Token Distribution
- Pawel Mastalerz
Page Spec
Item | Content |
|---|---|
Page URL | /token/distribution |
Page Title | FIO Protocol - Token Distribution |
Design | https://www.figma.com/file/n33HwJfIuwy068A7G0Bdpg/FIO-Website?type=design&node-id=968-11744 |
Section Content
Tokens Minted at Mainnet
The following tokens were minted at Mainnet launch and distributed as follows.
Purpose | Number of Tokens | Share of Total Supply | Restricted Voting | Subject to Lockup Period |
|---|---|---|---|---|
The FIO Foundation | 38,805,961 | 3.88% | Yes | No |
Foundation Locked Tokens | 50,000,000 | 5.00% | Yes | Yes |
Initial Listing | 2,800,000 | 0.28% | No | No |
FIO Handles Giveaways* | 90,000,000 | 9.00% | Yes | Yes |
Foundation Service Providers | 3,200,000 | 0.32% | Yes | Yes |
IP Creator's Employees** | 175,307,414 | 17.53% | Yes | Yes |
IP Creator's Investors** | 164,154,862 | 16.42% | Yes | Yes |
IP Creator's Advisors** | 10,537,724 | 1.05% | Yes | Yes |
Initial wallets integrating the FIO Protocol | 75,434,385 | 7.54% | No | Yes |
Initial Integrating Wallets (Unclaimed)*** | 38,506,000 | 3.85% | N/A | N/A |
Total | 648,746,346 | 64.87 |
|
|
* Modified via FIP-21 and FIP-23 after Mainnet launch.
** A private company built the initial source code behind the FIO Protocol. That intellectual property (IP) was sold to the non-profit FIO Foundation before Mainnet launch. The FIO Foundation open sourced that software. The original IP creator is no longer operational as a company. Some of its former employees continue as part of the ever expanding group of independent community contributors to the FIO Protocol.
*** The initial integrating wallets that did not complete their integration did not receive their allocated tokens. Unclaimed tokens totaling 38,506,000 are permanently locked and will never enter circulating supply.
Tokens Minted Over Time
The following tokens continue to be minted as follows.
Purpose | Number of Tokens | Share of Total Supply | Restricted Voting | Subject to Lockup Period | Currently Minted | Remaining to be minted |
|---|---|---|---|---|---|---|
Foundation Reserves | 181,253,654 | 18.13% | Yes | No | 170,000,000 | 11,000,000 |
New User Bounties | 125,000,000 | 12.5% | No | No | 25,000,000 | 100,000,000 |
Staking Rewards Reserves* | 25,000,000 | 2.5% | No | No | 15,000,000 | 10,000,000 |
Block Producer Reserves** | 20,000,000 | 2.00% | No | No | 20,000,000 | 0 |
Total | 341,253,654 | 34.13% |
|
| 230,000,000 | 121,000,000 |
* Modified via FIP-21 after Mainnet launch.
** Modified via FIP-23 after Mainnet launch.
Dynamic Content
Highlighted in yellow above
Before data is fetched show N/A
Content element | Endpoint | Request | Response |
|---|---|---|---|
New User Bounties → Currently Minted | Always same {
"json": true,
"code": "fio.tpid",
"scope": "fio.tpid",
"table": "bounties"
} | Use {
"rows": [
{
"tokensminted": 17818676488775010
}
],
"more": false
} | |
Staking Rewards Reserves → Currently Minted | Always same {
"json": true,
"code": "fio.staking",
"scope": "fio.staking",
"table": "staking"
} | Use {
"rows": [
{
"staked_token_pool": 83347750950853575,
"combined_token_pool": 95772768823459914,
"last_combined_token_pool": 95772768823459914,
"rewards_token_pool": 10329940311252887,
"global_srp_count": 135001178145467497,
"last_global_srp_count": 135001178145467497,
"daily_staking_rewards": 5207007839169,
"staking_rewards_reserves_minted": 6322000620777190
}
],
"more": false
}
| |
New User Bounties → Remaining to be Minted | 125,000,000 - New User Bounties → Currently Minted | ||
Staking Rewards Reserves → Remaining to be Minted | 25,000,000 - Staking Rewards Reserves → Currently Minted | ||
Total → Currently Minted | Sum all Currently Minted | ||
Total → Remaining to be Minted | Sum all Remaining to be Minted | ||
Fully Minted Token Distribution
Foundation Reserves
Until Foundation Reserves were exhausted (July 2023), 150,000 new tokens were minted and distributed to Foundation account every 24-hour period.
New User Bounties
Until exhausted, New User Bounties are paid to Wallets, exchanges and other blockchain-related application providers to temporarily increase the percentage of transaction fee paid out from 10% to 50%.
Staking Rewards Reserves
Until Staking Rewards Reserves are exhausted, if 25% of fees collected in any one day is less than 25,000 FIO, new tokens will be minted to increase the amount "reserved" for Staking Rewards to 25,000 FIO.
Block Producer Reserves
Until Block Producer Reserves were exhausted, if in any 24-hour period tokens payable to Block Producers from collected fees was less than 50,000, the difference was minted so that the minimum pool of tokens payable to Block Producers was 50,000 every day.
Lockups and Restrictions
Certain tokens were programmatically locked, which prevented them from being transferred. These tokens become unlocked on the following schedule:
Days since Mainnet | Date | Percentage of tokens unlocked |
|---|---|---|
90 | 2020-06-23 | 6.00% |
270 | 2020-12-20 | 18.80% |
450 | 2021-06-18 | 18.80% |
630 | 2021-12-15 | 18.80% |
810 | 2022-06-13 | 18.80% |
990 | 2022-12-10 | 18.80% |