No time to waste, keep working..

Another Binance Hodler Airdrop project will be listed today at 20:00: $PROVE

Succinct Protocol .

I tried to catch up with the analysis both before the listing and before the airdrops came 👇🏻

Succinct Prover Network is built on Ethereum, utilizing zero-knowledge proof infrastructure.

SP1 zkVM: Converts the logic written in Rust into a RISC-V compatible binary and transforms it into ZK proof.

There are precompiled functions like SHA-256, Keccak, Ed25519, BLS12-381. It supports recursion and proof aggregation.

It distributes incoming proof requests to provers through an auction. It can handle hundreds of requests per second like a vApp.

At the end of the auction, it sends balance updates and proof roots to Ethereum. It is not a custodial of its own funds, but a completely trustless model.

I think this part will attract you more: Each node operator participates with a GPU cluster, competing with machines like NVIDIA L4, L40, 4090. During the auction, provers place bids for the task with staked $PROVE. If they win, they receive a reward; if they lose, there is a risk of slashing.

To prevent large nodes from being dominant, there is a Sybil resistance, bidding pool, and delegation system. I know I got too technical, but tokenomics is easier :)

Total supply: 1 billion

5% testnet and early participant airdrop

25% public incentive

29.5% core contribution + ecosystem

10.5% investors. Linear unlock after 1 year of lock-up

Token utility:

Payment for ZK proof service

Prover staking & security collateral

Voting rights

This tweet is not investment advice, just a preliminary review, you know..

You are loved 💛