BitMEX co-founder Arthur Hayes said at TOKEN2049 in Singapore that FLOP Network, an AI Agent payments project, is now running an internal development network and expects to launch a 90-day testnet in October this year. He said the project is aiming to bring its mainnet genesis block online in the first quarter of next year. During the testnet period, users who mine, validate, or simply use the network through AI Agents will be eligible for FLOP Token. Hayes also said FLOP plans to start releasing 25% of its token supply for the next 10 years through an airdrop beginning in late October, and that the project will not hold a presale. Once the mainnet is live, he said FLOP Token will only be obtainable through mining or by buying from miners. Hayes described FLOP as a native payment network for AI Agents, built around a design in which the token maps directly to the computing resources AI Agents need.
BitMEX co-founder Arthur Hayes said at TOKEN2049 in Singapore that FLOP Network, an AI Agent payments project, is currently running an internal development network and is expected to launch a 90-day testnet in October this year, with the mainnet genesis block planned for the first quarter of next year.
Testnet timeline and mainnet target
According to on-site reporting from Foresight News, Hayes said FLOP is now in the internal devnet stage. The project expects to open its testnet in October for a 90-day run, then move toward a mainnet genesis launch in Q1 next year.
Who can qualify for FLOP Token
Hayes said users who take part in mining, validation, or simply use the network through AI Agents during the testnet period will be eligible for FLOP Token.
He also said FLOP plans to begin releasing 25% of its token supply for the next 10 years through an airdrop starting in late October. The project will not conduct a presale.
How tokens will be obtained after mainnet
After the mainnet goes live, Hayes said, FLOP Token will only be available through mining or by purchasing it from miners.
Project focus
Hayes said FLOP aims to build a native payment network for AI Agents, with a core design that allows the token to correspond directly to the computing resources AI Agents require.
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