00% / -2.00%, settled every four hours.

Fogo's total token supply is 10 billion FOGO, with an unlimited maximum supply. The minimum price movement is set at 0.00001 for fine-grained operations. For users wanting to experience new on-chain L1 trading, this contract offers relatively flexible leverage options and reasonable trading costs.

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HashBrownies

· 16h ago

5x leverage is good, but I'm afraid it's just another FOMO trap.

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ShitcoinArbitrageur

· 01-11 03:51

5x leverage sounds good, but the idea of unlimited supply is a bit vague... better to observe for now.

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ThatsNotARugPull

· 01-11 03:49

5x leverage? Starting to cut leeks before the market opens? This fee rate skyrocketed four hundred times as soon as it was launched. I just want to know who will take the bait at such a time.

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ConsensusBot

· 01-11 03:48

5x leverage sounds okay, but the funding rate varies so much before and after trading hours... depends on how much wool can be pulled before the market opens.

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TokenomicsDetective

· 01-11 03:47

Pre-market trading is back. What new tricks is the Solana ecosystem up to this time? --- A total supply of 10 billion with unlimited issuance? This data just doesn't seem right. --- A 5x leverage sounds great, but why is the funding rate so different pre- and post-market? Wait, wait, wait. --- I'm optimistic about the L1 track, but I'm just worried it’s another new way to cut the leeks. --- All this fine-tuned operation just to make us get liquidated precisely? --- Launching on the 22nd, I need to study this tokenomics. It feels like there’s something interesting.

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