Fio Protocol is revolutionizing the blockchain experience by simplifying complex wallet interfaces for all users, regardless of their technical expertise. This innovative protocol replaces traditional public and private keys with human-readable “FIO Addresses,” similar to email addresses. These addresses are compatible with any token, eliminating the complexities of managing cryptographic keys and even allowing users to request funds using customized wallet addresses.
Table Content:
- Fio Protocol: Key Features and Benefits
- Understanding FIO Coin: Tokenomics and Utility
- Key Metrics
- FIO Token Allocation
- FIO Token Sale
- FIO Token Release Schedule
- FIO Token Use Cases
- Acquiring and Holding FIO Coin
- FIO Token Wallets and Exchanges
- FIO Token Trading Platforms
- Fio Protocol: Roadmap and Updates
- Fio Protocol: Team, Investors, and Partners
- Team
- Investors
- Partners
Fio Protocol: Key Features and Benefits
Fio Protocol offers a range of advantages that enhance the usability and accessibility of blockchain technology:
- Simplified User Experience: Replaces complex public and private keys with user-friendly FIO Addresses like “John@BitcoinWallet” or “Jane@Ethereum.”
- Enhanced Security: While simplifying the user interface, Fio Protocol maintains robust security. All FIO Protocol transactions require a FIO private key, controlled exclusively by the user.
- Privacy Protection: Sensitive information like public addresses can be encrypted on the blockchain, ensuring user privacy.
- Universal Compatibility: Once integrated into a wallet, Fio Protocol seamlessly operates with any blockchain and cryptocurrency without requiring specific chain integrations.
Understanding FIO Coin: Tokenomics and Utility
Key Metrics
- Token Name: FIOToken
- Ticker: FIO
- Blockchain: FIO Protocol
- Token Type: Utility Token
- Total Supply: 724,249,465
- Max Supply: 1,000,000,000 FIO
- Circulating Supply: 90,017,353 FIO
FIO Token Allocation
Visual representation of FIO token allocation
FIO Token Sale
Fio conducted three token sale rounds:
- Private Sale 1: 400,000 FIO at $0.0500 per FIO, raising $20,000.
- Private Sale 2: 400,000 FIO at $0.1200 per FIO, raising $48,000.
- Private Sale 3: 13,333,333 FIO at $0.0375 per FIO, raising $500,000.
FIO Token Release Schedule
Chart illustrating the FIO coin release schedule
FIO Token Use Cases
FIO tokens are primarily utilized for:
- Domain and Address Registration Fees: Paying for registering FIO domains and addresses.
- Transaction Fees: Covering the costs of conducting transactions on the Fio Protocol.
- On-Chain Voting: Participating in the governance of the network by voting for Block Producers.
Acquiring and Holding FIO Coin
FIO tokens can be acquired through various cryptocurrency exchanges. Major exchanges listing FIO include Binance, Hoo, and OKEx.
FIO Token Wallets and Exchanges
Users have two primary options for storing FIO tokens:
- FIO-Integrated Wallets: Securely store FIO tokens in wallets with built-in FIO support, such as Edge Wallet, Guarda Wallet, Trust Wallet, Midas Wallet, and Scatter Wallet.
- Cryptocurrency Exchanges: Hold FIO tokens directly on exchanges that list the token.
FIO Token Trading Platforms
FIO tokens are currently listed on several exchanges, including BitMax, Binance, Bithumb Global, Hotbit, and Hoo.
Fio Protocol: Roadmap and Updates
Q4 2020 Key Developments:
- Token Burning Functionality: Implementation of a mechanism to burn FIO tokens.
- Simplified Voting and Delegation: Enabling voting and delegation without requiring a FIO Address.
Fio Protocol: Team, Investors, and Partners
Team
Luke Stokes, Foundation Managing Director, is a prominent figure in the blockchain space, having been a member of eosDAC and Witness Hive Blockchain, as well as co-founder and former CTO of FoxyCart.com. For a comprehensive overview of the Fio Protocol development team, refer to the Binance Research project page: research.binance.com/en/projects/fio-protocol.
Investors
Fio Protocol is backed by Binance Labs, a leading blockchain incubator and investment firm.
Partners
Fio Protocol boasts a diverse ecosystem of partners spanning wallets, exchanges, applications, and tools, including Edge, Guarda Wallet, Scatter, TRIBE, Midas Protocol, Trust Wallet, Coinomi, Binance, BitMax, AtomicPay, Wampei, NOWPayments, and NEXO.
