Arthur Hayes has published the white paper for FLOP, describing it as a proof-of-inference blockchain and native currency built for the agent economy. In the design outlined by Hayes, agents pay miners in FLOP for inference, miners run models, and validators confirm inference results and the amount of work completed before rewards and block incentives are settled. The project is intended to turn AI inference compute into an on-chain commodity that can be bought, verified, and settled.
The paper says FLOP will launch with a genesis supply of about 2.48346 billion tokens, with no VC pre-mine and no auction. Initial reward distribution assigns 75% to miners, 10% to validators, 10% to agents, and 5% to regular stakers. The network’s average block time is set at one second, with an initial block reward of 96 FLOP. That reward is scheduled to halve once every 730 days for a total of five halvings, then remain permanently at 3 FLOP. Hayes also said miners and validators must stake FLOP, while validators will confirm network state and manage the network through improvement proposals. Dishonest staking behavior will be penalized.
Arthur Hayes has published the FLOP white paper, laying out the token’s allocation model and the network’s core operating parameters.
FLOP is framed as a proof-of-inference blockchain for the agent economy
Hayes described FLOP as a practical proof-of-inference blockchain and native currency designed for the agent economy. Under the model in the paper, agents pay miners in FLOP for inference, miners run the models, and validators confirm the inference results and the work performed before settling compensation and block rewards.
The project is designed to turn AI inference compute into an on-chain commodity that can be purchased, verified, and settled.
Genesis supply set at about 2.48346 billion, with no VC pre-mine or auction
According to the white paper, FLOP’s genesis supply is about 2.48346 billion tokens. The project does not include a VC pre-mine or an auction.
Initial reward split and halving schedule disclosed
The first-round reward allocation gives 75% to miners, 10% to validators, 10% to agents, and 5% to regular stakers.
The network’s average block time is one second. The initial block reward is 96 FLOP, and it will halve once every 730 days for five halvings in total. After that, the reward will remain permanently at 3 FLOP.
Miners and validators must stake FLOP
To become a miner or validator, participants must stake FLOP. Validators are responsible for confirming network state and managing the network through improvement proposals. Dishonest staking behavior will be subject to penalties.
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