Arthur Hayes: Flop Labs will create a decentralized computing power network, and testnet participants will receive about 20% of the token supply

Comparing news, Arthur Hayes published the article “The Book of Genesis” to explain the core ideas and token economy design of his AI/crypto project Flop Labs with mythological narratives. He pointed out that the AI market currently lacks uniform computing power pricing standards, and the definition and pricing of “tokens” vary from model to model.

Hayes proposed the construction of Flop Network, a decentralized computing power network, using FLOP as the native token to represent direct claims for computing power (FLOPs), so that AI agents and humans can trade at a globally unified computing power unit price. The FLOP token economy uses a fair launch model, the team is self-funded, and there are no pre-sales. Miners receive FLOP block rewards and inference fees by providing “proof of useful reasoning” (PoUI) mining, and AI agents can use $FLOP to buy computing power (“food”) and obtain lasting memory (“personality”) in combination with decentralized storage. Testnet participants will receive approximately 20% of the token supply (distributed over ten years). Hayes said that if AI agent economic predictions come true, Flop Network's value may far exceed Bitcoin.