Arweave AO launches new token model $AO; $AR price briefly rises ~15% possibly due to this event

TechFlow news, on May 30, AO, a hyper-parallel computing network based on Arweave, released its new token model $AO. Affected by this news, the price of $AR briefly rose approximately 15%, with the current price at $44.

According to official Arweave announcements, bridging AR tokens to the AO network is one of the methods for token minting. Currently, AOX (access via aox.xyz) is the sole bridge to the AO network.

Previous report: Arweave AO will issue the AO token, which will be 100% fairly launched with zero pre-mine, zero pre-sale, and no preferential allocations. Every token will be minted through bridging to AO, holding AR, or building. The total supply is 21 million tokens, with a halving cycle of four years.