FIO Protocol (FIO)

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A Decentralized Service Layer for Cryptocurrency Transactions.

  • FIO Protocol (FIO) is a decentralized service provider that aims to enable a better way of sending and receiving coins and tokens.
  • The FIO token is the native utility token of the project’s blockchain infrastructure, FIO Chain, and is used for transaction gas fees and onchain governance.
  • FIO Chain is a Delegated Proof-of-Stake (DPoS) blockchain that is designed to manage the high data-write needs of the FIO Protocol. Block Producers (BP) do not collect block rewards, nor incur any token supply inflation. Instead, BPs only get rewards from transaction fees.
  • As of the time of writing, the project has launched:
    • FIO Address: allows users to initiate onchain transactions with intelligeble identifiers such as “tom@trustwallet” or “jack@ethereum”;
    • FIO Requests: allows users to request funds from anyone using supported wallets, with in-app notifications and simple approvals;
    • FIO Data: allows encrypted metadata to be attached to any transaction.
  • 16.02% of total FIO token supply hsa been distributed to equity investors. FIO protocol raised a total of 5.70MM USD via equity sales conducted from August 2018 to August 2019.