Arthur Hayes Says No FLOP Token Exists as Airdrop Nears

Maelstrom co-founder Arthur Hayes said Oct. 21 that the Flop testnet and airdrop would launch within weeks, warning that no FLOP token currently exists.

Hayes called anyone claiming a FLOP token already exists a scammer. His warning comes before the planned airdrop; he did not give a specific launch date.

The proposed network would let AI agents purchase GPU computing capacity from providers. The project previously outlined a testnet-linked airdrop of 4.4 billion FLOP, equal to 24.3% of its projected supply in year 10.

Hayes had previously said the testnet would launch within weeks. His Oct. 21 update extends that expected window to the airdrop.