TL;DR
- Idea: Decentralized marketplace for ZK-proof generation leveraging continuous auctions to coordinate off-chain computation and on-chain verification.
- Catalyst: Recent mainnet launch, token listing on multiple exchanges, and proven technology with 250M+ proofs processed for major partners.
- Risks: New token with pre-market volatility, competition in ZK and DePIN space, reliant on prover adoption and full token utility launching post-beta.
- Score: 8.00/ 10
Coin
- Name/ Ticker: Brevis (BREV)
- Segment: Infrastructure/DePIN
- Status: active
- Price: $0.446500
Key Metrics
- Market Cap: $110 910 152
- FDV: $443 640 608
- Circulating Supply: 250 000 000
- Total Supply: 1 000 000 000
Sources
Technology
- USP: First decentralized ZK-proof marketplace (ProverNet) enabling scalable, permissionless off-chain computation via continuous auctions (TODA).
- Core Technology: ProverNet employs a Truthful Online Double Auction to match proof jobs with provers; supports zkVM execution and recursive proof aggregation for efficient ZK-proof generation.
Roadmap
- 2025-06-30: Testnet deployment
- 2025-11-17: ProverNet whitepaper published
- 2025-12-08: ProverNet mainnet beta launch
- 2026-01-06: Full mainnet launch and BREV token go-live
- 2026-12-31: Feature rollouts: staking, native payments, governance
Team & Investors
Team
- Co-founder & CEO — Michael Tung: Ph.D. Computer Science UIUC; co-founded Celer Network; research adopted by Google
- Co-founder & CTO — Dr. Mo Dong: Ph.D. Computer Science UIUC; risk partner at IOSG Ventures; former Celer Network co-founder
- Chief Science Officer — Alan Li: Founded AI for Science startup; published in Nature and Cell; developed Pico Prism achieving 99.6% coverage
Investors
- Polychain Capital — seed • 2024-11-11
- Binance Labs — seed • 2024-11-11
- IOSG Ventures — seed • 2024-11-11
- Nomad Capital — seed • 2024-11-11
- Bankless Ventures — seed • 2024-11-11
- HashKey — seed • 2024-11-11
Total funding: $7.50M
Tokenomics
- Utility: Native settlement and staking token for ProverNet; used for payments to provers and governance.
- Vesting: 37% ecosystem and 32.2% community incentives vest linearly over 24 months post-TGE with 14.5% and 10.5% respectively at TGE; team and investor allocations locked for 12 months post-TGE and vest linearly over next 12 months.
Pros & Cons
Strengths
- Unique DePIN marketplace for ZK-proof generation
- Proven track record: 250M+ proofs across major partners
- Backed by reputable funds (Polychain, Binance Labs)
- Highly experienced team with PhDs from UIUC, MIT, Berkeley
- Interoperable across blockchains and zkVM support
- Economic model incentivizes provers via auctions
- Early mainnet adoption and token listings
- Staking and slashing ensure network security
- Strong integration pipeline (Uniswap, PancakeSwap, MetaMask)
Weaknesses
- Pre-market token volatility and speculative price
- Utility limited until staking and native payments activation
- Competition from other ZK and L2 solutions
- Dependence on prover community growth
- Regulatory uncertainty around token classification
- High fully diluted valuation relative to market cap
- Auction mechanism complexity may introduce on-chain risk
- Concentrated initial token allocation to ecosystem and team
- No precise schedule for feature rollouts beyond beta
Price Scenarios (target: 2026-07-08)
- Bear: $0.223300 — Current price multiplied by 0.5 to simulate 50% market downturn
- Base: $0.446500 — Assumes price remains at current level through stable adoption
- Bull: $0.893000 — Assumes 100% price increase based on faster adoption and network growth
How to Buy & Store
CEX
- Binance
- Coinbase
- DigiFinex
- BitMart
- Bithumb
DEX
- Uniswap V3
- PancakeSwap
- QuickSwap
- SushiSwap
- Popsicle Finance
Storage
- MetaMask
- Trust Wallet
- Ledger
- Trezor
- Brevis Network Wallet
Verdict
Brevis offers a pioneering DePIN solution for ZK-proof computation with proven technology and strong backing. While it faces volatility and competition risks, its mainnet launch and strategic partnerships position it well for adoption, meriting a positive outlook.
Official Links
Source: Coin Research (internal)
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