Arthur Hayes shuts down links to FLOP meme tokens, airdrop still months away

Arthur Hayes, the cofounder of the crypto exchange BitMEX, clarified to his audience on Saturday that Flop Labs has issued no token, run no pre-sale, and put out no memecoin. 

He warns that anything trading under the FLOP name today is not the genuine token. 

Is the $FLOP token trading yet?

Arthur Hayes, the cofounder of the crypto exchange platform BitMEX, clarified through posts on his X account that Flop Labs has yet to issue a memecoin or any other token. He added he will announce the airdrop himself once it begins “in a few months” and flag the mainnet when it goes live next year.

Hayes announced roughly four days before his post that he was coming out of retirement to run Flop Labs as chief executive. 

FLOP, in Hayes’s words, will function as “food for your AI agent.” It is expected to be a native currency that autonomous software would spend on computing power, inference, and memory storage. 

Under the proposed design, miners will supply compute to run AI tasks and then earn FLOP through block rewards and fees in return. Validators will check to confirm that the work is done correctly and also hold memories for AI agents.

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