Key Points:
- Issuing 21 million AO tokens with 100% fair distribution starting June 13 at 23:00 Beijing time.
- AO tokens minted through cross-chain transactions, AR holding, or construction, with a 4-year halving cycle.
- A new non-profit organization will ensure transparency and integrity in the token distribution process.
Arweave AO has announced via the X platform that it will be issuing its own AO tokens.
Emphasizing a commitment to fairness, the token issuance will be conducted with a 100% fair mechanism. Each AO token will be minted through cross-chain transactions to AO, holding AR, or construction activities, ensuring wide and equitable distribution.
A total of 21 million AO tokens will be minted, with a unique halving cycle set for every four years. This model aims to stabilize the token’s value and promote sustainable growth within the ecosystem. The highly anticipated token economics and creation event are slated for June 13 at 23:00 Beijing time, during which detailed information about the issuance process and economic structure will be unveiled.
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
Arweave AO Announces Fair Token Launch
The announcement has generated considerable excitement within the blockchain community. Fair issuance mechanisms are often lauded for their ability to democratize access to tokens, preventing early adopters from monopolizing the supply and ensuring that new participants have an equal opportunity to acquire AO tokens.
New non-profit organization will be established to oversee the implementation and adherence to this fair issuance mechanism. This organization will play a crucial role in maintaining the integrity and transparency of the token distribution process, further enhancing trust and engagement among the community members.
Arweave AO’s innovative approach is expected to set a new standard in the blockchain industry, promoting fairness, transparency, and community involvement. As the June 13 event approaches, all eyes will be on Arweave AO to see how this pioneering initiative unfolds and impacts the broader blockchain landscape.
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