flop

Flop Labs officially announced the updated FLOP token economics draft based on community feedback. The project emphasizes that the token has no venture capital shares and no pre-sale; all tokens must be obtained through network contributions.Core data and total supply model: The total supply in the 10th year is expected to reach 18.1 billion tokens. The long-term inflation rate is maintained at 0.5% per year. The halving mechanism adopts a fixed halving cycle, with a permanent tail inflation mechanism retained after halving to continuously incentivize network participants.Token distribution ratio in the 10th year: 8.8 billion tokens for miners (48.6%), the highest distribution share, reflecting the network orientation of Proof of Useful Inference. 4.4 billion tokens for airdrop (24.3%), including 1.2 billion tokens for miners (6.6%), 1.2 billion tokens for validators (6.6%), 1.2 billion tokens for agents (6.6%), and 800 million tokens for reserves/incentives (4.4%). 2 billion tokens for the team and foundation (10.8%). 1.2 billion tokens for validators (6.5%). 1.2 billion tokens for brokers/agents (6.5%). 600 million tokens for staking rewards (3.2%).

Flop Labs CEO Arthur Hayes announced that the FLOP Network v0.5.0 yellow paper draft has been released, proposing an AI inference measurement and settlement network based on Substrate/FRAME, utilizing the BABE block production and AlephBFT finality mechanism.The project's official roadmap indicates that the FLOP testnet is planned to launch in Q4 2026, with token airdrops through participation in testing, and the mainnet target is set for Q1 2027; currently, the yellow paper remains a draft, and several parameters and mechanisms have yet to be finalized.

The Ministry of Industry and Information Technology of China released the "14th Five-Year Plan for the Development of the Information and Communication Industry," setting the national intelligent computing power target at 9800 EFLOPS by 2030. According to data from the National Bureau of Statistics, as of the end of July, the national intelligent computing scale was approximately 2450 EFLOPS (FP16), indicating that it needs to expand by about 4 times in the next four years based on this standard.The plan proposes an orderly deployment of intelligent computing clusters with tens of thousands and hundreds of thousands of cards, building inference computing power for different scenarios, and increasing the adaptation of domestic computing power chips. Currently, 52 intelligent computing facilities with more than ten thousand cards have been established nationwide. The Ministry of Industry and Information Technology disclosed that the intelligent computing power scale at the end of June was 2185 EFLOPS, a year-on-year increase of 177%. The plan uses 1590 EFLOPS in 2025 as a benchmark, aiming to reach 9800 EFLOPS by 2030, which is an expansion of about 6.2 times. During the same period, the cumulative investment target for information infrastructure in the information and communication industry is 3.8 trillion yuan, which also includes communication networks and is not all allocated for AI computing power.

Arthur Hayes released a new project FLOP white paper on social media. FLOP is a proof of useful inference (PoUI) blockchain and native currency aimed at the agent economy, where AI agents can use FLOP to pay miners for inference fees. The network adopts an architecture that combines PoUI with account-based chains, where agents submit session requests to the memory pool containing model weight hashes, maximum latency, computational load, confidentiality flags, and fees. Miners complete the inference and return proofs, which validators incorporate into blocks to complete settlements.The initial supply of FLOP is approximately 2.48346 billion tokens, all allocated for airdrops, with no VC pre-mining or auctions. The first phase of reward distribution allocates 75% to miners, 10% to validators, 10% to agents, and 5% to regular stakers. The average block time for the network is 1 second, with a roadmap goal of sub-second block times. The initial block reward is 96 FLOP, halving every 730 days, for a total of five halvings, after which it will permanently remain at 3 FLOP.The maximum number of validators is capped at 1,000, with approximately 50 rotating monthly based on verified workload and online rates. Miners and validators must stake FLOP, and malicious behavior may face penalties of up to full forfeiture and bans. Governance is conducted through FLOP improvement proposals, requiring a two-thirds approval from active validators in most cases.

Arthur Hayes-led AI agency project Flop Labs announced that it is building a GPU computing power exchange, allowing the buying and selling of computing power resources. Flop Labs pointed out that NVIDIA's quarterly data center computing power sales reached $89 billion, a year-on-year increase of 117%, but GPU pricing is still not standardized, and users need to contact suppliers directly for quotes.On Flop, AI agents purchase computing power from miners using FLOP tokens, and validators re-execute some of the completed computational work to verify the pricing basis used in the transactions.

Arthur Hayes urges users to quickly create unique DID keys for their respective agents on Technocore.chat, stating that more collaborative methods for agents will be announced next week to obtain additional $FLOP airdrop quotas.The goal is to directly link "meaningful participation" in the flop_labs ecosystem with subsequent token incentives.

Flop Labs announced the FLOP token economics draft, with no VC allocation, no presale, and airdrops aimed at miners, validators, agents, and early community participants.According to the draft chart, the total supply of tokens is expected to reach 17.2 billion in the 10th year, with a terminal year inflation rate of 0.6%; in the total supply distribution, miners account for the highest proportion at 51.2% (8.8 billion), airdrops account for 20.4% (3.5 billion, subdivided into miners, validators, agents, and reserve incentives), the team and foundation account for 11.4% (2 billion), validators and brokers/agents each account for 6.8% (1.2 billion each), and staking rewards account for 3.4% (600 million).Flop Labs stated that an AMA hosted by Arthur Hayes (CryptoHayes) will be held next week on X Spaces/YouTube to announce more details. The project team emphasized that the above token economics data is all draft and specific details may change.

