FIO Protocol - FIO The Foundation

Our Mission

“Facilitate an adoption explosion for blockchain through a decentralized, industry standard, industry governed, cross platform, chain agnostic usability protocol.”

Foundation Charter

Manage Foundation treasury
Promote awareness and education of the FIO Protocol
Provide support to Full FIO Members in integrating the FIO Protocol
Develop tools enabling easier integration
Manage the structure and submission process as well as provide an impact statement on FIO Improvements Proposals (FIPs)
Create and fund original code enhancements for the FIO Protocol and submit them as FIPs
Fund other projects and bug bounties benefiting the ecosystem

Governance

Board of Directors

FIO Foundation is a Cayman non-profit foundation managed by a Board consisting of up to 9 members elected by FIO Token Holders.

Getting Voting Information
‍
See Current Members

Steering Committee

The Board appoints a Steering Committee which is tasked with defining and funding specific tasks to further the Foundation’s mission.
‍
See Current members

FIO Contributor Decentralized Autonomous Organization (DAO)

The Steering Committee organizes as a DAO to coordinate and fund the work.

Funding

The Foundation has received FIO Tokens at Mainnet launch of FIO Chain to seed its operations and continues to earn revenue from a variety of sources.

Revenue Stream

Description

Amount

Expiration

Foundation Reserves

At Mainnet launch 181,253,654 FIO Tokens were not minted and reserved for the Foundation to be minted and paid out at a rate of 150,000 per day. Programmatically, this limit was reached in July 2023.

Expired

Portion of every transaction

5% of every transaction is paid out to the Foundation.

5% of fee amount

Does not expire

Primary TPID Reward

The Foundation may build products or services and offer those directly to users, e.g. FIO Dashboard. When it does that, it inserts its own TPID and 10% of every transaction can be paid to the Foundation.

10% of fee amount

Does not expire

New User Bounties

Similarly to Primary TPID Rewards, if the Foundation inserts its own TPID, 40% of every transaction is paid to the Foundation.

40% of fee amount

Expires once 125M FIO Tokens are minted. For current mint count, see Token Distribution.

Staking TPID reward

Similarly to Primary TPID Rewards, if the Foundation inserts its own TPID for unstaking, 11% of staking rewards paid to users are paid to the Foundation.

11% of staking reward

Does not expire

Use of Funds

The FIO Foundation spends its treasury on the following.

• FIO Foundation Operations.

Development of proposed FIO Protocol enhancements.
Activities to build awareness and promote education about the FIO Protocol.
Business development activities to accelerate adoption of the FIO Protocol.
Corporate, general, administrative and legal expenses.

• FIO Handle Giveaways.

Promotional campaigns to pay for FIO Handle for early adopters.
Funded from special 125M FIO Handle Giveaway locked token allocation at Mainnet.

• FIO Integration Incentives.

28 companies received an integration airdrop of FIO Tokens at Mainnet launch.
The FIO Foundation may continue to offer integration incentives to additional partners at its discretion.

Explicitly Excluded Use of Funds

The Foundation will explicitly not use its treasury for the following purposes.

Voting or proxying, including voting for Block Producers, FIO Foundation Board, or any other governance vote.
Staking of FIO Tokens.

Our Mission

Governance

Funding

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