Page Spec
Item | Content |
|---|---|
Page URL | /fio-token/overview |
Page Title | FIO Protocol - FIO Token Overview |
Design |
Section Content
Powering the FIO Protocol
The FIO Token is a utility token that powers the FIO Protocol and its Ecosystem.
Native token for FIO Chain.
Powers FIO Chain’s Proof of Stake (PoS) consensus mechanism and governance including Block Producer election and FIO Foundation Board election.
Used to pay all on-chain fees, including registration fees for FIO Handles and Domains.
Incentivizes Ecosystem participant to act in the best interest of the Protocol.
Stats
Maximum supply: 1,000,000,000
Current supply: 865,372,669
Circulating supply: 678,347,158
Locked: 187,025,510
Staked: 77,210,440
Price: $0.50 per FIO
Staking
To incentivize governance participation, FIO Token can be staked. 25% of every fee collected on the FIO Chain is redirected to Staking Rewards.
Current APY (based on last 30 days): 10.47%
Wrapped FIO Token on Ethereum
FIO Tokens can be wrapped (moved) to the Ethereum chain to enable trading on decentralized exchanges, such as Uniswap.
Wrapping and unwrapping (moving back to FIO Chain) is accomplished using a decentralized FIO Bridge operated by a subset of Block Producers.
Official ERC-20 contract address | |
Official Uniswap V3 Pool | https://info.uniswap.org/#/pools/0x937d916a12de773043139e79e58da8a4b93623ed |
How to wrap and unwrap FIO Tokens
Best way is to head over to the Dashboard.
Actions
FIO Dashboard
Token Distribution
FIO Token was never sold publicly or offered in an ICO. It was distributed to multiple stakeholders and early adopters and was intended to bootstrap the FIO Protocol early in its adoption journey.
Research and Education
BitDegree: FIO: The Ultimate Blockchain Usability Layer (17-October-2022)
Messari: FIO: Enabling Crypto Adoption through Usability (3-May-2022)
Xangle Credibility Rating: FIO Protocol has been rated ‘A+’, indicating that it is a solid level project (21-May-2021)
CoinMarketCap: Learn & Earn, FIO Protocol - An open-source blockchain for transferring crypto across chains (13-April-2021)
Binance: FIO Protocol (11-August-2020)
Where to get FIO Token
Same as Dashboard
Supporting FIO Token
Link to Ecosystem for specific feature:
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