Benefits & Bounties for Wallets
How Can Wallets Use and Benefit from the FIO Protocol?
- Ability to generate income from FIO integration
- Opportunity to drive new users through FIO marketing programs
- Greatly enhanced user experience
Wallet Income from FIO Integration
Wallets can earn as much as $50,000 in token payments for integrating FIO functionality (see table at end of this page)
Wallets that complete integration of FIO Address registration and ability to send and receive with FIO Addresses currently earn FIO Tokens roughly equal to $1 for each user that registers a FIO Address. And those addresses can initially be given away for free to users as described in the marketing programs below.
Technology Provider ID (TPID) Fees
10% of all FIO token fees from FIO Addresses and Domains registered inside of a wallet or exchange are credited to the wallet or exchange through their TPID.
The FIO Protocol automatically proxies the vote of FIO tokens held in self sovereign wallets to the company that build the wallet unless a user takes action to vote those tokens themselves. This combined with the various other ways described on this page that wallets obtain FIO Tokens, enables wallets with large numbers of customers holding FIO tokens the ability to potentially participate in the economics of block production either individually or by teaming up with other companies.
Select wallets that are known to have large numbers of users may be eligible for an additional airdrop of FIO Tokens upon completion of a full FIO integration.
Driving Additional Users for Wallets
FIO Address Giveaways.
Wallets that have integrated FIO Address registration and the ability to send and receive with FIO Addresses can participate in FIO Address Giveaway campaigns. In these campaigns the Foundation for Interwallet operability pays the ~$2 per FIO Address FIO Token fee on behalf of the wallet’s users for registering a FIO Address. The wallet still receives a FIO Token bounty for these free FIO Addresses.
Participation in Exchange Listing Marketing.
When the FIO Token is listed on exchanges there are often marketing activities around the listing. Some of those may require the users to obtain a FIO Enabled wallet. Once sufficiently integrated, your company’s wallet would be included on that list of wallets that users can select. In the not distant future, some exchanges will be integrating FIO into their deposit withdrawal interface and users will need a FIO enabled wallet to utilize that capability.
FIO Utilization Contests.
Once FIO Request is integrating, the Foundation will sponsor campaigns encouraging users to use the FIO Request functionality whereby, by doing so, users are entered into drawings or contests where they can win prizes that may include FIO tokens or other crypto.
Future Marketing Campaigns.
There are many additional marketing activities around registering FIO Addresses and utilizing FIO Requests that the Foundation is in process of planning. FIO enabled wallets end up being the beneficiaries of these campaigns as users must have a FIO enabled wallet to participate.
A Better User Experience Leads to More Users
Until moving tokens/coins in a decentralized manner is easy and worry free, crypto will never reach mass adoption. The FIO Protocol’s goal is to enable companies like yours to do that be solving the problems that exist between wallets, exchanges, crypto payment processing platforms, Dapps, etc. A rising tide lifts all boats.
This is Your Protocol!
The FIO Protocol was structured specifically to enable companies that provide user facing crypto solutions like wallets to benefit economically from the protocol and to be able to be involved in governance of the protocol via their FIO token vote. In addition, wallets have the ability to get even more involved in the FIO Protocol’s future by participating in various activities coordinated by the Foundation via an emerging decentralized autonomous consortia model or even serving on the Foundation Board of Directors.
FIO Integration Bundle Integration Payments
|Functionality||Dev description||User benefit||Dev effort||Value of FIO Token Payment|
|Send to FIO Address*||Simple rest API (send FIO Address and token code, get public address).||User can send crypto to other FIO Addresses.||~16 hours||$3,200|
|Register FIO Address*||Link-off to external registration site for FIO Address registration and renewal.||User can register FIO Address on external wallet-branded site and participate in FIO Address Giveaways.||~8 hours||$1,600|
|FIO Token Support*||Sending/receiving of FIO tokens and transaction history via dedicated APIs.||User can receive, hold, send FIO tokens and see history of FIO token transactions.||~32 hours||$6,400|
|Receive to FIO Address*||Assigning public addresses to FIO Address (automatic with no UI or selected by user) via dedicated APIs.||User can receive crypto sent to their FIO Address.||~40 hours||$8,000|
|FIO Request**||View, approve, reject incoming FIO Requests (including showing attached FIO Data and send FIO Data on Send in response to request) and send FIO Requests to other FIO users.||User can accept FIO Requests and respond to them and initiate FIO Requests to other users and participate in contest whereby users can win prizes funded by the Foundation for sending FIO Requests to a specified FIO Address via dedicated APIs.||~80 hours||$16,000|
|FIO Data**||Send and display FIO Data when crypto sent using FIO Address.||Cross-chain, cross-wallet memo capability for any crypto.||~24 hours||$4,800|
|FIO Domain Registration***||Registering FIO Domain (in wallet or via Link-off to external registration site).||User can register a custom FIO Domain.||~8 hours||$1,600|
|Register FIO Address on Custom Domain***||Registering FIO Address inside wallet and on custom domains.||Users can register a FIO Address on a custom FIO Domain and utilize it fro Sending and Receiving.||~32 hours||$6,400|
*Required to be able to participate in FIO Address Giveaways and Exchange marketing activities
**Required to be able to participate in FIO Address Utilization Marketing
***Required to enable users to register, trade and utilize FIO Domain Non Fungible Tokens
All Integration Compensation is Subject to Approval by the Foundation for Interwallet Operability