Price for today
0,038 USD -6,46%
0,00000040 BTC -6,46%
Name: FIO Protocol
Symbol: FIO
Circulating supply: 0 $
Max supply: 0 $
Price: 0,03816 $
Volume 24h: 1552306 $
Market Cap: 30.554 M $
Percent change 24h: -6,5 %
The FIO project is a cutting-edge service provider powered by blockchain which connects cryptographic products such as wallets, SSO, payment systems, as well as all other apps where virtual assets are kept and managed. The FIO platform can not be considered as a simple wallet. Instead, it incorporates available applications as an additional level which provides an advanced experience for digital tokens and virtual coins. Moreover, it ensures the existence of data and transaction confirmations on all included blockchains. The FIO platform does not clash, cooperate, or conflict with any other blockchain. Nor does it participate in sending transactions to or from additional blockchains. In other words, involved blockchains are unfamiliar with the functioning of the protocol.
Many modern blockchain projects are aimed to create solutions that will improve and ease the usability of DEX platforms. FIO protocol is one such project. Here you will find its main features and characteristics.
The project was released in July 2020. FIO protocol is a decentralized network aimed to serve ecosystems of various wallets, cryptocurrency exchanges, and other blockchain services. It is important to note that the FIO protocol does not interfere with the internal processes of other blockchains.
The fact is that new functions can be implemented only on condition when the validator nodes, which are responsible for the network's operability and the extraction of new blocks, are approved. In other words, FIO is a consortium that includes several blockchain projects.
FIO is based on the Delegated Proof-of-Stake (DPoS) protocol. It is good at increasing network scalability.
The FIO token of the same name is the internal currency in the ecosystem. You can use it to pay commissions. But to use the ecosystem, it is not necessary to buy FIO tokens — the network accepts indirect payments as well. Besides, there is an opportunity to pay for the services of the FIO protocol through intermediaries: other digital coins or the Fund.
You can learn FIO price today by looking at the live data chart on the Godex exchange. Here you can track the current FIO coin price as well as follow the rate changes in real-time.
The FIO price chart is as informative as possible; with its help, even beginners can understand what is happening in the market. Each candlestick indicates a certain period, and if it is red, it means that the stock price FIO is decreasing; if it is green, it is increasing. You can also notice four letters “O,” “H,” “L,” and “C,” which stand for “open,” “high,” “low,” and “close.”
The first price of FIO was fixed at the end of July 2020; at that time, it was $0.1496. Further, within a month, the token rate rose to $0.3662, which was followed by a rollback to $0.06.
At the beginning of 2021, when the entire market grew, the FIO rate grew too: on April 6, 2021, an all-time-high of $0.5691 was recorded. Then a correction followed, and the FIO coin rate fell to around $0.2.
Take a closer look at the chart, and you will see that the coin rate repeated the general movement of the market: when it grew, the rate moved up and vice versa. Thus, its rate strongly depends on the entire market movement. The future of the project will depend on the further success of the development team and new members joining the consortium.
FIO coin is traded on several (CEX) centralized exchanges (Binance, WhiteBIT, HotBit, Liquid, etc.). The highest liquidity is, of course, on Binance. However, it is essential to understand that when working with CEX, you sacrifice your anonymity, and you are only a nominal owner of the coins.
Godex decentralized exchange does not require registration, and it takes a few minutes to swap coins. Just follow these steps:
The interface of the Godex exchange is made in a very user-friendly way so that even a beginner crypto enthusiast would not get lost.
Mining in its traditional way with the use of computing equipment is not available for this coin since the FIO protocol supports the Proof of Stake consensus. That is, to create new coins, you need to possess tokens. It is called staking.
If you want to convert cryptocurrencies quickly, profitably, and, above all else, anonymously, then it is better to use the Godex service. After receiving new FIO coins on staking, it is best to convert them to BTC, ETH, etc., using the Godex platform.
The technology that underlies FIO crypto is unique, and it can work with a tremendous amount of different blockchains. These can be decentralized public networks and various private organizations that want to implement blockchain in their activities.
The developers are eager to provide a more convenient method for sending and receiving digital coins. The FIO protocol is aimed at solving several existing inconveniences that occur when sending cryptocurrencies.
In simple words, the protocol is a service layer for the entire ecosystem. It can be compared to the HTTP protocol, which completely changed the development of the Internet at the time and provided the lacking usability.
The uniqueness of the FIO protocol is in creating cryptocurrency wallet identifiers that are convenient to use. Instead of typing many incomprehensible characters, FIO has a logical address form — username@domain.
This project is intended to unite different blockchains and projects. That is, it is a global consortium and not just another cryptocurrency.
The maximum total number of FIOs is 1,000,000,000. Each token can be cut into 1,000,000,000 smallest units of FIO. To date, about 34% of the total emission is in circulation.
The consortium is actively developing and entering into new partnerships. Compared to its direct competitors, Unstoppable Domains and the Ethereum Name Service, FIO offers a higher level of security and anonymity.
