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Token economics and incentive activities.
The PROVE token launched by Succinct has a total supply of 1 billion coins, with a current circulating supply of approximately 195 million coins (19.5%), a circulating market value of about 199 million USD, and an FDV of 1.02 billion USD.
Recently, the project team launched a PROVE incentive program amounting to 100,000 USD, distributing rewards through content creation and community contributions:
Top 300 creators share 70%.
All qualified participants share 20%.
Top 100 on the Square Leaderboard share an additional 10%.
The Binance Square event not only increased exposure but also helped Succinct quickly build community consensus and enhance token liquidity, which is crucial for a project like Succinct with a strong background.
Market trend: price entering a stable range.
From the price curve, PROVE peaked in mid-August and then gradually retreated, currently stabilizing around $1.0.
Short-term support level: approximately $0.9.
Key resistance level: approximately $1.2-$1.3.
Trading volume: approximately $54.78 million in 24h, accounting for 27% of market value, indicating good liquidity.
Currently, the price range indicates that the market is digesting previous profit-taking and unlocking pressures, entering a relatively stable state.
#succinct @Succinct #succinctlabs $PROVE
