I. Succinct (PROVE): Innovator in the field of zero-knowledge proofs
Succinct Network is committed to building a decentralized general zero-knowledge proof generation network, aiming to become the underlying infrastructure for global software verifiability. The project focuses on overcoming the core bottlenecks of cost and efficiency in ZK proofs, promoting the widespread implementation and popularization of the 'cryptographic computation' paradigm.
II. Core technological advantages and innovative highlights
(1) Breakthrough 'Proving Race' mechanism
1. Users submit RISC-V programs to be proven and set fees;
2. Distributed provers compete for proving rights through fully paid auctions, completing proofs at the optimal cost and shortest delay to obtain revenue;
3. The auction is settled on an exclusive application chain, ensuring an efficient and transparent process.
(2) High-performance general zkVM — SP1
Designed in deep coordination with the proving race mechanism, specifically optimized for RISC-V bytecode execution. Supports proving for any deterministic program, seamlessly compatible with mainstream programming languages and existing software, greatly lowering the threshold for developers to use ZK technology, significantly expanding the boundaries of application scenarios.
(3) Innovative 'Proving Pools' model
Allows individuals with limited computing power (e.g., home miners) to prove without participating in complex bidding, by joining a mining pool to achieve joint bidding and revenue sharing. The mining pool adopts a globally distributed, permissionless access model, allowing flexible resource allocation (e.g., prioritizing operation in areas with low electricity costs), thus improving cost efficiency while effectively avoiding the centralization risks brought by dedicated hardware, promoting the decentralized ecological development of the network.
III. Application potential and ecological value
1. Blockchain scaling revolution: Utilizing ZK proofs to achieve separation of execution and verification, providing true infinite scalability for public chains like Ethereum;
2. Opening a new era of cryptographic computation: Providing efficient programmable solutions for identity verification, compliance checks, privacy computing, and other fields, with huge commercial potential;
3. Performance leap: Relying on SP1 zkVM and continuously iterating proof systems to achieve exponential improvement in ZK proof efficiency.
IV. Detailed explanation of the token economic model
Project Details
Token Name Succinct (PROVE)
Maximum supply 1,000,000,000 PROVE
Initial circulation 195,000,000 PROVE (19.5% share), high initial circulation requires special attention
HODLer airdrop amount 15,000,000 PROVE (1.5% share)
Market reserve 5,000,000 PROVE (0.5% share), will be used for ecological construction and market promotion six months after the listing
Listing 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 Chain (BSC): 0x7DDf164CEcfddd0f992299D033B5a11279A15929 Ethereum (ETH): 0x6BEF15D938d4E72056AC92Ea4bDD0D76B1C4ad29
V. Participation strategies and risk warnings
(1) Participation suggestions
1. BNB holders: From July 9 to July 13, must deposit BNB into Binance's capital-preserving earning or on-chain earning products, this is the only way to obtain PROVE airdrop;
2. In-depth research: Continuously monitor Succinct's technological progress, ecological layout, and token unlocking plan;
3. Trading preparation: PROVE will officially be listed on August 6 at 01:00, recharge will open on August 5 at 12:00, please be cautious of severe price fluctuations during the initial listing;
4. Ecological exploration: Focus on derivative investment opportunities within the Succinct ecosystem and the zero-knowledge proof track.
(2) Risk Warning
1. Market risks: The cryptocurrency market is highly volatile, prices can fluctuate wildly, there is a risk of losing the entire principal, especially significant during the initial listing of new coins;
2. Project risks: The Succinct Network mainnet and core economic model have not yet fully landed, the actual effectiveness of the innovative mechanisms needs market validation, and the competition in the zero-knowledge proof field is fierce with rapid technological iteration;
3. Circulation risk: A high initial circulation (19.5%) and subsequent token unlocking plans for teams and investors may have a significant impact on market supply and demand.
4. Special rules: PROVE trading is subject to Binance's seed tag rules, as a high-risk project, investors must meet specific conditions and fully confirm risks;
5. Disclaimer: This article is for information sharing only and does not constitute any investment advice. Please make decisions cautiously based on personal financial situation, investment experience, and risk tolerance, and it is recommended to consult a professional financial advisor.
Special Reminder: Cryptocurrency trading is not legally protected in mainland China, there are regulatory and compliance risks, please participate with caution.
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