The FIO Address Presale is Live!

FIO
FIO Blog
Published in
2 min readSep 5, 2019

For the last year, we’ve been busy building our technology and our membership…

And now it’s time to show you what’s next.

Today, we announce that we’ve received funding from Binance Labs, Blockwall Capital, NGC Ventures, LuneX Ventures, Access Venture Partners, Dundee Venture Capital, and First Mile Ventures to launch the FIO Protocol.

Now we turn our attention to you — the crypto community.

Starting today, you can join in the FIO Address Presale, a chance for you to reserve a FIO Address on your choice of wallet domain, and/or bid on a custom domain.

What are FIO Addresses?

FIO Addresses are your universal wallet identifier (username:domain) that serve two purposes:

  1. Enables access to all FIO Protocol features, present and future.
  2. Replaces the need to ever see, or know about, any blockchain public address in your wallet.

How does the FIO Address Presale work?

During the FIO Presale, there will be two ways that you can participate:

  1. There are many wallets that are participating in the FIO Presale, which means that you can reserve a username on their wallet domain (e.g. bob:coinomi, alice:shapeshift, etc.).
  2. You can also participate in an auction for a custom domain (e.g. :gold, :smith, etc.).

Why should I get involved now?

There are several benefits to being involved now, prior to mainnet launch:

  1. Ensure that you get a personally meaningful FIO Address or Domain before anyone else does.
  2. FIO Addresses are being sold at a >50% discount during the Presale, which will pay for the first year of use AFTER mainnet launch.
  3. Support the development of the FIO Protocol AND your favorite wallet!

What else do I have to know?

  • Registration to the Presale site is anonymous by default. We’re not asking for email addresses (although this is optional), names, or phone numbers. Contact information is really only necessary if you need support (such as a forgotten password), but otherwise, we don’t need to know.
  • Domain bids require a 1% deposit. That means a 100 USDC bid will require you to put down a deposit of 1 USDC. This deposit is credited back to you if you get outbid to be reused on the site, and you’ll have the pay the difference when you actually win the domain.
  • Unused credits will be redeemable in a few ways: At the end of the Presale — you will be given the choice of either redeeming remaining funds for a gift card, or to donate the rest to a crypto-related charity (details on the FIO Presale site).

The FIO Presale is only running for a short period of time — get started today at https://addresses.fio.foundation

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