PANews reported on June 14th that Arweave AO tweeted that AO token minting has been launched, and AR holders have started receiving AO. Before the cross-chain bridge reward starts on June 18th, 100% of the minted AO tokens will be given to AR token holders. After the cross-chain bridge reward starts, 1/3 of the AO tokens will be distributed proportionally to AR holders, and 2/3 of the AO tokens will be allocated to users who cross-chain assets to AO. Users can deposit stETH to receive token rewards, and more assets will be supported in the future. The AO tokens will be locked until about 15% of the supply is minted, which will occur around February 8, 2025.
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PANews reported on June 14th that Arweave AO tweeted that AO token minting has been launched, and AR holders have started receiving AO. Before the cross-chain bridge reward starts on June 18th, 100% of the minted AO tokens will be given to AR token holders. After the cross-chain bridge reward starts, 1/3 of the AO tokens will be distributed proportionally to AR holders, and 2/3 of the AO tokens will be allocated to users who cross-chain assets to AO. Users can deposit stETH to receive token rewards, and more assets will be supported in the future. The AO tokens will be locked until about 15% of the supply is minted, which will occur around February 8, 2025.