Arthur Hayes Releases FLOP Whitepaper, Tokenizes AI Inference Compute with 2.48B Tokens All Airdropped

According to BlockBeats, Arthur Hayes released the whitepaper for FLOP on September 7, introducing an AI inference blockchain where agents pay miners for compute verification. FLOP aims to make AI inference power a purchasable, verifiable on-chain commodity—agents pay FLOP to request inference, miners run models, and validators confirm trustworthiness before settlement.

The project has a genesis supply of approximately 2.4835 billion FLOP tokens, all distributed via airdrop with no VC allocation or auctions. Initial rewards: miners 75%, validators 10%, agents 10%, and stakers 5%. The network targets one-second block times with an initial block reward of 96 FLOP, halving every 730 days five times (96→48→24→12→6→3), then perpetually remaining at 3 FLOP.