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.