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We wanted to share a few pieces of follow-up information following the FLOW token unlock that occurred as announced on October 16. Importantly, FLOW tokens were unlocked for distribution globally without issue, another step toward further decentralization and distribution of the Flow network.

We are aware that many in the community experienced issues and delays when trying to deposit/withdraw unlocked tokens to/from certain exchanges.

Because these exchanges were still in the process of upgrading their nodes following a required mainnet update on Tuesday Oct 12, 2021 (four days before the unlock), these exchanges initiated their node updates a few days late and had to wait during the weekend for their nodes to fully sync with the network. Since their nodes weren’t synced, there were delays with deposits for the impacted exchanges that had not yet completed the upgrade in time.

These exchanges are now in the process of finishing the process, progressively enabling deposits as they complete their upgrades and syncs.

We want to thank the community for your patience and apologize for the delays being faced.

Thank you 🌊

Flow Blockchain - Official
We wanted to share a few pieces of follow-up information following the FLOW token unlock that occurred as announced on October 16. Importantly, FLOW tokens were unlocked for distribution globally without issue, another step toward further decentralization and distribution of the Flow network.

We are aware that many in the community experienced issues and delays when trying to deposit/withdraw unlocked tokens to/from certain exchanges.

Because these exchanges were still in the process of upgrading their nodes following a required mainnet update on Tuesday Oct 12, 2021 (four days before the unlock), these exchanges initiated their node updates a few days late and had to wait during the weekend for their nodes to fully sync with the network. Since their nodes weren’t synced, there were delays with deposits for the impacted exchanges that had not yet completed the upgrade in time.

These exchanges are now in the process of finishing the process, progressively enabling deposits as they complete their upgrades and syncs.

We want to thank the community for your patience and apologize for the delays being faced.

Thank you 🌊
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What Is Bitcoin?

Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.” Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. That’s by design: Core to their decentralized nature, Bitcoins aren’t backed by the government or any issuing institution, and there’s nothing to guarantee their value besides the proof baked in the heart of the system. “The reason why it’s worth money is simply because we, as people, decided it has value—same as gold,” says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.

We wanted to share a few pieces of follow-up information following the FLOW token unlock that occurred as announced on October 16. Importantly

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