Arthur Hayes published an overview of the Flop Network yellow paper, describing FLOP as a blockchain and native currency designed for the agent economy. Agents use FLOP to pay miners for inference, miners run models, and validators confirm inference results and proof of work before settling rewards and block payouts. The network targets an average block time of 1 second. Initial block rewards are set at 96 FLOP, halving every 730 days for five cycles before remaining permanently at 3 FLOP. FLOP has a genesis supply of about 2.48346 billion tokens, distributed entirely through airdrops with no VC premine or auction. Initial reward allocation is 75% for miners, 10% for validators, 10% for agents, and 5% for regular stakers.