Arthur Hayes proposes to allocate 20% of the Flop tokens to participants of the test network
2026-08-20 11:31:05
According to CoinMeta, Arthur Hayes proposes to allocate approximately 20% of the token supply of the Flop network to participants in the testnet over a period of 10 years, as part of a self-financed decentralized computing network. In an article on Substack dated August 19th, Hayes stated that the Flop network will connect AI agents seeking computing power with miners who operate internet connection hardware, using Flop as the network's payment and reward token. The proposal describes the allocation of tokens, the economic model, and the target users, but does not disclose the total supply or the allocation release rate. The market for the Flop network will be priced based on the amount of floating-point operations required by the AI workload, and miners will process requests and receive payments according to the model chosen by the customers. Hayes believes that the current AI services make price comparisons difficult, as each model has its own definition and charging method. The Flop network aims to create a unified computing service price, allowing any computer with an internet connection to become a computing provider.
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Source:Cryptonews
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