The parallel computer solution AO launched by the Arweave development team of the permanent storage protocol announced its token economic model yesterday.
The AO token mint is now live. pic.twitter.com/GAXT1OLdCu
— ao (@aoTheComputer) June 13, 2024
According to the official announcement, the number and issuance of tokens mimics the Bitcoin network, with a total of 21 million tokens, issued every five minutes, and halved every four years.
All tokens will be issued fairly, without any pre-sale or team shares:
36% of the total supply will be distributed to AR token holders over time.
The other 64% will be distributed over time to users who cross-chain their assets (stETH) to AO to stimulate economic growth.
It should be emphasized that AO tokens are not issued once. As long as you hold AR tokens or cross-chain assets to the AO network, you can continue to obtain AO tokens until the last token is minted in approximately 100 years. .
Token issuance will be calculated retrospectively from February 27, and those who meet the above rules will be allocated AO tokens. As of the time of the team’s announcement, more than 1 million tokens have been issued. However, AO tokens cannot currently be transferred or traded, and token transfer functionality will not be enabled until 15% of the total token supply is minted, which is expected to occur around February 8, 2025.
Users holding AR can check their allocated AO tokens by visiting http://ao.arweave.dev and connecting to a self-hosted wallet (such as ArConnect). If they are stored on an exchange, they may need to wait for further announcements from the platform.
This article Parallel Computer Solution AO announces token economic model! These two things can allow you to receive 100-year airdrops. First appeared on Zombit.
