$PROVE Token What is it? How does it motivate provers?
$PROVE is the native token of the Succinct Prover Network, specifically used to pay for Proof fees, and allows provers to stake in network participation.
In simple terms: it's like 'cart currency' on Earth, used to buy tickets (pay proof fees), and can also be staked on runners (provers) to help you run proofs, with profit sharing.
Three main pillars of Token functionality:
Payments: Applications use $PROVE for proof fees.
Staking: You can stake on provers to earn rewards for their proof generation.
Governance: Future network parameters can be decided collectively by stakers.
For me, MooKing, I would first stake 1000 $PROVE, then try staking + letting the network run proofs on its own to see if there are any slashing (penalties) or similar issues before officially participating.
Would you want to first do #staking , or focus on writing Proof, which is more interesting?
#MooKing Classroom See you next time!
