Arweave computing platform AO main network has been launched
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According to Golden Finance, after a year of test network phase, Arweave officially launched the mainnet version of its computing platform AO. Native tokens previously minted and distributed to AR holders and testnet depositors will be transferable upon activation of the mainnet.
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 of AO tokens is 21 million, echoing the Bitcoin model. The AO team said it adopted a fair issuance distribution model, distributing tokens to users who bridge assets to the platform and existing AR token holders. According to the holding volume, 36% will be allocated to AR holders over time. The remaining 64% are reserved for economic growth incentives, especially for bridging assets into AO, including rewards for users who deposit assets such as DAI and stETH into the AO ecosystem. Prior to release, more than $700 million had been pre-bridged to the AO testnet.