Odaily Planet Daily reports that Arthur Hayes has posted that FLOP is a practical reasoning proof blockchain and native currency designed for the agent economy, where agents pay miners in FLOP for reasoning services; miners run models, and verifiers confirm the reasoning results and proof of work before settling rewards and block incentives. The project aims to transform AI reasoning compute into a tradable, verifiable, and settleable on-chain commodity. The genesis supply is approximately 2.48346 billion FLOP, with no VC pre-mine or auction. In the initial reward distribution, miners receive 75%, verifiers 10%, agents 10%, and general stakers 5%. The network’s average block time is 1 second, with an initial block reward of 96 FLOP, halving every 730 days for a total of five halvings, after which it permanently stabilizes at 3 FLOP. Becoming a miner or verifier requires staking FLOP; verifiers are responsible for confirming network state and managing network upgrades via proposals, and dishonest staking behavior will be penalized.
Arthur Hayes releases the FLOP Yellow Paper, with a total genesis supply of 248.346M.
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Summary
Arthur Hayes released the FLOP yellow paper, marking a major on-chain development in the AI + crypto space. FLOP introduces a proof-of-reasoning blockchain and token for the agent economy, aiming to tokenize AI inference power as a tradable on-chain asset. The genesis supply is 248.346 million tokens, with no pre-allocation to VCs or auctions. Rewards are distributed as follows: 75% to miners, 10% to validators, 10% to agents, and 5% to stakers. Block time is 1 second, with an initial block reward of 96 FLOP, halving every 730 days. Staking penalties apply for dishonest behavior.
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