Arweave Team Unveils New Token AO Issuance Rules: 100% Equitable Distribution

Arweave Team Unveils New Token AO Issuance Rules: 100% Equitable Distribution

Arweave Team Unveils New Token AO Issuance Rules: 100% Equitable Distribution

The development team of Arweave, a sustainable storage protocol, announced the launch of a parallel computing scheme called AO during a press conference in February this year, providing clear direction for the future development of the project. However, there was limited information disclosed about the new token AO at that time. But today, the official release of the AO token issuance rules has finally been made.

According to the announcement, AO will be issued by a new non-profit organization and will undergo a 100% fair issuance process. There will be no pre-mining, pre-sale, or any privileged access. Each token will be minted by cross-linking to AO and holding AR tokens. However, it should be noted that individuals from the United States and sanctioned jurisdictions will not be able to participate in the minting of AO tokens.

It is reported that the total supply of AO tokens is 21 million, with a halving cycle of 4 years. It is expected to be launched and activate token economics on June 13th, with further details to be announced in the future.

As holding AR tokens is the only way to obtain AO, the AR token has been influenced by this news, experiencing a rapid increase of over 15% in a short period of time.