The BitMEX co-founder said he is “coming out of retirement” to lead Flop Labs, a project that wants AI agents to use FLOP to pay for computing, inference and memory services. Hayes said the project expects a “massive” airdrop in the fourth quarter of 2026, while Flop Network’s genesis block is targeted for the first quarter of 2027.
That leaves a basic question for potential recipients: what will they receive, and what can they do with it, before the network where FLOP is meant to be used exists?
Key Takeaways
- Flop Labs proposes FLOP as a payment asset for AI-agent computing, inference and memory services.
- Hayes says the token will have no presale or venture-capital allocation and describes the launch as “100% fair.”
- A FLOP airdrop is targeted for Q4 2026, ahead of Flop Network’s targeted Q1 2027 genesis block.
- The project has not yet published a token allocation schedule, airdrop rules, a claim process or technical documentation explaining how FLOP will work before gen...


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