The development team of the sustainable storage protocol Arweave announced the launch of a parallel computer solution called AO at a press conference in February this year, pointing out a clear direction for the future development of the project. Information about the new token AO was not available at the time. Not much information is disclosed. But just today, the official finally released the rules for the issuance of AO tokens.
AO will have its own token.Existing models are broken. A radically new approach:1️⃣ $AO will be 100% fair launch. Zero pre-mine, pre-sales, preferential access etc.2️⃣ Every single token will be minted by bridging to AO, holding $AR, or building.3️⃣ 21m, 4 year halving. pic.twitter.com/tK5XRLk6NB
— ao (@aoTheComputer) May 30, 2024
The official wrote in the announcement that AO will be issued by a new non-profit organization and adopt a 100% fair issuance. There will be no pre-mining, pre-sale, or any access privileges. Every token will be transparent. Obtained by cross-chain to AO, holding AR tokens, and building an ecosystem. However, it is important to note that individuals in the United States and sanctioned jurisdictions will not be able to participate in minting AO tokens.
It is reported that the total number of AO tokens is 21 million, with a 4-year halving cycle. It is expected that the tokens will be issued and the token economy will be launched on June 13, and the remaining details will be announced at a later date.
Affected by this news, the AR token quickly rose by more than 15% in a short period of time.
This article Arweave team releases new token AO issuance rules: 100% fair issuance first appeared on Zombit.
