In a world moving fast toward decentralization, Succinct is here to make proving things simple, fast, and secure.
What is Succinct?
Succinct ($PROVE) is a decentralized network built to create and verify zero-knowledge proofs (ZK proofs). Built by Succinct Labs, it introduces the Succinct Network—a system where anyone can generate ZK proofs quickly and at low cost.
Here’s how it works:
▫️ Proof Contests — Provers around the world compete in auctions to generate ZK proofs. The best one wins.
▫️ SP1 zkVM — A powerful virtual machine where developers can write in simple Rust code. No need to learn complex math.
▫️ Open to All — From home GPUs to big data centers, anyone can join and help power the network.
Why Does It Matter?
Succinct solves the biggest issues in zero-knowledge tech: high cost, slow speed, and centralization. It helps with:
▫️ Rollups and zkEVMs
▫️ Privacy for digital identity
▫️ Secure off-chain AI computations
▫️ Blockchain scalability
▫️ Cryptographic computing
Products You Should Know:
▫️ SP1 zkVM — Lets developers prove RISC-V programs using Rust
▫️ Succinct Network — Global marketplace where users request proofs and provers fulfill them
▫️ Used in zkEVMs, coprocessors, AI, identity, and more
Backers & Support:
Succinct raised $55 million in funding led by Paradigm. Other supporters include:
▫️ Robot Ventures
▫️ Bankless Ventures
▫️ Geometry
▫️ Experts from Polygon, Scroll, Celestia, Ellipsis Labs, and more
Token Use ($PROVE):
$PROVE is an ERC-20 token with a fixed 1B supply. It’s used to:
▫️ Pay provers for completed work
▫️ Secure the network via staking
▫️ Encourage low fees through open competition
Binance HODLer Airdrop:
Binance selected $PROVE as its 31st project for a BNB HODLer snapshot event. Users who held BNB in Simple Earn during the event window will receive PROVE rewards.
Token Unlock:
Exact unlock schedule is not public yet. Based on typical models:
▫️ Team & investors: Usually locked 1–2 years, vest over time
▫️ Airdrop tokens: Released gradually
▫️ Prover rewards: Based on activity on the network
Succinct isn’t just another crypto project. It’s building the tech that will help every app prove itself—fast, secure, and trustless. With $PROVE at the center, this is the future of verifiable software.
The trust layer of the internet is being built right now.
And Succinct is LEADING IT!!
