Succinct (PROVE token) price on Binance reached 1.1 USD
PROVE, the core token of Succinct, was listed on Binance at 00:00 on 6/8. The starting price of PROVE was 0.3 USD, rising sharply by 133% to 0.6999 USD immediately after the listing. The 24-hour trading volume reached 16.64 million USDT on Binance spot.
PROVE recorded a peak of 1.1074 USD in the first minutes of trading. Previously, PROVE stabilized around 1 USD on Binance Alpha. The market capitalization reached 131 million USD.
Succinct introduced a decentralized proof network on Ethereum, integrating the PROVE token to revolutionize zero-knowledge proof applications, providing Web2 performance and Web3 verifiability.
The network operates as a two-sided market, connecting proof providers (provers) and proof requesters, unlocking potential for blockchain, cross-chain, AI, and game applications.
PROVE, an ERC-20 token with a fixed total supply of 1,000,000,000, serves as a means of payment, security mechanism, and governance tool within the Succinct network.
Requesters use PROVE to pay for proofs, while providers must stake PROVE to participate in auctions and perform proofs. The staking system ensures provider accountability, with a slashing mechanism if proofs are not completed on time.
