The network will launch with a genesis supply of approximately 2.48 billion FLOP tokens, distributed entirely via airdrops to avoid venture capital premines or public auctions. Under the proposed model, AI agents initiate requests for computing power by specifying model parameters and fees in the network's mempool. Miners accept these requests, execute the required inference, and submit proofs for validation.
In section Cryptocurrency
Arthur Hayes Details Tokenomics for AI-Focused FLOP Network
BitMEX co-founder Arthur Hayes has published technical specifications for the FLOP Network, a blockchain designed to facilitate autonomous AI agent payments. The protocol introduces a proof-of-useful-inference consensus mechanism, where miners earn rewards by performing computational tasks for AI agents rather than traditional network security operations.
Block rewards are set at 96 FLOP, with 75% allocated to miners, 10% to validators, 10% to agents, and 5% to stakers. This issuance follows a halving schedule every 730 days until reaching a permanent reward of 3 FLOP. Security is maintained through staking and slashing, where validators and miners face penalties for dishonest work or misrepresentation of inference results. The validator set is capped at 1,000 participants, with governance managed through a proposal system requiring two-thirds approval for implementation.
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