What is Succinct (PROVE Coin)? How to operate? PROVE Token Economy and Price Forecast

Table of contents

• What is Succinct (PROVE)
• Who created Succinct (PROVE)?
• Which venture capital supports Succinct (PROVE)?
• How Succinct (PROVE) works
• SP1 zkVM and Prover networks
• OP Succinct Technology
• Cross-chain verification
• PROVE Token Economics
• Token details
• Token allocation
• Token Utility
• Potential token holders
• PROVE Token Price Forecast
• Pre-listing trading activities of PROVE tokens
• Community forecast of PROVE token price
• Why choose Succinct?

Succinct is building a decentralized network of provers that enables anyone to build blockchain applications and infrastructure protected by cryptographic facts rather than trust. Founded in San Francisco in 2022, the platform has raised $55 million from Paradigm, Robot Ventures and Bankless Ventures to provide a highly available proof-generating infrastructure for rollups, coprocessors, and other applications that use zero-knowledge proofs.

PROVE (PROVE) will be launched on Binance and Bitget. Let me briefly talk to you below

What is Succinct (PROVE)

Succinct provides a platform focused on zero-knowledge proofs, allowing users to generate proofs locally or leverage their prover network called SP1 to achieve high performance. The platform operates a decentralized network of provers—a two-way market where anyone can request proof of software verification, and hardware operators can also become provers and receive rewards.

Succinct solves scalability, privacy, and verification challenges in blockchain applications by making the creation and verification of zero-knowledge proofs efficient and accessible. SP1 zkVM enables developers to write code in standard programming languages such as Rust and automatically generate zero-knowledge proofs.

Core Innovation: Succinct unifies the proof supply chain, providing highly available proof generation infrastructure and competitive prices for rollups, coprocessors and other applications using zero-knowledge proofs without the need for developers to have cryptography expertise.

Who created Succinct (PROVE)?

Succinct was co-founded in 2022 by Uma Roy and John Guibas, bringing expertise in cryptography, systems and blockchain development.

Key Team Members:

• Uma Roy (Co-Founder and CEO): With a background in mathematics and computer science, he has studied at MIT, and has served at Google Brain, Citadel, DE Shaw and Gantry. She was listed on the Forbes 30 Elite List under 30 for her work in blockchain and cryptography, and is committed to enabling developers to use zero-knowledge proofs.
• John Guibas (Co-Founder): Focuses on building proof-based systems and advancing protocol infrastructure that can scale zero-knowledge proof in the blockchain ecosystem.
• Kshitij Kulkarni (Protocol Research Director): Developing the core architecture and encryption protocols behind Succinct.
• Matt Stam (founding engineer): contributes to the initial technical foundation and development.

The team consists of 33 members, covering multiple fields such as development, business development and marketing, mainly working in the United States. The team members have extensive experience in cryptography research and distributed computing from MIT, Google Brain, and leading hedge funds.

Which venture capital supports Succinct (PROVE)?

Succinct has raised $55 million from top venture capitalists through multiple funding rounds.

Funding details:

• Seed Round (January 2023): $12 million, valuation of $200 million, led by Paradigm
• Round A (March 2024): $43 million, valuation of $937.5 million, led by Paradigm

Major venture capital supporters:

• Paradigm (two rounds of lead investment)
• Robot Ventures
• Standard Crypto
• Bankless Ventures
• Geometry
• ZK Validator
• Gnosis VC

Famous Angel Investor:

• Sandeep Nailwal (Co-founder of Polygon)
• Elad Gill
• Sreeram Kannan (feature layer)
• Daniel Lubarov (zero polygon)
• John Adler
• Taren Chitra
• Jacob Aruk (Celestia)

How Succinct (PROVE) works

Succinct operates through core technologies to make zero-knowledge proof generation accessible and scalable:

SP1 zkVM and Prover networks

SP1 is an open source, high-performance virtual machine that converts standard Rust or C code into zero-knowledge proofs. The decentralized network runs in the form of a competitive market where the proof requests are matched to a dedicated "proverb" that are responsible for generating proofs for any software task. Multiple provers compete against each other to meet requests, thereby increasing efficiency and reducing costs while maintaining decentralization.

OP Succinct Technology

OP Succinct enables blockchain to upgrade from optimistic verification Rollup to zero-knowledge proof Rollup with minimal code changes. This technology replaces the slow fraud prevention window with instant zero-knowledge proof security and faster withdrawals.

Cross-chain verification

SP1 proves that it can be validated on Ethereum, Solana, Layer 2, web browsers and mobile platforms, providing a trustless infrastructure for cross-chain messaging, data bridges, and oracles.

You can access the platform through succinct.xyz and get comprehensive documentation on docs.succinct.xyz.

PROVE Token Economics

PROVE tokens are native practical tokens and governance tokens that support Succinct Prover Network.

