Arweave AO plans to issue its AO token, token economics will be released on June 13

PANews reported on May 30 that Arweave AO, the Arweave public testnet, said on the X platform that AO will issue its own tokens and adopt 100% fair issuance. Each token will be minted by cross-chain to AO, holding AR or construction. There are 21 million AO tokens in total, with a 4-year halving cycle. The token economics and creation event are scheduled for 23:00 on June 13, Beijing time, and a new non-profit organization will launch AO according to this mechanism.

NOTE: Users in the US and sanctioned jurisdictions will not be able to mint AO tokens via the bridge network.