Here is an overview of the Succinct project (PROVE token) — a token related to zero-knowledge proof infrastructure:

---

🔍 What is PROVE?

PROVE is an ERC‑20 token on Ethereum, created by Succinct Labs, functioning as the native token of their decentralized network of provers (Succinct Prover Network)  .

It serves three key functions in the ecosystem:

1. Payment means for generators (provers)

2. Tool for staking and securing the network

3. Voting tool, or on-chain governance 

---

🛠 Advantages and mechanisms of action

Creates a market where requesters commission the generation of ZK-proofs, and provers compete with price offers using PROVE  .

Provers must stake PROVE tokens, and their actions are subject to a slashing mechanism in case of failure to meet obligations  .

The token also provides shared governance of the network, where the community decides on economic parameters, fee structure, and issuance schedule  .

---

📊 Tokenomics and distribution

Maximum supply: 1,000,000,000 PROVE (non-inflatable)

Supply in circulation at debut: approx. 195 million (19.5%)  .

Binance "HODLer" Airdrop: 15 million PROVE (1.5% of total supply); an additional 5 million reserved for future marketing campaigns  .

The token has been deployed on both Ethereum and Binance Smart Chain (BSC) (6 million PROVE on BSC)  .

---

📅 Listing and availability

KuCoin started trading the PROVE/USDT pair on August 5, 2025, at 17:00 UTC  .

Binance plans listing parameters and HODLer Airdrop at the same time  .

---

⚠️ Warnings and risks

According to Succinct, the PROVE token is not a security or investment contract, it does not provide a share in profits or rights to dividends  .

Platforms like CoinMarketCap or CoinCarp do not yet report market data on prices or volume, indicating a fresh listing and limited liquidity  .

Due to the novelty of the project and lack of price history, the risk of speculation and difficulties in valuing the project are high.

---

✅ Summary

Aspect Information

Project Succinct Prover Network

Token PROVE – ERC‑20, max 1 billion units

Circulating supply ~195 million at launch

Role of the token Payments, staking, governance

Binance Airdrop 15 million tokens for holders

Listing Operates on KuCoin and Binance

Risks Low liquidity, lack of historical price