According to Foresight News, Arweave AO, the Arweave public testnet, tweeted that it has launched AO token minting, and AR holders can receive AO in succession. Before the cross-chain bridge reward is launched on June 18, 100% of the minted AO tokens will be distributed to AR token holders.
After the cross-chain bridge reward is launched, 33.3% of AO tokens will be distributed proportionally to AR holders, and 66.6% of AO tokens will be distributed 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. AO tokens will remain locked until about 15% of the supply is minted, which is expected to be around February 8, 2025.
