Hayes Proposes Allocating 20% of Flop Network's FLOP Supply
Arthur Hayes has proposed allocating roughly 20% of Flop Network's FLOP token supply to testnet participants over 10 years as part of a decentralized computing network for artificial intelligence agents.
The network, which would connect AI agents seeking computing power with miners operating internet-connected hardware, uses FLOP as its payment and reward token. Hayes said the token launch would follow a fair-start model, with no presale needed because he had funded the development team himself.
Flop Network's proposed market would price AI workloads according to the number of floating-point operations, or FLOPs, required within a defined period. Miners would process requests using a model selected by the customer and receive payment in the network's native token.