Overview

As of 2024-06-18 Free FIO Handle Giveaway Buckets have 15.2M FIO Tokens remaining estimated to last 15 weeks (October 1, 2024).

Options

At discretion of Foundation

• Redirect TPID incentives from partners to Foundation

• Fund handles from liquid FIO Tokens

• All new handles are paid (default)

At discretion of BPs - Foundation can only recommend

• Lower FIO Handle registration price

  • Currently $1.60

• Reallocate existing funds

  • New User Bounties - est. 95M

  • Initial Integrating Wallets (Unclaimed) - est. 38M

• Mint new tokens

Opinions

Block Producers

• Mint new tokens not a good option

FIO Board

• Mint new tokens not a good option

• TPID rewards should only be paid to partners who integrate FIO in a way that generates long-term revenue (from bundles, domains, etc.)

• Supportive of short-term solution, likely reallocation of tokens

Recommendation

Steering Committee met on 2024-06-18 to discuss this topic and has decided the following:

• Eliminate Opera TPID rewards, unless a higher-revenue integration is developed.

• FIP-48: Reallocate Unclaimed Initial Integrating Wallets FIO Tokens to FIO Handles Giveaways.

• Recommend to BPs to lower price of new FIO Handles to $1.00 equivalent and raise new FIO Domain price to $100.00 equivalent.