Arthur Hayes published a yellow paper on Sept. 7 describing FLOP as a proof-of-inference blockchain and native currency for the agent economy. AI agents submit inference requests containing model and compute requirements, then use FLOP to pay miners that run the requested models. Validators verify inference results and proof of work before settling rewards and block payouts. FLOP has a genesis supply of about 2.48346 billion tokens, distributed entirely through airdrops without a venture-capital pre-mine or auction. Initial rewards allocate 75% to miners, 10% each to validators and agents, and 5% to regular stakers. The network targets one-second blocks, with rewards beginning at 96 FLOP and halving every 730 days five times before remaining at 3 FLOP.