FLO Foundation: Preventing Funds From Getting Stuck In Under-funded Initiatives

We are considering how to prevent funds getting stuck in an initiative for so long that they become obsolete. For that reason we will keep an initiative open for 3 months. After that, we thought about moving the funds to the most well funded initiative, but the community raised the concern that this might not be fair.

Thus, we thought long and hard and decided that we will keep a permanent fund to update the core code of FLO. The funds from expired initiatives will be moved to fund updates to FLO core.

We think this is the most logical solution and it is in line with the FLO foundation’s mission of keeping the FLO blockchain secure.

Cheers and #GoWithTheFLO

Sincerely, The FLO Foundation