Succinct (PROVE): The Disruptor of General-Purpose Zero-Knowledge Proofs
Succinct Network is committed to building a decentralized general-purpose zero-knowledge proof generation network, aiming to become the verifiability infrastructure for global software. Its core innovation lies in solving the cost and efficiency bottlenecks of ZK proofs, promoting the popularization of the 'cryptographic computing' paradigm.
Core Advantages and Technical Highlights of the Project:
Breakthrough 'Proving Race' Mechanism:
Users submit RISC-V programs that need proof and fees.
Distributed provers compete for proof rights through fully paid auctions, generating proofs with minimal latency and cost, earning fees.
Auctions settle on specific application chains, ensuring efficiency and fairness.
Powerful General zkVM - SP1:
Co-designed with the proving race mechanism, optimized specifically for executing RISC-V bytecode proofs.
Supports proving any deterministic program, compatible with conventional programming languages and existing software, significantly lowering the threshold for developers to use ZK, expanding application scenarios.
Innovative 'Proving Pools' Model:
Allows individuals with limited computing power (such as home miners) to join mining pools without participating in complex bidding, collectively bidding and sharing profits.
Globally distributed mining pools, no permission required, can flexibly allocate resources (such as operating in areas with low electricity costs), optimizing cost efficiency.
Effectively balances the centralization risks that may arise from specialized hardware, promoting true decentralization of the network.
Building a Verifiable Future:
Empowering Blockchain Expansion: Separate execution from verification through ZK proofs, enabling blockchains like Ethereum to achieve true infinite scalability ([Dra24]).
Entering the Era of Cryptographic Computing: Providing efficient, programmable solutions for identity authentication, compliance verification, privacy computing, and other scenarios, with enormous potential.
Performance Leap: Relying on the SP1 zkVM and continuously optimized proof system, significantly improves ZK proof efficiency (as shown in Figure 1, performance grows exponentially).
Token Economics and Key Information
Token Name: Succinct (PROVE)
Maximum Supply: 1,000,000,000 PROVE
Initial Circulation Supply (at launch): 195,000,000 PROVE (19.5%) - A relatively high initial circulation ratio requires attention.
Total HODLer Airdrop: 15,000,000 PROVE (1.5%)
Market Activity Reserve: An additional 5,000,000 PROVE (0.5%) will be used for market activities 6 months after launch.
Launch Date: August 6, 2025, 01:00 (UTC+8)
Trading Pairs: PROVE/USDT, PROVE/USDC, PROVE/BNB, PROVE/FDUSD, PROVE/TRY (with seed tags)
Contract Address:
Binance Smart Chain (BSC): 0x7DDf164CEcfddd0f992299D033B5a11279A15929
Ethereum (ETH): 0x6BEF15D938d4E72056AC92Ea4bDD0D76B1C4ad29
Participation Suggestions and Risk Warnings
📈 Action Suggestions:
BNB Holders: Be sure to stake BNB into Binance's capital preservation earning or on-chain earning products between July 9-13, as this is the only way to obtain PROVE airdrop at no cost.
Follow Project Development: In-depth research on Succinct technology, ecological progress, and token economic model release plans.
Trading Preparation: PROVE will launch at 01:00 on August 6, with deposits opening at 12:00 on August 5. Pay attention to market fluctuations during the initial listing.
Expansion Opportunities: Explore potential projects in the Succinct ecosystem and zero-knowledge proof track.
⚠️ Important Risk Warning (please read carefully):
Market Volatility: The cryptocurrency market is extremely risky, with severe price fluctuations; principal investment may be completely lost. As a newly listed token, PROVE's initial price fluctuations may be particularly significant.
Project and Technical Risks: The Succinct Network mainnet and core economic model have not yet fully launched; the actual effects of its innovative mechanisms such as the 'proving race' and 'proving pools' need to be tested in the market. Zero-knowledge proof technology is complex and faces competition and iteration risks.
Circulation and Unlocking: The initial circulation supply ratio is large (19.5%); close attention is required on subsequent token unlocking plans (such as team, advisor, and investor shares) and their impact on market supply and demand.
Seed Tag Rules: PROVE trading will be subject to Binance's seed tag rules, meaning it is considered a high-risk project; investors must meet specific conditions and confirm their understanding of the risks.
Unpredictability: Past performance does not guarantee future results. Please invest only with funds you can afford to lose.
Independent Decision Making: This article does not constitute any investment advice. Please conduct thorough research based on personal investment experience, financial situation, goals, and risk tolerance before investing, and consider consulting an independent licensed financial advisor.
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