Arthur Hayes: Flop will be the original currency of the AI smart economy

Arthur Hayes, a co-founder of BitMEX, stated that the AI intelligent body needed to continuously purchase computing power, store memory and carry out economic activities in the future, but that there was currently a lack of a single currency and market that would allow for direct and transparent conversion. Therefore, Flop Network plans to use Flop as the original currency of the AI smart economy and to reward miners who have done the AI reasoning task by “evidence of useful reasoning”. The project plans to use about 20 per cent of the coin supply for airdrops over the next 10 years to reward the users of the real participating network, which will not be sold at this time and is expected to go online in late October this year, and the main network is expected to go online in the first quarter of next year. Hayes also stated that the success of the project depended on whether the intelligent economy was formed and whether the AI smarts were using the Flop conversion algorithm。