#SuccinctLabs and $PROVE
What Is PROVE?
PROVE is an ERC‑20 utility and governance token running on Ethereum, powering the Succinct protocol.
The network itself is a decentralized zero‑knowledge (ZK) proof generation service, coordinating independent “provers” and requesters through a trustless, competitive framework.
What Does PROVE Do?
1. Payment: PROVE is used by applications (like rollups, bridges, DApps) to pay provers for generating ZK proofs.
2. Staking & Security: Provers stake PROVE to participate. Stakes can be slashed for misbehavior, providing economic disincentives against fraud.
3. Delegation & Governance: Users can delegate stake to provers; staked tokens become "iPROVE," enabling voting power. Governance is set to transition to full community control.
Token Supply & Market Info
Max supply: 1 billion PROVE tokens
Circulating at launch: ~195 million (19.5%)
Live price has ranged around $1.01 to $1.20, with recent volatility post-mainnet launch.
