Arthur Hayes

1 months agoNews Editor

Arthur Hayes says Flop Labs yellow paper repository is live, Technocore to launch multi-agent poetry contest

Arthur Hayes said on X that the Flop Labs yellow paper code repository is now live. He described it as the normative technical specification for FLOP Network, outlining the design of its verifiable inference settlement layer. Hayes also said Technocore is preparing a poetry contest that will require coordination among multiple agents. The detailed competition rules and prize information have not been released yet and, according to his post, are scheduled to be announced tomorrow. The update covers both a technical milestone tied to FLOP Network documentation and an upcoming AI-focused event under the Technocore name.

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Flop Network

1 months agoNews Editor

Flop yellow paper outlines 2.48346 billion FLOP genesis supply and five halvings over 10 years

Arthur Hayes shared the Flop Network yellow paper, labeled v0.5.0 draft, with some sections still marked as planned. The document says FLOP will launch with a genesis supply of 2.48346 billion tokens, all allocated to miners, validators, and Agent airdrops, with no VC presale or auction. Block rewards start at 96 FLOP per block and halve every 730 days through a sequence of 96, 48, 24, 12, 6, and 3, for five halvings over 10 years, after which issuance stays fixed at 3 FLOP per block. Reward distribution is set at 75% for miners, 10% for validators, 10% for Agents, and 5% for stakers, although the detailed allocation rules for the Agent and staking pools have not yet been set. The paper also says Flop Labs and the foundation will each receive a separate subsidy of 8 FLOP per block, declining on the same halving schedule and reaching zero after the fifth halving, with about 1.955 billion FLOP distributed over 10 years. On the technical side, the network uses BABE for block production, AlephBFT for finality, and a four-layer PoUI verification stack.

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Bit.Fan