FIO Crypto Staking Finally Available on Moonstake – Edubourse.com

FIO (short for Interwallet Operability Foundation) was established in 2020 to make cryptocurrency transactions on any type of token or coin easier and safer.

Long, complex addresses have been replaced with user-customized FIO encryption processing, such as “user@fio”, which supports decentralized sending, receiving and payment requests (invoices, shopping carts, etc.) and the metadata encrypted on the blockchain (information on these invoices, shopping carts, etc.).

The FIO cryptocurrency protocol uses Delegated Proof of Stake (DPoS) to achieve network consensus. Block Producers (BPs) are selected by users who hold FIO tokens through on-chain voting. Anyone can register as a BP and produce blocks if they get enough votes.

FIO History and Why Moonstake Supports the Project

  • In November 2019, FIO launched its testnet, giving crypto wallets, exchanges, and payment processors the ability to fully integrate the FIO protocol ahead of the mainnet launch.
  • In March 2020, a community of over 21 block producers launched and activated the FIO protocol mainnet.
  • In July 2020, FIO launched its online store as a proof of concept for its e-commerce technology plugin.
  • In January 2021, FIO registered over 100,000 addresses worldwide.
  • In October 2021, FIO launched a $5 million integrator grant program to accelerate the integration of the FIO protocol into wallets, exchanges and DApps.
  • In November 2021, FIO launched its signature FIO NFT to protect NFTs created on any blockchain through integration with Unique.one’s NFT Marketplace.
  • In January 2022, the FIO protocol officially launched the FIO coin staking function, and at the same time set the FIO activation date to February 22, 2022, allowing early adopters to benefit from a preferential rate.

Based on these milestones, we can see that the FIO coin is a very promising token. Additionally, the FIO protocol is an innovative blockchain project with a large community and a thriving ecosystem of valuable products. This makes FIO crypto an attractive and strategic addition to the range of PoS tokens available on Moonstake, which has supported FIO staking through an official partnership since February 2022.

How FIO staking works

As with any PoS token, you can stake your idle FIO assets to earn passive income. Staking using the FIO protocol means participating in the operation of the network (block validation) by becoming an agent who selects the validators of the network.

When your FIO tokens are staked, they remain in your crypto wallet while you earn staking rewards. The staking method ensures that users will always receive positive returns – meaning they receive more FIO tokens than they staked when withdrawing.

At the same time, if token holders wish to send their currently staked assets, they must withdraw them first. Unstakes tokens are locked and unavailable for 7 days. After that, they can transfer normally like regular altcoins.

Get Rewards for FIO Crypto Staking

The rewards are provided in native FIO tokens and users must claim the rewards at the end of the staking period.

3 steps to stake FIO using the Moonstake wallet:

  1. Register your Moonstake wallet via web or mobile device (iOS/Android)
  2. Select FIO in the Wallet screen and click the Add Asset button.
  3. Visit the FIO screen to verify your pledge information. In the Staking tab, click on the “Stake” button, enter the amount to stake, then enter your wallet password and you are done.

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FIO Crypto Staking Finally Available on Moonstake – Edubourse.com


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