Initial tokens were distributed to multiple stakeholders to bootstrap the protocol. There was no public sale or ICO.
Tokens Minted
Tokens Minted at Mainnet
The following tokens were minted at Mainnet launch and distributed as follows.
Purpose
Number of Tokens
Share or Total Supply
Restricted Voting
Subject to Lockup Period
The FIO Foundation
38,805,961
3.88%
Yes
No
Foundation Locked Tokens
50,000,000
5.00%
Yes
Yes
Initial Listing
2,800,000
0.28%
No
No
FIO Handles Giveaways*
90,000,000
9.00%
Yes
Yes
Foundation Service Providers
3,200,000
0.32%
Yes
Yes
IP Creator's Employees**
175,307,414
17.53%
Yes
Yes
IP Creator's Investors**
164,154,862
16.42%
Yes
Yes
IP Creator's Advisors**
10,537,724
1.05%
Yes
Yes
Initial wallets integrating the FIO Protocol
75,434,385
7.54%
No
Yes
Initial Integrating Wallets (Unclaimed)***
38,506,000
3.85%
N/A
N/A
Total
648,746,346
64.87%
* Modified via FIP-21 and FIP-23 after Mainnet launch. ** A private company built the initial source code behind the FIO Protocol. That intellectual property (IP) was sold to the non-profit FIO Foundation before Mainnet launch. The FIO Foundation open sourced that software. The original IP creator is no longer operational as a company. Some of its former employees continue as part of the ever expanding group of independent community contributors to the FIO Protocol. *** The initial integrating wallets that did not complete their integration did not receive their allocated tokens. Unclaimed tokens totaling 38,506,000 are permanently locked and will never enter circulating supply.
Tokens Minted Over Time
The following tokens continue to be minted as follows.
Purpose
Number of Tokens
Share or Total Supply
Restricted Voting
Subject to Lockup Period
Currently Minted
Remaining
Foundation Reserves
181,253,654
18.13%
Yes
Yes
181,253,654
0
New User Bounties
125,000,000
12.5%
No
No
N/A
N/A
Staking Rewards Reserves*
25,000,000
2.5%
No
No
N/A
N/A
Block Producer Reserves**
20,000,000
2.00%
No
No
20,000,000
0
Total
351,253,654
35.13%
N/A
N/A
* Modified via FIP-21 after Mainnet launch. ** Modified via FIP-23 after Mainnet launch.
Fully Minted Token Distribution
Foundation Reserves
Until Foundation Reserves were exhausted (July 2023), 150,000 new tokens were minted and distributed to Foundation account every 24-hour period.
Until Staking Rewards Reserves are exhausted, if 25% of fees collected in any one day is less than 25,000 FIO, new tokens will be minted to increase the amount "reserved" for Staking Rewards to 25,000 FIO.
Block Producer Reserves
Until Block Producer Reserves were exhausted, if in any 24-hour period tokens payable to Block Producers from collected fees was less than 50,000, the difference was minted so that the minimum pool of tokens payable to Block Producers was 50,000 every day.
Lockups and Restrictions
Certain tokens were programmatically locked, which prevented them from being transferred. These tokens become unlocked on the following schedule:
