Succinct to Launch Succinct Prover Network Architecture and PROVE Token

On May 20th, Web3 infrastructure company Succinct plans to launch the Succinct Prover Network architecture and PROVE tokens. The network generates proofs for various applications by coordinating distributed provers. PROVE is a payment token with an initial supply of 1 billion pieces. Provers are incentivized to provide competitive prices through staking, governance and auction mechanisms. The network uses a vApp architecture, combined with off-chain auction services and on-chain settlement contracts, to provide a high-performance experience. In addition, the test network Stage2.5 version will be launched soon, supporting end-to-end deployment.