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FLOP announces its network for AI agents to procure computing resources, a novel technology development.
The network "FLOP," which allows AI agents to autonomously procure computing resources, is gaining attention. The developer, Flop Labs, is led by Arthur Hayes, co-founder of BitMEX, who describes FLOP as "food for AI agents." On September 7, the technical specifications and tokenomics were released. The initial supply of FLOP tokens is approximately 2.48346 billion, with no pre-mine for VCs or token sale; distribution will be via airdrop. The block reward starts at 96 FLOP, halving every 730 days, and after five halvings, it will permanently remain at 3 FLOP. The reward allocation is 75% to miners, 10% to validators, 10% to AI agents, and 5% to general stakers, employing a unique consensus mechanism called "Proof of Useful Inference." The testnet and airdrop are targeted for Q4 2026, with the mainnet targeted for Q1 2027.
FLOP announces its network for AI agents to procure computing resources, a novel technology development.