Circle has minted 10 billion ARC tokens on the Arc blockchain, distributing them to 11 addresses via "0 address" transfers. This marks the first instance of a listed company minting network tokens for a new public chain.
Arc officials confirmed the minting as a technical milestone in the network's roadmap to transition from Proof of Authority (PoA) to Proof of Stake (PoS). The token distribution prepares the infrastructure for the upcoming consensus mechanism upgrade.
Circle Mints 10 Billion ARC Tokens Ahead of Arc Network PoS Transition
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