The PROVE Token is the original cryptoasset of the Succinct Prover Network (, which is used for various functions within its ecosystem. This Token serves as a means of payment for proof services, a staking medium to secure the network and earn rewards, as well as a tool to participate in the network's governance.



Here are some important points regarding the PROVE token:

Payment Function:
The PROVE Token is used to pay the proof generation fee ) when rollups, bridges, or DApps make proof requests to the network.

Staking:
Prover (validator) can stake PROVE tokens to participate in the proof process and earn rewards. Staking also serves as a security mechanism, where a portion of the stake can be slashed ( if the prover provides incorrect or invalid proof.

Governance:
Holders of the PROVE token can participate in decentralized decision-making related to the protocol, such as voting on protocol changes or network parameters.

Original Network Token:
PROVE is an ERC-20 token issued on Ethereum and is the native utility asset of the Succinct protocol.

Economic Mechanism:
The PROVE Token functions as the economic engine of the Succinct ecosystem, providing incentives for participants to contribute to the network.
In other words, the PROVE token not only serves as a means of transaction, but also as a key to participate in the economy and governance of the Succinct network.

Let's follow various PROVE events that have been provided at Gate:
🚀CandyDrop × Succinct )PROVE( — Trading to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
🚀Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491

🔥I have participated in the PROVE event
As proof of the screenshot below
)
TOKEN0.84%
PROVE-0.12%
MANA0.37%
View Original
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