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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%

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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.

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.

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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:

• Send/receive FIO Tokens

• Trade FIO Tokens

• Stake FIO Tokens

• Wrap/un-wrap FIO Tokens