FogoFishing mainnet launch and verification of $FISH destruction status.
Key findings
Mainnet launch time : December 4, 2025, 20:00 UTC
Statement regarding the daily destruction of 1.8 billion $FISH tokens : After verification from multiple sources, the authenticity of this statement cannot be confirmed.
Core Analysis
Mainnet Launch Event
FogoFishing officially launched (not "rebooted") on December 4, 2025 at 20:00 UTC, marking the project's first mainnet launch on the Fogo blockchain. (x.com)
Technical performance :
- On the day of launch, it achieved over 1,000 TPS, exceeding the total of all L2 instances.
- Block time 40ms, using Fogo Sessions to achieve gas-free transactions
- It entered the top 5 crypto gaming protocols on its first day.
Timeline :
| date | Time (UTC) | event |
|---|---|---|
| 2025-11-30 | - | Test complete, reset announced |
| 2025-12-01 | - | Closing preparations for official launch |
| 2025-12-04 | 20:00 | Mainnet officially launched |
| 2025-12-05 | 00:22 | Temporary maintenance (function handling only) |
| 2025-12-05 | 05:43 | Initiate repurchase program |
$FISH destruction status verification
Confirmed share buyback activities :
- Time : December 5, 2025, 05:43 UTC
- Quantity : 54.6 million $FISH
- Official announcement : "The buyback has begun. We have just purchased $54.6 million of FISH from the open market. Executions are currently expected to occur once per hour." x.com
On-chain data verification (as of 20:00 UTC on December 5, 2025):
| index | numerical values |
|---|---|
| Total casting volume | $2.151 billion FISH |
| Distribution supply | $680 million FISH |
| Total amount destroyed | Approximately $1.47 billion FISH |
| 24-hour destruction volume | 16.92 $FISH |
Key contradiction :
No official statement : Multiple searches of tweets from the official accounts @FogoFishing and @fogo on December 5th yielded no announcements regarding the "$1.8 billion FISH burned in a single day," especially regarding the claimed 19:58 UTC time point, where no related tweets were found.
On-chain data mismatch :
- On-chain data shows a cumulative total of approximately $1.47 billion $FISH burned (cumulative over all periods).
- The amount destroyed during the 24-hour period from December 4th to 5th was only 16.92 $FISH (small amounts destroyed due to player upgrades/repairs).
- Unable to find any single large burn transaction exceeding $50 million of FISH.
Conflicting Data Sources : While the figure has been mentioned in some social media discussions, no verifiable official source or on-chain evidence can be found.
Token economics mechanism
Buyback mechanism :
- Revenue allocation: 70% for share buybacks, 20% for liquidity, and 10% for operations.
- USDC Collateral Pool: Reached 88,783.56 USDC as of December 5th.
- Repurchase frequency: The official statement says "currently executed hourly."
Issuance Mechanism :
- Bitcoin-style difficulty adjustment, initial target of $100 million FISH per day
- Reduce by half every 14 days (maximum 4 times).
- The difficulty will increase eightfold after December 5th, and the number of copies issued will be reduced to 1/8.
in conclusion
Mainnet Launch : Confirmed to have successfully launched on December 4, 2025 at 20:00 UTC, demonstrating excellent technical performance.
Statement regarding the destruction of 1.8 billion : Unverifiable . After verification from multiple sources:
- There was no related announcement on the official Twitter account.
- On-chain data shows a cumulative total of approximately 1.47 billion (not a single day's total) destroyed.
- The only confirmed repurchase was $54.6 million FISH.
Possible cause : The statement may stem from confusion between "cumulative destruction" and "daily destruction," or it may be an unverified community rumor.
Recommendation : Follow official announcements from the official @FogoFishing account and verify information using on-chain data and the official dashboard (app.fogofishing.com/stats).