Brevis (BREV) Price

BREV is the utility and governance token of Brevis ProverNet. ProverNet is intended for applications that need verifiable computation results: a requester submits a proving task, an off-chain prover performs the computation and produces a zero-knowledge proof, and the proof is then verified on-chain. This allows on-chain contracts to verify whether a computation result satisfies the proof without repeating the full complex computation on-chain.

BREV serves three roles in ProverNet: payment for proving services, economic backing, and governance. Requesters pay fees for the proving services they need; provers accept tasks, generate proofs off-chain, and receive the relevant fees after results pass network verification and settlement. Provers must also stake BREV to demonstrate economic commitment, while token holders can participate in governance. BREV therefore connects applications' demand for proofs, provers' provision of computing power, and the network's security constraints within one settlement mechanism.

To participate as a prover, a participant must stake BREV to become eligible to take part in tasks; the stake exposes the prover to economic consequences when its service fails to meet network requirements. Ordinary holders can also delegate BREV to professional provers, which run the proving service, and participate in the resulting fee-sharing arrangement based on the proving fees those provers earn. Delegation returns are not a fixed interest rate: they come from fees earned after the delegated prover actually completes tasks and passes verification, and they can be affected by service performance, task volume, revenue-sharing rules, and possible slashing. If a prover fails to meet requirements, stake associated with delegation may also be slashed; delegation is therefore participation in the network while bearing the prover's performance risk, not simply earning interest by depositing tokens.

Yes. BREV holders can participate in ProverNet governance, exercising the participation rights conferred by the token in governance processes concerning network-related rules or parameters. Governance rights and revenue from proving services are different concepts: holding BREV does not mean that a holder owns equity in Brevis, nor does it constitute a promise of fixed fee distributions or fixed returns.

BREV has a fixed total supply of 1 billion tokens. In the allocations listed in the whitepaper, ecosystem development and community incentives together account for 65.7%; this means a substantial portion of the supply is designated for network- and community-related arrangements, but it does not mean all of those tokens become tradable at the same time. Different allocation categories follow different release paths: ecosystem- and community-related portions unlock linearly after their initial unlock, while team and investor portions first undergo a one-year lock-up period and then unlock linearly. Linear unlocking means tokens unlock gradually over the specified period rather than all becoming available at once; therefore, a fixed total supply does not mean a fixed circulating supply, which changes as each category progresses through its unlocking schedule.