PANews reported on December 25th that, according to an official announcement from Brevis, $BREV is the core utility and governance token of Brevis ProverNet. It is used to pay for the generation and verification fees of zero-knowledge proofs, serves as a staking and reward medium, and grants governance rights to token holders. Validators must stake BREV or accept delegations to take on tasks; violating the service agreement will result in forfeiture of staked tokens. The network will initially be deployed on Base; after migrating to the Brevis-specific rollup, $BREV will serve as the native gas token. The total token supply is 1 billion, with nearly 70% allocated to community and ecosystem incentives. Airdrop registration will be available soon. The specific allocation is as follows:
Ecosystem Development (37%): Used for ecosystem growth, R&D, strategic partnerships, initial market making, and long-term protocol expansion.
Community Incentives (32.20%): Used to reward validators, stakers, and community contributors, including initial airdrops in multiple categories.
Team (20%): Allocated to current and future Brevis core developers and contributors.
Investors (10.80%): Allocated to seed round investors.
