Tokenomics

PROVE is the native token of the Succinct Prover Network and faciliates payments, economic security via staking, and governance. The distribution of the token is designed to support the growth and development of the Succinct Prover Network and empower the Succinct community.

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The PROVE token is not currently live. It will launch with the Succinct Prover Network mainnet.

Property	Value
Ticker	PROVE
Supply	1,000,000,000 (fixed)
Token Type	ERC-20 on Ethereum

Token Distribution

This figure shows how the PROVE token is distributed between the various stakeholders of the Succinct ecosystem. Note that it indicates the final distribution of the token.

Category	Description	Token Allocation (%)
Public Allocation and Future Incentives	Incentives for provers, stakers and other network participants and supporters. The first PROVE Airdrop has been allocated 5%.	25%
Succinct Foundation	For operational expenses, governance support, and to ensure the sustainable development of the Succinct Foundation.	10%
Ecosystem & R&D	To support ecosystem, research and development initiatives, and to ensure ongoing support for growth of the network over the long term.	25%
Investors	Seed and Series A investors	10.5%
Contributors	Core contributors to the Succinct Network, including members of the Succinct Labs team, and future core contributors.	29.5%
Total	Total token supply	100%

Unlock Schedule

PROVE is unlocked over time according to the schedule depicted below. This figure depicts PROVE as it will be unlocked to various parties, including early supporters and core contributors, the Succinct ecosystem, the future incentives fund, and the Succinct Foundation.

Note that investors and contributors are subject to a 1-year lockup (cliff). At the 12-month mark 1/4 of the allocation will unlock, and the remaining tokens will bi-annually unlock over the next 36 months (1/8 of allocation every 6 months) over a total period of 4 years (48 months).

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