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Current Marketing & Biz Dev Flow

Outbound sales efforts

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Financial incentive offered to wallets and exchanges to integrate the FIO Protocol

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Wallets and exchanges integrate and create their user’s FIO experience based on their own best practices belief (no substantial case study for best practices exists)

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Educational and promotional marketing activities kick in

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FIO is largely at the mercy of the wallet or exchange to engage and educate their users to adopt FIO

1st: Register an address → 2nd: Use the address

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End users register their own FIO Address(es) for “free” → devalues perceptually renders a FIO Address worth little-to-nothing from the start

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Results so far: slow progress, but steady, and requiring a TON of effort

Users are registering addresses, but nowhere near at the rate FIO needs. There’s little motivation for users to take the time to educate themselves on how to register an address, why they should register an address, the benefits of using their address and zero tangible motivation to tell their crypto friends to go through this same process OR create market demand for exchanges and wallets to integrate.

FIO’s market adoption model is heavily reliant on wallets and exchanges to be the driving force behind it’s adoption

🥵🥵🥵

So far… it’s not working well-enough and market demand is marginal.

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What if… instead of the Wallets & Exchanges driving FIO’s adoption, the end users were the ones driving the demand? What if our restraints were not seen as what is holding us back, but instead seen as our greatest leverage?

People rarely do anything unless there is a clear benefit to them to do so. The most straightforward way to motivate someone to take a specific action is to financially incentivize them to do so. However, this is extremely expensive to do (particularly for FIO to overcome the educational hurdle), not reliably sustainable and is extrinsically motivated. Not only that, but it makes performing a certain said task transactional (i.e. registering an address) transactional, meaning there is little real meaning to the action.

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However, if we are to agree that these theories are rooted in truth and thus continue to think critically about them in relation to FIO, we would then further agree that FIO has nominal influence over the ability to help the market feel either the pain of not using FIO and/or the joy of using FIO.

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Today, digital assets, such as NFT’s and custom skins in MMO games such as Roblox are extraordinarily popular, making these markets alone a multi-billion dollar global market and set to nearly double in four more short years. But, why are people around the world spending billions of dollars on things they will never be able to hold, touch and see in the “real world”? Sure, fancy marketing gimmicks don’t hurt, but beneath even that what is driving the explosive value and demand is little more than social and psychological value – meaning users perceive that having an association with these things will improve their online social status .– even when they’re anonymous!

These digital items have varying levels of exclusivity to them and thus perceived social and psychological value. This is in stark contrast to FIO’s current market adoption strategy in which FIO is pleading with users to register an address. We do this because we believe in it so much that we are willing to do nearly anything to get as many people as possible to experience FIO. The intention is noble but the results deserve to be evaluated.

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In order for FIO to successfully flip its current market adoption strategy square on its head, we will need to “turn off the free address faucet” and build-in exclusivity. If a user wants to be able to register their own FIO Address, they will need to join a waitlist. Robinhood and Clubhouse are great examples of this strategy’s success for driving user-generated demand. In FIO’s case, the closer to the top of the waitlist, the better the user’s chances are of being able to register the username they prefer most.

Pulling from the Clubhouse model, my vision is to create a mechanism that allows users to jump to the front of the line by being invited by one of their friends. For this to work best, users should be automatically equipped with a small fixed number of invites (1 or 2) for them to dole out on social media and text message to get their friends to the front of the line and “in the club” with them also. Once a user is officially part of the #FIOfam (meaning they have registered their own address), then they will then earn more invites based on their engagement with the protocol.

In this scenario, I envision FIO to run this through the DApp and by allowing users to register a username at a single and specific domain, @crypto. such as @crypto – it must be the coolest/best domain for this to work! In the DApp environment, there should be a simple interface that lets the user have their own public or private profile and displays information such as the date they registered and the number of users they successfully recruited to register an address, and this could also yield exciting marketing opportunities for friendly competition competitions and really cool giveaways. In this environment the user must also be able to easily buy more addresses and perhaps gift addresses (via purchasing for another person) down in the roadfuture.

Once this spark begins to catch fire enough (most likely 34-6 months), FIO could work with different token projects to allow them to be able to have their biggest fans have register a vanity wallet handle using their token shortcode. For example: kaitie@ADA, kaitie@LINK, kaitie@DOT, etc.

In this scenario, FIO is now placing these top crypto projects into a position to also drive integration demand onto the be an important driving force to add pressure onto exchanges and wallets to integrate whereas this is currently does not a exist as part of the market adoption and business development strategy at all.

As the market begins to adopt FIO at a much greater pace, users will be putting pressure and demand onto their wallets and exchanges to integrate FIO so they can use it. Remember, the more they use it, the more they climb the crypto social status ladder.

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Rethinking What’s Possible

Users signal interest to get an exclusive and unique FIO Address by joining the growing FIO Waitlist or accepting a friend’s invitation to register

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User registers Users register and invites invite their friends in a an ultra-simple and turn-key way

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User maybe buys Some users purchase and register more FIO Addresses in the DApp before virality gets too big and addresses get taken

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Buzz is generating increasingly more and more each day (increasing awareness and desire)

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FIO is perceived to have (more) value due to the exclusivity of having a FIO Address

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Users are educating themselves about FIO due to their FOMO interest to get the “best” FIO Address before someone else does

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Users are socially, emotionally and psychologically motivated to use their FIO Address to gain crypto social leverage through garnering more invites and “braggable” status

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Users begin creating demand on exchanges and wallets to integrate

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One at a time, FIO slowly begins to work with Top 20 projects to allow users to register a FIO Address with their favorite project from within the FIO DApp

*think of how crypto twitter virtue signals with the “$ADA” in their profile, but now they virtue signal with their FIO Address “kaitie@ADA”

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“Selling” becomes more “fielding”. Wallet naming becomes a higher priority + FIO has all of the data to support why the decision makes fiscal sense.

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A FIO utopian dream…?

Or an opportunity for the taking…?

🌛🌝🌜

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