Will Prove be your golden shovel? -- My experience summarized after winning 10u in Gate.

🔥Crazy distribution of 200000 Prove🔥 The latest event from Gate has directly ignited Prove, with the price rising from around 1u to a peak of 1.75u. I was also fortunate enough to win 5 Prove in the "Contract Lottery Challenge, guaranteed to get 1 Prove" event, worth about 10u. Although it was just a meal of high-end pig's knuckles, it did give me something to think about.
Graham once said, "The first principle of investing is to protect your principal, and only then to seek returns." So how can we pursue stable yet low-risk returns in the high-risk market of cryptocurrencies? I believe there are two ways:
 

✨✨One way is to participate in various activities in the crypto space and take advantage of any opportunities available.✨✨
      
Currently, popular activities on Gate include CandyDrop and various regular lottery events, such as this time's Prove.
CandyDrop event, individuals with a single number can share a maximum of 100 Prove, totaling about 150u. You only need to complete a first contract trading volume of at least 5000u and a cumulative Prove contract trading volume of at least 80000u. The registration link is on the right https://www.gate.com/zh/announcements/article/46469.
       

Next is the contract lottery challenge event. New users who recharge more than 50u or any user with a contract trading volume greater than 2000u can get a chance to draw. The prize pool guarantees at least 1 Prove, with a maximum of 200 Prove, equivalent to about 300u. Everyone can click the link on the right to try their luck https://www.gate.com/announcements/article/46491. Opportunities like this, which are handed to you, must be seized; this is your first step towards obtaining stable returns.

✨✨ The second approach is not to invest blindly, chasing after highs and selling on dips. You can choose a project that you deem reliable and take the time to carefully study its fundamentals, including what it does, what its technological moat is, how the tokens are distributed, its market capitalization, and so on. Like a miner, adopt a long-term investment mindset to find your own "golden shovel." ✨✨
   
Taking the Prove token as an example, let's analyze it.

❓❓What is Prove?
    Succinct (Prove is its token) is building a decentralized prover network so that anyone can build blockchain applications and infrastructure protected by cryptographic facts (rather than trust). It provides efficient and cost-effective proof generation for applications such as Rollup, co-processors, etc., through zero-knowledge proofs.

💪💪Technical Advantages (Technical architecture see Figure 2 below):
✅The groundbreaking design of zkVM SP1 virtual machine: Traditional ZKP projects rely on complex circuit writing, while SP1 enables developers to generate proofs using a general programming framework, similar to writing ordinary smart contracts, improving efficiency by about 80%.
✅Integration of Ethereum smart contracts and zero-knowledge proof technology: SP1 achieves near real-time Ethereum proof, capable of validating real Ethereum mainnet blocks within 40 seconds, establishing a global proof of computation center.
✅ Supports multiple programming languages for development, lowering the development threshold: supports writing ZKP logic in Rust and C++.
✅Excellent cross-chain design and AI expansion use cases: The PROVE network has processed over 2 million cross-chain transaction verifications and provides on-chain verifiable computation for AI model inference (such as proving that the model has not been tampered with).
    
      
👀Business Economic Value:
The pioneering "Proof-as-a-Service" business model could become the underlying public utility of Web3.
        ✅The project has a wide range of applications in user identity authentication, copyright protection, and verifiable credit data.

📈📈Token Economic Model:
The total supply of Prove tokens is 1 billion, with an initial circulation rate of 19.5%. Tokens held by the team and early investors are subject to a 12-month cliff (cannot be unlocked), followed by a linear unlocking over 3-4 years, which avoids excessive token release impacting market liquidity. See the distribution of tokens in Figure 3 below.

✅Token Use:
--Payment Medium: All proof requesters pay the proof fee with Prove tokens.
--Staking and Ensuring Network Security: Validators must stake Prove to participate in proof requests. Failure to deliver proof on time or malicious behavior will result in the forfeiture or reduction of the staked amount, thereby ensuring network security.
-- Ecological Governance: Token holders propose and vote to decide on protocol upgrades and network parameters

✅Token Deflation Mechanism: 30% of each proof request fee is permanently destroyed, gradually reducing the annual inflation rate from an expected 8% to 3%.

    
🙋🙋Based on my analysis, my conclusion is that Prove is a promising project that can be added to the watchlist. After the launch of Phase 2.5 in August, with the introduction of hardware integration and the start of mainnet testing (gaining support from over 25,000 users), there is a possibility of a short-term price increase. In the long term, it will depend on whether it can stand out in the competition among various zero-knowledge proof projects and build its own technological moat. What do you all think? Will Prove tokens be your "golden shovel"? Feel free to leave a comment.
‍ #PROVE创作大赛#