FIO Protocol - FIO Chain Fees

Current Fees

Transactions eligible for gas-free interactions

Type

Transaction

FIO Chain Action

Bundled transactions amount

Amount if paid with FIO Tokens

FIO Handle

Burn FIO Handle

burnaddress

N/A

FIO

N/A

)

FIO Handle Mapping

Add blockchain public addresses

addaddress

N/A

FIO

N/A

)

Remove blockchain public addresses

remaddress

N/A

FIO

N/A

)

Remove all blockchain public addresses

remalladdr

N/A

FIO

N/A

)

FIO Request

New FIO Request

newfundsreq

N/A

FIO

N/A

)

Cancel FIO Request

cancelfndreq

N/A

FIO

N/A

)

Reject FIO Request

rejectfndreq

N/A

FIO

N/A

)

FIO Data

Record FIO Data

recordobt

N/A

FIO

N/A

)

NFT Signature

Add new NFT Signature

addnft

N/A

FIO

N/A

)

Remove NFT Signature

remnft

N/A

FIO

N/A

)

Remove all NFT Signatures

remallnfts

N/A

FIO

N/A

)

Staking

Stake FIO Tokens

stakefio

N/A

FIO

N/A

)

Unstake FIO Tokens

unstakefio

N/A

FIO

N/A

)

Staking

Vote on Block Producers

stakefio

N/A

FIO

N/A

)

Proxy votes to registered proxy

unstakefio

N/A

FIO

N/A

)

Transactions not eligible for gas-free interactions

Type

Transaction

FIO Chain Action

Amount if paid with FIO Tokens

FIO Token

Transfer FIO Tokens

trnsfiopubky

N/A

FIO

N/A

)

Transfer locked FIO Tokens

trnsloctoks

N/A

FIO

N/A

)

FIO Handle

regaddress

N/A

FIO

N/A

)

Add bundled transactions

addbundles

N/A

FIO

N/A

)

Transfer FIO Handle ownership

xferaddress

N/A

FIO

N/A

)

FIO Domain

regdomain

N/A

FIO

N/A

)

Renew FIO Domain

renewdomain

N/A

FIO

N/A

)

Make FIO Domain public

setdomainpub

N/A

FIO

N/A

)

Transfer FIO Domain ownership

xferdomain

N/A

FIO

N/A

)

Wrapping

Wrap FIO Tokens

wraptokens

N/A

FIO

N/A

)

Wrap FIO Domain

wrapdomain

N/A

FIO

N/A

)

Governance

regproxy

N/A

FIO

N/A

)

Unregister as a proxy

unregproxy

N/A

FIO

N/A

)

regproducer

N/A

FIO

N/A

)

Unregister as a Block Producer

unregprod

N/A

FIO

N/A

)

Advanced

msig_propose

propose

N/A

FIO

N/A

)

msig_approve

approve

N/A

FIO

N/A

)

msig_unapprove

unapprove

N/A

FIO

N/A

)

msig_cancel

cancel

N/A

FIO

N/A

)

msig_exec

exec

N/A

FIO

N/A

)

msig_invalidate

invalidate

N/A

FIO

N/A

)

auth_delete

deleteauth

N/A

FIO

N/A

)

auth_link

linkauth

N/A

FIO

N/A

)

auth_update

updateauth

N/A

FIO

N/A

)

Bundled Gas-free Transactions

• Every FIO Handle comes bundled with gas-free transactions.

• The number is set by the Block Producers and is currently 100.

• Most commonly used FIO Chain interactions can be gas-free and typically use up 1 or 2 bundled transactions. This means every FIO Handle owner has between 50 and 100 free FIO Chain interactions before they have to either pay for more bundled transaction or pay the gas fee.

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Third Party Payment of Fees

• Certain FIO Chain transactions relating to FIO Handles and Domains can be paid for by a third party.

• Specifically, anyone can register a FIO Handle or Domain for someone else, add Bundled Transaction, or renew a FIO Domain even if they do not own it.

• This allows for a much smoother user experience, where the user does not need to acquire FIO Tokens to be able to execute these transactions, but can, for example, pay someone with a credit card.

Fee Setting

FIO Chain fees are set by Block Producers (BPs) and are intended to reflect market forces and costs of running block producing infrastructure. To accommodate this:

• Each of the 21 scheduled BPs continuously submits their desired fee amount in FIO Tokens for each blockchain interaction.

• The fee is set at median of all submitted amounts.

• The continuous nature of submissions also allows the fee to by adjusted in real-time as the market value of FIO Token changes to ensure price stability as expressed in a stable coin.

• In a similar fashion BPs decide what is the amount of bundled transaction for each new FIO Handle registered.

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Fee Distribution

Fees collected on FIO Chain are distributed as follows:

Recipient

Share of fee

Block Producers - top 42 BPs, based on share of votes

36%

Block Producers - 21 active BPs scheduled when fees are distributed, divided equally

24%

Staking Reward Pool

25%

Entity facilitating transaction (TPID) or, if not provided, block producers

10%

Foundation

Although most fees are distributed within the same day, the block producer share of FIO Handle and FIO Domain registration/renewal fees are paid out over 365 days to properly incentivize block producers which will be processing bundled transactions over the full validity period.