Succinct airdrop registration will close on August 4th

ChainCatcher news, according to the official announcement, the registration for the Succinct airdrop has been launched on July 29, with a deadline of 3 AM (Beijing time) on August 4. This airdrop not only rewards community members who have actively participated in the testnet over the past six months but also recognizes open-source developers who have contributed to the fields of ZK, cryptography, and blockchain, as well as affiliated organizations of cooperation agreements, collaborators from Succinct Labs, public goods organizations, and influential figures on crypto Twitter. Users with badges are eligible to participate in this airdrop.

The official Succinct documentation page shows that the total supply of PROVE tokens is 1 billion, which will be used for payments, staking, and governance. The allocation ratio is: 25% for the public and future incentives (including 5% for the first round of airdrop), 25% for ecosystem and R&D, 29.5% for core contributors, 10.5% for investors, and 10% for foundation operations. Tokens for investors and contributors will have a one-year lock-up period, followed by a four-year linear unlock.