FLO is a Nakamoto consensus cryptocurrency allowing anyone to
append metadata to the blockchain. FLO coins are needed to pay for
storage, and participants are awarded FLO in exchange for their work
securing and distributing information.
FLO is used to send payments and store data. This encourages building blockchain
applications because anyone has the ability to write data into FLO quickly and read it easily.
FLO was fairly launched in 2013 with no pre-mine or ICO, and is a community-driven,
decentralized, open-source initiative. Many decentralized applications have been built on
FLO because of the reliability of the proof-of-work network in combination with the
permissionless read and write data field called floData. FLO Website