🚀 $PROVE – RECEIVING INVESTMENT OF 55 MILLION USD ⭐️
🌐 $PROVE what?
Focusing on building a decentralized prover network to expand the data verification capabilities in the blockchain ecosystem. Developed by Succinct Labs.
Succinct addresses the shortage of provers (nodes specialized in creating proofs) by building a global network where proof requests are auctioned, ensuring efficiency.
Aiming to make ZK proofs more accessible, reducing the cost and time to create proofs from hours to just seconds. This supports DeFi, GameFi, and AI-on-blockchain applications, where there is a high demand for data verification but limited prover resources.
⭐️ Highlights:
✔️ Raised 55 million USD from reputable investment funds such as Paradigm, Robot Ventures (Seed $12M, Series A $43M with a valuation of $937.5M)
✔️Multi-Chain Integration: Supports Ethereum, Solana, Polygon, and layer-2s, making Succinct a "bridge" for ecosystems.
✔️Dual-Chain Architecture: Combines execution chain and consensus chain to optimize speed and security.
✔️ Partners with: Polygon, Lido, EigenLayer, Celestia, Avail, Wormhole, utilizing Succinct's ZK infrastructure for applications like rollups, oracles, DA, zkEVM.
📈 Tokenomics
➡️Total supply: 1 billion $PROVE
➡️HODLer Airdrops: 15,000,000 PROVE (1.5%)
➡️Total circulating supply at Binance listing: 195,000,000 (50%)
📈 Token functions:
• Payment for provers creating proofs
• Staking to participate in the network and ensure reliability
• Governance to adjust fees, distribute tokens
• Delegation: Users can delegate to earn rewards
✅ Create a Binance account to reduce futures fees: binance.com