What is FLO?

FLO (FLO) is a fair-launch cryptocurrency mined using the scrypt proof-of-work algorithm. This coin stems from the initial code of Litecoin and Bitcoin but also has some enhancements. FLO is a public record that is used to create decentralized applications. Another advantage of FLO is the fast process of the transaction (40 sec). It also has a unique feature - floData. This metadata layer makes it fast and easy to read and write comments on transactions, thereby allowing FLO to leverage a range of unique applications and improvements on the blockchain.

Where did FLO come from?

Since the inception of FLO in 2013, the main goal of the development team has been to create decentralized open-source software and support the blockchain. It was done in order to make virtual space public and free for the whole world.
In the history of the FLO project evolution, 2018 was a very productive year for the development team. During this time, they were busy with the intensive internal development of the OIP (Open Index Protocol). As a decentralized data index, OIP enables digital content to be monetized on the blockchain.
Many interesting projects have been developed with OIP. One of the most captivating of them is the Alexandria browser based on FLO and OIP. It will help content creators to connect directly with users without intermediaries such as YouTube, Spotify, iTunes, etc. With this browser, creators can upload their works, set prices for them, and receive immediate payment in various currencies.

What are the advantages of FLO?

  • Fast transaction processing
  • The ability to add comments to transactions
  • The presence of a multifunctional API for the development of decentralized applications (dapps)

What are the disadvantages of FLO?

  • FLO is not widely accepted yet

How to buy FLO on SimpleSwap?

We hope this coin piqued your interest after checking it out. If you want to become an owner of FLO, we will be glad to help you with it. All you have to do is go to the SimpleSwap homepage and follow the instructions below:

  • Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
  • Select FLO in the second drop-down list. You will see the estimated amount that you will receive after the exchange.
  • Enter the Recipient's Address. FLO coin will be sent to this address. Be careful and make sure you use the correct address.
  • Check all the information you have entered. If everything is correct click the Exchange button.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.

Thank you for your attention, now you know everything you need about the FLO coin!

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