Arthur Hayes: The Eligibility for FLOP Token Airdrop Will Depend on Users' Testnet Activity

In the cryptocurrency circle (120btc.CoM): On the 25th, Beijing time, Arthur Hayes, co-founder of BitMEX, disclosed the latest airdrop framework for the FLOP token. Compared to the earlier low threshold of only needing to follow the official X account (@flop_labs), the new rules clearly require users to leave real activity records on the testnet. Hayes pointed out that the channel for obtaining test tokens will be deployed on the Technocore.chat node, and only AI agents (AIAgent) equipped with DID keys will be allowed to access it. The official reminder states that if users only claim test tokens without generating on-chain interactions, their testnet weight will be reset to zero, making it impossible to exchange for future mainnet assets.

AI Agent Exclusive Verification Tool Launched

As the only publicly available code project from Flop Labs, Technocore.chat, deployed on GitHub, primarily provides communication and recording services for AI agents without verification. This system allows permission-restricted AI terminals to complete calls through a single HTTP GET command. In the identity authentication phase, the DID keys required to access the faucet adopt the Ed25519 encryption standard (prefixed with did:key), which serves as both the digital identity of the AI agent and the underlying address for future airdrops.

It is important to note that the official documentation has indicated that this service does not involve asset settlement, does not provide key custody, and operates independently of the main protocol. Due to its anti-replay mechanism only tracing the latest 1MiB of communication records, there may be systemic risks of request resending under high-frequency concurrent traffic.

No Investment Model Competes for a Market Value of Billions

According to the current disclosed timeline, the FLOP testnet is expected to launch in late October this year and run for about 90 days. Breaking from convention, its airdrop distribution is scheduled for the fourth quarter of this year, while the genesis block's birth is postponed to the first quarter of 2027, creating a situation where token circulation precedes the mainnet launch. In terms of distribution ratio, Hayes revealed that the airdrop scale is approximately "20% of the total supply over 10 years," but since the absolute base number is not yet determined, the specific circulation volume still has room for adjustment.

Regarding market value expectations, Hayes provided an extreme prediction: if this asset can monopolize the underlying settlement of the AI agent economy, its valuation is expected to rival or even surpass Bitcoin; otherwise, it will drop to zero. Additionally, the project will adopt an innovative consensus called "useful proof of reasoning," where miners need to execute AI reasoning tasks to obtain the underlying tokens.

Preventing Off-Exchange Private Placement Trading Scams

Currently, Flop Labs adheres to a fair issuance path without the involvement of venture capital institutions or pre-sale stages. In response to potential speculation in the off-exchange market, Hayes issued a stern warning, emphasizing that the project team has not conducted any public fundraising activities, and any channels claiming to provide private placement quotas are scams. Given that the project has not yet disclosed a white paper, the name of the underlying public chain, release model, or security audit report, capital should remain cautiously observant at this stage.

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