[Arthur Hayes Releases Flop Yellow Paper: Turning AI Inference Computing Power into an On-Chain Commodity, All Tokens Distributed via Airdrop] BlockBeats News, September 7 — Arthur Hayes released the yellow paper for his new project, FLOP, on social media. According to the introduction, FLOP is a blockchain and native currency designed for the agent economy, providing proof of useful inference. Agents use FLOP to pay miners for inference fees, thereby directly converting currency into computational power and intelligence. Simply put, FLOP aims to turn AI inference computing power into a purchasable, verifiable, and settleable on-chain commodity. AI agents pay FLOP to request inference; miners run the models; validators confirm that "the inference is roughly credible and the workload is reasonable," and then rewards and block incentives are settled. In terms of token supply, FLOP's genesis supply is approximately 2.48346 billion tokens, all distributed via airdrop, with no VC pre-mining or auctions. The initial reward allocation is as follows: 75% for miners, 10% for validators, 10% for agents, and 5% for general stakers. It is reported that the network's average block time is one second, with an initial block reward of 96 FLOP, halving every 730 days for a total of five halvings — from 96 to 48, then to 24, 12, 6, and finally 3 — after which it will remain permanently at 3 FLOP. Becoming a miner or validator requires staking FLOP tokens, and dishonest staking behavior will be penalized. Validators act as the network's guardians and manage the network through FLOP improvement proposals. [Original Link]