Succinct (PROVE)

Tokenomics & Utility

PROVE is an ERC-20 token on Ethereum with a fixed supply of one billion tokens. Its uses are tied to the proving service: applications pay for proof requests in PROVE, and provers receive fees for completed work. A request may include a base fee and an auction-based fee. The resulting payment is divided among the prover, its stakers, and the protocol treasury under the network’s rules. (docs.succinct.xyz)

Provers stake PROVE to qualify for requests and back their promise to deliver on time. Token holders can also delegate stake to a prover and receive a share of that prover’s fees and available network incentives. Stake helps determine how many jobs a prover can handle at once. The project’s governance plan gives staked PROVE a role in future votes on network settings, while a security council initially retains authority over changes. (docs.succinct.xyz)

The foundation sets out five portions of the total token supply: 29.5% for contributors, 25% for ecosystem and research, 25% for public allocation and future incentives, 10.5% for investors, and 10% for the foundation. Investor and contributor allocations have a one-year lockup, followed by scheduled releases. These categories show how PROVE supports both the people building the technology and the participants expected to use the network. (docs.succinct.foundation)