FIO Protocol (FIO) is a decentralized open-source solution aiming to simplify cryptocurrency transactions across blockchains. More
| Fully Diluted Valuation | $19.94M |
|---|---|
| 24H Trading Volume | $3.31M |
| 24H Low / High | $0.02 / $ 0.02 |
| Circulating Supply | 817.58 M |
| Total Supply | 1.00 B |
| Max Supply | ∞ |
| Categories | Layer 1 (L1) 2 more |
|---|---|
| Founder | David Gold |
| Website | fio.net Whitepaper |
| Socials | 7 more |
| Explorer | Bloks 1 more |
| Name | Pair | OG Score |
|---|
In the realm of cryptocurrency, FIO Protocol (FIO) stands out as a pragmatic and decentralized solution, aiming to address the intricate nature of transactions across various blockchains.
1. Streamlined Transactions with FIO Crypto Handles:
FIO Protocol introduces FIO Crypto Handles, user-friendly wallet names in the format of username@domain. These handles aim to simplify cryptocurrency transactions by replacing complex wallet addresses, minimizing the risk of human error associated with lengthy addresses on different blockchains.
2. Core Utility Token - FIO (FIO):
The native utility token, FIO (FIO), plays a central role in the FIO Protocol ecosystem. It is employed for transaction fees and governance on the native DPoS blockchain, FIO Chain, ensuring the smooth operation of the protocol.
3. Cross-Network Liquidity with Wrapped FIO (WFIO):
To facilitate cross-network liquidity, FIO introduces Wrapped FIO (WFIO), a tokenized version of the native FIO token operating on the Ethereum blockchain. Adhering to ERC-20 standards, WFIO enables decentralized and autonomous transfer of liquidity between the FIO and ETH networks.
4. Customization Options with FIO Domains:
FIO Domains offer users the flexibility to personalize their FIO Crypto Handles by incorporating a unique @domain ending (e.g., username@coinmarketcap). These domains, secured by private keys on FIO Chain, can also be wrapped on Polygon as ERC-721 tokens for trading on NFT marketplaces.
5. Efficient Payment Requests with FIO Requests:
FIO Requests mimic traditional payment platforms like PayPal and Venmo, allowing users to initiate cryptocurrency payment requests using FIO Crypto Handles. The on-chain storage of these requests, coupled with encrypted metadata, ensures secure and streamlined payment interactions.
6. Enhanced Transaction Metadata with FIO Data:
FIO Data introduces transaction metadata, supporting decentralized commerce by securely storing transaction data on-chain. Encrypted using Diffie-Hellman key exchange, this metadata adds valuable information to transactions, enhancing their utility.
7. FIO Protocol's Role in the Industry:
FIO Protocol positions itself as a facilitator rather than a competitor within the blockchain landscape. It serves as a decentralized service layer, fostering collaboration between wallets, exchanges, and crypto payment processing platforms to deliver a standardized and improved user experience.
Conclusion:
With integration into over 75 applications and a growing partner ecosystem, FIO Protocol's pragmatic approach to enhancing user experience in cryptocurrency transactions signals a step forward in simplifying and standardizing processes across diverse blockchain networks.
FIO Protocol stands out for simplifying cryptocurrency transactions through its FIO Crypto Handles, replacing complex wallet addresses with user-friendly identifiers, enhancing usability across blockchains.
FIO Protocol was founded by a team of blockchain enthusiasts and developers committed to revolutionizing the cryptocurrency user experience. Specific founder of the project is David Gold.
FIO Protocol has garnered support from a diverse group of investors and backers interested in advancing user-friendly cryptocurrency solutions. Specific supporters and investors of the project are unknown. For up-to-date investor/backer information, please visit the project's official website.
You can buy FIO Protocol (FIO) on Binance, MEXC, Gate.io, HTX, AscendEX (BitMax) cryptocurrency exchanges.
