Question 1

What is it?

Accepted Answer

**The Token:**
FIO, the native token of the FIO Protocol, operates as a utility token. It is used to incentivize, reward, and pay for various services within the FIO ecosystem. Given its pivotal role, FIO token underpins the operations of the FIO Protocol, ensuring smooth transactions and interaction.

**The Platform/Project:**
FIO Protocol is a decentralized platform designed to make crypto transactions more user-friendly by introducing human-readable addresses, request for payments, and other features that remove some of the complexities typically associated with cryptocurrency transactions. Instead of using long, cryptographic addresses, users of the FIO Protocol can send and receive crypto using simple, memorable FIO addresses, akin to a username or an email.

Question 2

What is it used for?

Accepted Answer

**FIO tokens are used to:**
* Compensate block producers and stand-by producers for their work in maintaining the network.
* Pay for the registration of FIO addresses and domains.
* Reward users for participating in various activities within the FIO ecosystem.
* Cover fees associated with making requests or conducting transactions on the network.

These use cases ensure a dynamic, thriving ecosystem while promoting utility and adoption of the FIO Protocol.

Question 3

Who created it?

Accepted Answer

The FIO Protocol was initially developed by Dapix Inc. The key people behind the FIO Protocol are David Gold, the Founder and CEO of Dapix Inc, and Viktor Radchenko. The protocol is now governed and structured as a DAO (decentralized autonomous organization) and is open-source..

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	FIO-USDT FIO_USDT	gateio	A	0.0₃4273USDT	10.87%	6,409,556.00FIO	210	0.0₃3854USDT	0.0₃4995USDT
2	FIO-INR FIOINR	coindcx	-	0.04145INR	3.52%	15,998,899.31FIO	525	0.04004INR	0.04979INR
3	FIO-USDT fio_usdt	xtpub	-	0.001100USDT	0.00%	0FIO	0	0.001100USDT	0.001100USDT