Ault Capital Group has launched the public testnet for Ault Blockchain, a layer one network designed for trading, settlement, and institutional-grade onchain infrastructure. Built on the Cosmos SDK, the network offers full Ethereum Virtual Machine compatibility, allowing Ethereum-native smart contracts to operate seamlessly. The testnet aims to evaluate validator performance and core network functionality ahead of a planned mainnet launch. Ault Blockchain will not conduct a public token sale. Instead, the native AULT token will be distributed through a protocol-controlled emissions schedule based on network participation metrics. Governance is managed onchain by Ault DAO, which oversees protocol rules and upgrades. The network introduces a licensed participation framework for infrastructure operators, including Licensed Mining Nodes for off-chain services and proof-of-stake validators for consensus security.