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2026-08-20 01:25

Odaily News: Arthur Hayes published an article titled "The Book of Genesis" on the X platform, using a mythological narrative to explain the core concept and token economic design of the AI and crypto project Flop Labs. The article states that test net participants will receive approximately 20% of the token supply. Hayes said that the current AI market lacks a unified standard for computing power pricing, and different models have different definitions and pricing for "tokens." He proposed building a decentralized computing power network called Flop Network, with FLOP as the native token, representing a direct claim on computing power (FLOPs), enabling AI agents and humans to trade at a globally unified unit price for computing power. The FLOP token adopts a fair launch model, with the team self-funding and no pre-sale.