According to Wu, the scalable blockchain network AO will launch its own token $AO. Officials said that this will adopt a new fair launch model without pre-mining, pre-sale or priority access. Each token will be minted by bridging to AO, holding $AR or building, with a total of 21 million, which will be halved every four years. The token economics and genesis event will be released on June 13 at 11:00 EST. A new non-profit organization will launch $AO according to this mechanism. However, users in the United States and sanctioned regions will not be able to participate in the event.