Decentralized storage project Arweave has officially launched the mainnet version of its computing platform AO after a year-long testnet phase. Native tokens previously minted and distributed to AR holders and testnet depositors will be transferable upon mainnet launch.
The launch of the AO mainnet is accompanied by the final release of its native token, which is separate from Arweave's AR token. The maximum supply cap for AO tokens is 21 million, echoing Bitcoin's model. The AO team says it employs a fair issuance distribution model, distributing tokens to users who bridge assets to the platform and existing AR token holders. Based on holdings, 36% will be distributed to AR holders over time. The remaining 64% is reserved for economic growth incentives, specifically for bridging assets into AO, which includes rewards for users who deposit assets such as DAI and stETH into the AO ecosystem. More than $700 million pre-bridged to the AO testnet prior to launch.
Arweave computing platform AO mainnet has been launched
2025-02-09 00:40:23
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