PANews, September 7: Arthur Hayes published a post introducing the Flop Network yellow paper. FLOP is a blockchain and native currency designed specifically for the agent economy, where agents pay miners in FLOP for inference fees; miners run models, verifiers validate the inference results and proof of work, and then settle rewards and block rewards. 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. Regarding token supply, the genesis supply of FLOP is approximately 2.48346 billion tokens, all allocated via airdrop, with no VC pre-mine or auction. The initial reward distribution is 75% to miners, 10% to verifiers, 10% to agents, and 5% to general stakers.
Arthur Hayes Releases FLOP Yellow Paper with 2.48 Billion Initial Supply
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Summary
Arthur Hayes has released the FLOP Yellow Paper for Flop Network, a blockchain designed for the agent economy. The network upgrade introduces a 1-second block time and an initial block reward of 96 FLOP, which halves every 730 days. On-chain data reveals a total initial supply of 248.346 million FLOP, fully airdropped with no pre-mining. Rewards are allocated as follows: 75% to miners, 10% to validators, 10% to agents, and 5% to stakers. The upgrade aims to enable scalable agent interactions.
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