AO Token Economy Announced! How to get AO coin airdrop?

The decentralized

computingnetwork ao launched by Arweave (AR) announced the token economy and the fair issuance plan of AO tokens on 6/14.

AO Token: Fair Issuance Model

AO is a 100% fair issuance token, modeled after Bitcoin’s economic model. This ensures equal opportunity for all participants, with no pre-sale or pre-allocation, promoting fairness and accessibility.

Minting Mechanism and Initial Distribution

Minting of AO tokens begins retroactively from February 27, 2024 13:00EST (block 1372724). During this period, 100% of minted AO tokens are distributed to Arweave token holders based on their balance every five minutes. Those who hold AR on an exchange or custodian will need to contact the relevant authority to receive the tokens.

Minting Rewards and Cross-Chain Incentives

In the future, one third (33.3%) of AO tokens will be minted every five minutes for AR token holders, based on their holdings. The remaining two-thirds (66.6%) will be used to stimulate economic growth through cross-chain assets to AO.

Cross-chain has been opened

The initial phase of cross-chain contracts has now started. During this pre-cross-chain phase, user tokens will remain on their native network while users will receive AO tokens. Once the second phase cross-chain contract is launched, assets will be deposited into the new cross-chain contract so that they can be used on the AO network and receive rewards.

Cross-chain rewards

Cross-chain rewards start on June 18, 2024 11:00AMEDT. Although it can be withdrawn from the pre-cross chain at any time, AO earning will only take effect after the rewards have started, and the rewards are distributed daily.

AO Token Lockup and Supply

AO tokens will remain locked until approximately 15% of the total supply is minted, which is expected on February 8, 2025. AO has a total supply of 21 million tokens, which undergoes halving every four years, similar to Bitcoin. As of June 13, 2024, 1,038,700 AO tokens have been minted, making them even more scarce than other cryptocurrencies such as Ethereum, Solana, and Ripple.

Token Distribution and Ecosystem Funding

AO’s distribution model emphasizes fairness, with approximately 36% of the tokens minted for Arweave token holders, enhancing the security of the AO base layer. The remainder, approximately 64%, is used to incentivize economic growth through external earnings and bridging assets. This model ensures balanced and sustainable ecosystem development.

Permissionless Ecosystem Funding

Developers who attract users to deposit assets into their applications will be rewarded with AO tokens, providing a long-term revenue stream that does not require grants or external investment.

Permanent Network Ecosystem Development Guild

Dedicated organizations and builders will share local revenue from assets stored in the bridge, supporting core protocol development, marketing and critical infrastructure. This fund gradually decreases with the minting rate of the network.

Can I get AO?

AO token minting is retroactive to Arweave holders starting on February 27, 2024. Holders can check their balances via the URL ao.arweave.dev and connect their self-hosted wallets, and major exchanges are finalizing the process for distributing AO to their users.

Hold AR and get AO

New AO tokens are minted every five minutes, and 33% will be distributed to AR holders after the pre-cross-chain launch. The following is the approximate accumulation of AO over the next 12 months based on AR holdings:

• 1AR: 0.016AO
• 10AR: 0.16AO
• 50AR: 0.8AO
• 100AR: 1.6AO
• 500AR: 8.0AO
• 1000AR: 16.0AO

AO tokens will be transferable around February 8, 2025.

Vampire pledge ETH! Pre-Cross-Chain stETH to AO Eligibility and Process

During this initial period, stETH (ETH staked on Lido) can be deposited to receive AO rewards. (Not open to Americans) Pre-cross-chain assets will remain on Ethereum until the second phase of the bridge goes live.

How to exchange stETH earnings for AO tokens:

• Visit the minting page on the AO website.
• Connect Ethereum wallet (Metamask or Rabby).
• Enter the Arweave wallet address to receive AO tokens.
• Deposit stETH into an audited contract.
• Sign the transaction in your ETH wallet.

AO: A new way of minting that emulates Bitcoin

AO said that its token introduces a breakthrough minting process that brings rewards to users and developers. Inspired by the innovation of Bitcoin, AO's model is based on fairness and equality, hoping to promote a permissionless decentralized network. However, the AR token did not rise due to this news and has fallen with the broader market for days.

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