$PROVE Token Launch: Paradigm-Backed Succinct Unveils ZK Prover Network Asset


#Succinct, backed by Paradigm, plans to launch $PROVE as the native token for its #Ethereum-based zero knowledge prover network.


The network functions as a #decentralized marketplace connecting proof requester with generators, creating essential infrastructure for ZKPs.


$PROVE will serve as both a medium of exchange and a backbone for the network's security model, enabling payments and requiring validators to stake tokens as economic collateral.


Malicious provers face stake slashing, while token holders participate in governance decisions including emissions and fee structures.


Currently operating in stage 2 testnet with a 2.5 stage coming soon, Succinct Labs raised $55 million in Series A funding led by #Paradigm in 2024.

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May 20, 2025 at 11:02 AM