According to CoinMeta, Arthur Hayes has released the white paper for their new project FLOP, aiming to convert AI computing power into on-chain commodities. The initial supply of FLOP is approximately 2.483 billion coins, all of which will be allocated through airdrops. The average block generation time is one second, with the initial block reward being 96 FLOP. This reward will be halved every 730 days, for a total of five halvings, with the rewards decreasing to 96, 48, 24, 12, 6, and 3 FLOP respectively, before finally stabilizing at 3 FLOP. Miners, validators, agent, and stakers will receive the initial distribution of these rewards.