$ 0.03439
Just now
(-2.94%)
Fio protocol is a decentralized usability layer for the entire blockchain ecosystem that is integrated into existing crypto products such as wallets, exchanges, and crypto payment processors.
FIO Addresses are a single identifier that eliminates the need to see, or even know about, blockchain public addresses.
FIO Protocol offers in-app requests for funds, done in an encrypted and private manner, the ability to specify the type and amount and eliminate confusion for the sender and Attach standardized metadata to any crypto transaction, ranging from a simple note to structured data like an order card or invoice.
The FIO Protocol runs on its own dPoS blockchain – the FIO Chain. As the internal economic driver, the FIO Token is utilized to pay for all fees necessary to write data to the chain.
While the FIO Token is necessary to utilize the FIO Protocol – users do not need to directly obtain the token, as the FIO Protocol is designed for the ability to accept indirect payments. Users can potentially pay for their FIO Protocol usage through intermediaries, including through the Foundation itself, and through using various other popular cryptocurrencies.
FIO-enabled products may also choose to pay in part, or in whole, the cost of a FIO Address registration/renewal. Please check with your provider for specifics on their implementation.
Try our free FIO Protocol (FIO) portfolio tracker if you want to efficiently keep track of your FIO and other coin/token investments.