Arweave AO: AO token minting has been launched, and users can obtain AO by holding AR.
2024-06-13 23:26:30
On June 14th, Arweave AO tweeted that AO token minting has been launched, and AR holders have started to receive AO. Before the launch of the cross-chain bridge reward on June 18th, 100% of the minted AO tokens will be awarded to AR token holders. After the launch of the cross-chain bridge reward, 1/3 of the AO tokens will be distributed proportionally to AR holders, and 2/3 of the AO tokens will be distributed to users who cross-chain their assets to AO. Users can deposit stETH to receive token rewards, and more assets will be supported in the future. AO tokens will remain locked until about 15% of the supply is minted. This will happen around February 8th, 2025.
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