AO, a new protocol built on Arweave’s permanent data storage layer, will launch on June 13, according to a statement released on May 30.
Arweave co-founder Sam Williams described the project as “Bitcoin, but a supercomputer on Arweave.”
Tokenomics
AO will have a token that trades under the ticker AO. The project will have a 100% fair launch without pre-mining, pre-sales, or preferential access. Interested community members can mint their tokens by bridging to AO, holding Arweave’s native AR token, or building.
This approach ensures the community has complete access to the token. The total supply will be 21 million coins, similar to Bitcoin, with a four-year halving cycle.
A non-profit organization would run the project in accordance with a mechanism that focuses on the community. However, individuals in the US and sanctioned jurisdictions cannot mint the tokens.
AO’s features
AO was developed to address the need for a scalable blockchain solution. Its modular architecture enh
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