Token details

Token name: PROVE

Token symbol: PROVE

Total supply: 1,000,000,000 tokens (1 billion)

Blockchain deployment: ERC-20 on Ethereum

Contract address: 0x6BEF15D938d4E72056AC92Ea4bDD0D76B1C4ad29

Initial circulation: 20% (200 million pieces)

Source-WHALESPro

Token allocation

Core Contributors: 29.46% (0% at TGE, 12-month cliff period, 48-month linear attribution)

Ecosystem and R&D: 25.00% (0% at TGE, 12-month cliff period, 36-month vest period)

Incentive: 15.00% (33.33% at TGE, 12-month cliff period, 36-month vest period)

Investors: 10.54% (0% at TGE, 12-month cliff period, 48-month linear attribution)

Foundation: 10.00% (50% at TGE, 12-month cliff period, 36-month vest period)

First release: 10.00% (TGE is 100%)

Token Utility

Payment: Compensation for proof of zero-knowledge proof

Pledge: The proofor must pledge PROVE to participate in the proof request, thus ensuring network security

Governance: Token holders propose and vote on protocol upgrades and network parameters

Cybersecurity: Supports distributed proof generation infrastructure

Delegation: Stake with the proof to receive rewards and help protect network security

Potential token holders

Airdrop allocation: 3%-5% of the planned total airdrop

Target recipients: Testnet users, developers and other Layer 2 addresses

Community size: 242,000 Twitter followers, 196,000 Discord members, more than 1,000 active conversations per day

PROVE Token Price Forecast

Pre-listing trading activities of PROVE tokens

PROVE tokens show unique features in Gate.io, Aevo and Whales Pro, reflecting a diverse trading landscape.

On the Whales Pro platform, the current price is $1.15, up 4.5% in the past 24 hours. Trading volume reached $67,640, up nearly 1,700%, with a total transaction volume of $212,951. The order book shows the highest bid price is $1.51 and the lowest bid price is $1.03.

Purchasing pressure is currently dominant with an average trading volume between 500 and 5.2K PROVE.

On the Gate.io platform, PROVE is trading at $1.282, down 11% in the past 24 hours. The highest price (H1) is USD 1.304 and the lowest price (L1) is USD 1.011. Trading volume reached US$207,400, totaling 21.31K USDT and 32.45K PROVE.

The price chart shows significant volatility but signs of a moderate recovery. The order book shows that buying interest is strong in the range of $1.25 to $1.45.

Sell order prices range from $0.75 to $444,000, indicating bullish expectations and potential selling pressure.

Aevo (perpetual contract - PERP) is currently priced at $1.7921 and remains stable for 24 hours. The highest price (H1) and lowest price (L1) are both USD 1.77.

The 5-minute chart shows that the price has risen slightly under the support of 9-cycle SMA. The current highest buying price in the order book is US$1.77 and the lowest selling price is US$2, which is relatively balanced in supply and demand.

On these three platforms, the most common price range is between $1.15 and $1.51. PROVE's overall trading sentiment tends toward a gradual upward trend, which may be driven by Binance's listing expectations.

Despite significant differences between platforms and continuous price volatility, the overall outlook still tends to be bullish—especially if the price remains above $1.15.

Community forecast of PROVE token price

The community’s forecasts for the initial and potential prices of SuccinctLabs’ PROVE tokens vary widely, indicating that their valuation differs.

According to Oriole Insights, some forecasters estimate that the starting price of PROVE is between $0.075 and $0.1, meaning its market cap is about $15 million to $20 million. This is the lowest predicted range, reflecting a conservative view of its initial valuation.

The second most popular forecast range on Oriole is $1 to $1.5. A user named Pitou said he was confident in this range and invested 1,000 PROVEs.

Other community members—Memish, Axel Bitblaze and Somehowforgotit—agree that the price of PROVE may fluctuate between $1.5 and $2 after the TGE (token generation event). This forecast is backed by FDV (full dilution valuation) estimated at USD 1.5 billion to USD 2 billion and initial circulating supply of 200 million tokens (20%).

Somehowforgotit notes that if the project's market capitalization is between $200 million and $400 million, the tokens can easily exceed the $1.5 mark.

Both Memish and Axel Bitblaze are optimistic that if the flywheel mechanism, including payment aggregation, proof-based proof generation and equity-based supply lock-in, may operate effectively in the context of ongoing demand, the price of the PROVE token could reach $5 to $6.

Somehowforgotit has a target price of $5, assuming a market cap of $1 billion and points to its long-term growth potential. Overall, the forecast ranges from cautious ($0.075 to $0.1) to extremely optimistic ($5 to $6), depending on the success of the token economic mechanism and market demand after TGE.

Why choose Succinct?

Traditional zero-knowledge proof systems face barriers to accessibility, cost and technical complexity. Succinct solves these challenges:

Experienced Leadership : Founded by Uma Roy (Forbes 30 Under 30 Elites, MIT/Google Brain Background) and John Guibas, the team has expertise from MIT, Google Brain and leading hedge funds.

Strong venture capital support: Paradigm has raised $55 million through multiple funding rounds, and Paradigm has supported successful projects such as dYdX, Optimism, Blur and Blast.

Active Community: 242K Twitter followers and 196K Discord members, with over 1,000 active conversations per day, showing strong developer and user engagement.

Developer Accessibility: SP1 zkVM enables developers to use familiar programming languages (Rust, C) without the need for cryptography expertise, reducing barriers to adopting ZK.

Real-time infrastructure: A platform adopted by projects such as Celestia, Wormhole, Lido, Avail, Near and Gnosis demonstrates the practicality of the real world.

Strategic Partnership: Integration with Polygon, Mantle, Wormhole, Avail and other major blockchain projects demonstrates ecosystem adoption.

Global influence : Website traffic comes from different regions, including Indonesia (27%), Turkey (16%), South Korea (11%) and Ukraine (10%), indicating a high international adoption rate.

Succinct democratizes zero-knowledge proof technology with accessible developer tools, decentralized infrastructure, and active community engagement of leading blockchain projects.

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