Fogo is spearheading the regeneration of a strong DeFi community and they're putting their money where their mouth is with the @FogoChain Flames program. Here's how you can get rewarded for securing the network, providing liquidity, and helping build the future of on-chain trading 👇 Fogo's main aim has always been to create the best onchain trading experience, similar to real-world experience. In its pursuit of these, Fogo highly prioritizes these 3 areas: => Institutional Grade Infrastructures similar to what we see in the traditional finance world. => Decentralized Applications in the form of DEX, which @ValiantTrade is its first AMM, already making Savitar moves if you know. Dream Speed, Dream Fogo. => Community Fogo’s Flame is open to all participants, which is a specifically designed point system program that rewards users with incentives depending on their participation. With Fogo insights still hinging around the platform's core layers (execution, price, and settlement) and its community. This is how it works: • Flame distributions (points) are calculated and awarded weekly. • These points accumulate over time and contribute to a user's total score. • The total scores are displayed on a leaderboard, creating a competitive element. Users can earn Flames by participating in specific activities, which are broken down into four categories: => Pyth Network - Oracle Integrity Staking: Users can stake their PYTH tokens through "Oracle Integrity Staking." This activity would help secure the integrity of the price feeds provided by the Pyth Network. This action directly ties community involvement to the platform's core infrastructure. => Ambient Finance: Users can earn Flames by trading tokens or depositing them into an LP (Liquidity Provider) vault on the Ambient Finance DEX. This incentivizes active use of the platform's primary application. => Fogo Discord: Holding a "role" in the official Fogo Discord server earns Flames. The user can only get this through constant engagement and communication. => Fogo Twitter: Sharing and engaging with Fogo’s content will single you out. Season 1 was just the beginning. Are you ready for what's next? It's despondent to see projects glorifying the word “community” without living up to it. IMO, Fogo is reconstructing the "concept" community by rolling out its flame point program to reward real users who understand its mechanism.
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