š What Is #Succinct?
Succinct is a next-gen protocol powering verifiable computation through zero-knowledge proofs (ZKPs). Itās built around a general-purpose zkVM that lets developers write provable programs in familiar languages like Rustāno cryptography PhD required.
š” Core Mission:
Make cryptographic verifiability a default feature across Web3 infrastructureābridging scalability, security, and trust-minimization.
š§ Use Cases:
- Ethereum L2 rollups
- Secure bridging
- Light clients
- On-chain AI verification
- Modular ZK integrations
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š $PROVE Token: The Engine of Succinctās Prover Network
is the native ERC-20 token of the Succinct Prover Network (SPN)āa decentralized marketplace for ZK proof generation.
š§ Utility Breakdown:
| Function | Description |
|----------------|-----------------------------------------------------------------------------|
| š° Payment | Requesters pay for ZK proofs in $PROVE |
| š”ļø Staking | Provers stake to participate in auctions and secure the network |
| š³ļø Governance | Token holders vote on emissions, staking rules, and protocol upgrades |
| š¤ Delegation | Anyone can stake $PROVE and delegate to provers to earn a share of fees |
š Tokenomics:
- Max Supply: 1B $PROVE
- Circulating Supply: ~195M
- FDV: ~$1.15B
- Top Exchanges: Binance, Bitget, Bitunix
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š§ Incentive Design
isnāt just a payment tokenāitās a coordination layer for decentralized compute:
- Provers compete in auctions to fulfill proof requests
- Delegated stakers earn passive yield by backing reliable provers
- Emissions + fees are distributed to provers, delegates, and the protocol treasury
- Governance ensures long-term sustainability and cost-efficiency