Succinct not only simplifies technology but also organizes the entire network in an orderly manner using economic incentives. $PROVE is the core token of this system, playing multiple roles: payment, staking, governance, incentives... almost everything requires it.
For payments, you initiate a proof request using $PROVE , the system places the money in a smart contract, and whoever successfully computes the proof receives it. This is a trust substitute backed by cash guarantees.
Staking, want to become a prover (computing power provider)? You need to stake $PROVE first. When you contribute computing power, if you compute incorrectly or fail to deliver, you may lose a certain amount of $PROVE as a penalty. This makes the network safer and more reliable.
For governance voting, the tokens can also transform into voting rights. Currently, governance is led by a security committee, but in the future, it will shift to community voting to decide parameter adjustments. The more you stake, the greater your voting impact.
Additionally, there are incentives; project teams provide extra incentives for early contributors to encourage more people to participate in staking and pledging, allowing the network to launch faster.
This entire mechanism gives participants the motivation to provide computing power while having risk checks, creating an active and reliable ecosystem. The economic model is clever, but I hope to express it clearly: you use $PROVE to earn rewards and gain voting rights, making the network both lively and stable.