Arthur Hayes posted on the X platform that the FLOP tokenomics infographic for his AI/crypto project Flop Labs will be released this week. Hayes stated that there will be an AMA on X Spaces and YouTube next week to answer questions about the tokenomics and gather feedback to improve the design.

Arthur Hayes updated on the X platform stating: The FLOP airdrop eligibility will depend on users' testnet activities. The testnet token faucet will be launched on Technocore.chat, and users will need to access it through the DID keys provided by the AI agent.Previously, Hayes revealed that the FLOP is planned for a large-scale airdrop in the fourth quarter of 2026, with an expected 20% of the total token supply to be airdropped to testnet participants, distributed over 10 years------this may be adjusted later, and the purpose of announcing this figure is to collect user feedback. The FLOP token is expected to become one of the top two tokens in the cryptocurrency market.

Arthur Hayes forwarded a detailed airdrop tutorial for his new startup Flop Network, which is divided into four steps:Generate an Ed25519 DID key pair for the AI agent, formatted as did:key:z6Mk..., which will become the agent's identity on-chain and the future airdrop receiving address;Publish the public key to the Technocore registry to allow the network to recognize the identity;The agent signs a check-in message with the private key and sends an HTTP GET request to /lobby;Finally, securely store the private key locally to claim the airdrop share during the Q4 snapshot.Arthur Hayes previously announced on the 19th that he would end his retirement and "come out" to lead Flop Labs, launching the token FLOP. He stated that FLOP will serve as "food for AI Agents," and the project will not conduct a presale or introduce VC, adopting a 100% fair distribution model aimed at creating the currency for the Agentic Economy. More details about the project will be announced later, with a large-scale airdrop expected in the fourth quarter of 2026.

Arthur Hayes recently accepted an interview on the Altcoin Daily podcast video. In the interview, Arthur revealed more details about his new startup project, Flop Network.Arthur mentioned that Flop Network is expected to airdrop 20% of the total supply over 10 years, and this number may be adjusted later. The purpose of announcing this figure is to gather feedback from everyone.

BitMEX co-founder Arthur Hayes clarified in a post that Flop Labs has not issued any tokens, there is no presale, and there is no memecoin. Currently, there is no $FLOP token.Hayes stated that he will personally inform when the airdrop starts in a few months and will provide updates when the mainnet goes live next year.

Arthur Hayes published an article "The Book of Genesis," using mythological narrative to explain the core concepts and tokenomics of his AI/crypto project Flop Labs. He pointed out that the current AI market lacks a unified pricing standard for computing power, with different models defining and pricing "tokens" differently.Hayes proposed building a decentralized computing power network Flop Network, with FLOP as the native token, representing a direct claim to computing power (FLOPs), allowing AI agents and humans to trade at a globally unified price per computing power. The FLOP token economy adopts a fair launch model, with the team self-funding and no pre-sale. Miners earn FLOP block rewards and inference fees by providing "Proof of Useful Inference" (PoUI), and AI agents can use $FLOP to purchase computing power ("food") and combine it with decentralized storage to achieve persistent memory ("personality"). Testnet participants will receive about 20% of the token supply (distributed over ten years). Hayes stated that if the AI agent economy predictions come true, the value of Flop Network could far exceed that of Bitcoin.

Arthur Hayes posted that the FLOP white paper has not yet been released because the team is still communicating with relevant stakeholders to ensure that the final solution is robust enough in terms of technical design and token economics. The team chose to announce FLOP in advance to gather more feedback.It is expected that starting next week, simple yet informative charts will be released to introduce the token economics design of FLOP.ChainCatcher previously reported that BitMEX co-founder Arthur Hayes announced his "comeback" as the head of Flop Labs, launching the token FLOP aimed at AI Agents, positioned as "fuel for AI agents."Hayes stated that FLOP will adopt a distribution model with no pre-sale, no venture capital institutions, and a 100% fair launch. The project team expects to conduct a large-scale airdrop in the fourth quarter of this year and to initiate the genesis block in the first quarter of 2027.

BitMEX co-founder Arthur Hayes announced his "comeback" as the head of Flop Labs, launching the token FLOP aimed at AI Agents, positioned as "fuel for AI agents."Hayes stated that FLOP will adopt a distribution model with no presale, no venture capital involvement, and a 100% fair launch. The project team expects to conduct a large-scale airdrop in the fourth quarter of this year and to initiate the genesis block in the first quarter of 2027.

ChainCatcher news, according to Jinshi reports, on April 10 local time, Pennsylvania Governor and Democrat Shapiro met with workers at the Port of Philadelphia, directly pointing out that President Trump’s erratic tariff policies are confusing, and such a century-high tariff has caused chaos.Shapiro stated that Pennsylvania is also working to attract industries to return, but some industries cannot return, such as the bananas beloved by Americans, which cannot be grown on a large scale in Pennsylvania and can only rely on imports. However, prices have skyrocketed due to the tariff policies of the Trump administration.