The development team of Arweave, a sustainable storage protocol, announced the launch of a parallel computing solution called AO during a press conference in February this year. This clearly indicates the direction for the future development of the project. However, there was not much information disclosed about the new token AO at that time. But today, the official release of the issuance rules for AO tokens has finally been announced.
According to the announcement, AO will be issued by a new non-profit organization and will adopt a 100% fair distribution model. There will be no pre-mining, pre-sale, or any privileged access. Each token will be minted by staking AR tokens across chains to AO. 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 period of 4 years. The token is expected to be launched and the token economy activated on June 13th, with further details to be announced in the future.
Due to the fact that holding AR tokens is the only way to acquire AO, the AR token has been significantly impacted by this news, quickly surging over 15% in a short period of time.
