ChainThink reports that on September 7, Arthur Hayes published the whitepaper for his new project, FLOP, on X.
FLOP is positioned as a blockchain and native currency designed for the agent economy, where agents use FLOP to pay miners for inference services, turning AI inference compute into a tradable, verifiable, and settleable on-chain commodity.
According to the yellow paper, AI Agents pay for inference requests using FLOPs; miners run the models, and verifiers confirm the reliability and computational work of the inference before settling rewards and block bonuses.
The initial supply of FLOP is approximately 2.48346 billion tokens, all allocated via airdrop, with no pre-mining or auction for VCs. The first-phase reward distribution is 75% to miners, 10% to validators, 10% to agents, and 5% to general stakers.
The average network block time is one second, with an initial block reward of 96 FLOP, halving every 730 days for a total of five halvings: 96 → 48 → 24 → 12 → 6 → 3, after which the reward permanently remains at 3 FLOP.
To become a miner or validator, you must stake FLOP tokens; dishonest behavior will result in slashing. Validators, as guardians of the network, manage the network through FLOP improvement proposals.