Flow (FLOW)

Phase 1: Community Sale The sale ran for a two week period (Sept 21 — Oct 2) and was structured to ensure broad distribution of participants and guarantee all users a secured allocation of tokens. The sale was capped at 10,000 Flow per user ($1k) at the same price and terms of former VC backers. The community sale token is subject to a two-year total lock up period where 50% of tokens are unlocked at the end of year one and remaining tokens unlock linearly over the 2nd year. Community Sale Stats: Over 12,500 users committed to participate in the Community Sale committing nearly $9M in funds Over 100 Countries are represented

Phase 2: Auction Auction deposits and bidding opened on Sept 24, where registered users began to submit bids over a 12-day period for 2% of the genesis block (25M Flow tokens). Phase 2 featured no purchaser caps and allowed larger participants to partake in price discovery for the remaining allocation of tokens. Auction tokens are also subject to a 1-year lock-up, where 100% of token at the end of the first year. Auction Stats: $9.5M raised $0.38 closing price per token Over 1,000 bids were submitted (700 successful bidders)