The long-awaited altcoin has launched its mainnet and released tokens!

Decentralized storage network Arweave, officially launched the mainnet for the computing platform AO after a year-long test network phase. This release enables the transferability of native AO tokens and marks a significant milestone for the project.

AO, defined by its developers as a 'hyper-parallel computer,' offers a distributed computing environment designed for parallel processing. The platform is built on Arweave's permanent data storage to provide immutable and permanently accessible data, forming the foundation of AO's on-chain computations.

In his statement, Sam Williams, the founder of Arweave, said, "Arweave's decentralized data layer enables the long-term usability and integrity of AO's computations on the chain, allowing for efficient scaling of AO's shared message ledger."

Beyond its role in decentralized computing, AO is expected to increase demand for Arweave's storage services. The platform will support next-generation decentralized applications, including autonomous AI-driven agents, (dApps).

The AO mainnet launch also completes the release of the native token AO, which is different from Arweave's AR token. The total supply of AO is limited to 21 million, reflecting Bitcoin's scarcity model.

The project allocated tokens to users bridging assets to the platform and existing AR owners by choosing a fair launch distribution model. Specifically, 36% of the AO supply is distributed over time to AR owners, while the remaining 64% is allocated for economic growth incentives, including rewards for users who deposit assets such as DAI and stETH into the AO ecosystem.