FIO Protocol (FIO)

Project Introduction and Brief Summary:

FIO Protocol is a decentralized, open-source blockchain solution designed to improve the usability of cryptocurrency transactions across various blockchains. It aims to address the complexity and user-friendliness issues associated with traditional wallet addresses by introducing several key features:

FIO Crypto Handles: These are human-readable usernames that replace long and complex wallet addresses, simplifying sending, receiving, and requesting cryptocurrency.
Request for Payment (RFP): Users can easily request specific amounts of cryptocurrency from others using FIO Addresses.
Pay Link: Merchants can generate unique payment links that allow customers to pay directly with cryptocurrency without needing to know the recipient’s wallet address.
Service Discovery: Users can discover other users and services on the FIO network using their FIO Addresses.
Project Release Date & Token Release Date:

FIO Protocol Mainnet Launch: May 31, 2019 FIO Protocol: https://fio.net/
FIO Token Launch: March 31, 2019 FIO Protocol: https://fio.net/
Exchanges where FIO is currently listed:

Binance
Huobi Global
Gate.io
OKX
KuCoin
Competitors:

Namecoin (NMC): Market Cap: ~$44.7 Million CoinMarketCap: https://coinmarketcap.com/ – Offers human-readable domain names for Bitcoin addresses.
ENS (ENS): Market Cap: ~$534.9 Million CoinMarketCap: https://coinmarketcap.com/ – Provides a decentralized naming system for Ethereum addresses.
Handshake (HNS): Market Cap: ~$32.2 Million CoinMarketCap: https://coinmarketcap.com/ – Offers a decentralized naming system for various blockchains.
Use Cases:

Sending and receiving cryptocurrency with ease using FIO Addresses.
Requesting specific crypto payments from others using RFP.
Accepting cryptocurrency payments through Pay Links on websites or applications.
Discovering other users and services on the FIO network.
Technology:

FIO utilizes a Delegated Proof-of-Stake (DPoS) consensus mechanism.
It is built on its own blockchain, the FIO Chain.
Smart Contracts and Audits:

FIO utilizes smart contracts for various functionalities like FIO Address management, RFPs, and Pay Links.
Audit reports are available on the FIO Protocol website: FIO Protocol: https://fio.net/
Investors and Partners:

In recent news (October 26, 2023), FIO announced a partnership with crypto exchange Bitfinex to integrate FIO Addresses for users FIO Protocol: https://fio.net/
Other notable partners include Binance, Huobi, and Trust Wallet.
Amount of Money Raised during ICO/Seed Rounds:

FIO raised $150 million through a private token sale in March 2019 CoinMarketCap: https://coinmarketcap.com/
Token Distribution:

Total Supply: 1 Billion FIO
50% – Ecosystem Development Fund
30% – Team and Advisors
10% – Marketing and Operations
10% – Seed Round and Private Sale
Token Economics and Use Cases:

FIO tokens are used for:
Paying transaction fees on the FIO network.
Staking to participate in governance and earn rewards.
Accessing premium features within the FIO ecosystem.
Roadmap:

FIO’s roadmap outlines various ongoing and future development goals, including:
Integration with additional wallets and exchanges.
Expanding FIO Address adoption across different blockchain ecosystems.
Development of new features and functionalities for the FIO network.
Team Members:

The FIO Protocol team consists of experienced individuals from various backgrounds in technology, finance, and blockchain.
You can find more information about the team members on the FIO Protocol website: FIO Protocol: https://fio.net/
References:

FIO Protocol: https://fio.net/
CoinMarketCap: https://coinmarketcap.com/