AO Claim Announcement

1. Why You're Receiving This

Point Network has been in development mainly since 2021 and had launched the mainnet, the web3 browser, and a series of web3 apps on September 2022.

Point's original plans changed dramatically after FTX Ventures (being a co-manager on Point's lead investor fund Liquid Value Fund I) went bankrupt in the infamous series of events in November 2022.

Despite extensive fund-raising efforts, POINT could not secure the next round and achieve product-market fit.

In 2024, in a series of mergers and acquisitions, Arweave & AO affiliated legal entities acquired Point for unpaid debt. Evaluation of holder-recovery options started.

This announcement explains how every POINT holder can convert their tokens into AO on fair, transparent terms.

2. Options Explored

Option

Why It Fell Short

Rolling POINT into the initial AO supply: airdrop some of the pre-minted AO tokens to POINT holders

AO was re-designed as a fair-launch asset: no pre-mint, no insider allocation. There was no pre-minted tokens to distribute.

Distributing 0.5% share of AO Bridge revenues instead

• Legal: classifies holders' claims for bridge rewards as securities; regulatory roadblock
• Requires indefinite costly upkeep of POINT infrastructure
• At current bridge volumes 0.5% share equates to ≈ $3,000/month → < $0.000002 per 1 POINT; effectively negligible

Status quo (do nothing)

Leaves most holders with illiquid tokens stuck at ≈ $0.001 and no realistic exit path

Conclusion: A single, immediate AO airdrop delivers most value, clears legal uncertainty, and gives closure to the POINT situation.

3. Final Conversion Plan

Parameter

Details

One-time airdrop + 50% bonus factor

All POINT sent to the individual burn-addresses receive 100% dollar-equivalent in the liquid AO token +50% extra AO. Burn addresses are used to prevent recycling

POINT price lock

POINT has been stable at $0.0010 / POINT for the last several months, this price is fixed for calculations

AO price lock

$14.72 / AO (captured on July 11, 2025 at 12:00 UTC)

Conversion formula

AO received = (POINT burned × $0.001 × 1.5) ÷ $14.72

Participation window

60 days: July 11, 2025 at 12:00 UTC — September 9, 2025 at 23:59 UTC

Payout speed

AO arrives in your wallet 48-72 h after your burn transaction confirms

Liquidity

AO arrives fully unlocked: sell, stake, or hold at your discretion

4. Key Dates & Deadlines

Announcement published

July 11, 2025

Conversion window opens

July 11, 2025

Conversion window closes

September 9, 2025 at 23:59 UTC

Final AO distributions complete

Within 72 h of last valid burn transaction

POINT network decommissioned

At some point after close (RPC may remain available in read-only mode; no further dev budget expected)

5. Frequently Asked Questions

Q: What if AO's market price changes?
A: The AO price is fixed at $14.72 for this conversion only. Future price fluctuations don't affect the amount you receive.

Q: Can I partially convert and keep some POINT?
A: Yes, but after the 60-day window there will be no further conversion opportunities and no active development expected on POINT.

Q: Is there any lock-up on the AO I get?
A: None. The AO is fully unlocked and transferable at arrival.

Q: Tax implications?
A: This airdrop may constitute a taxable event in your jurisdiction. Please consult a qualified adviser.

Q: Where can I get support?
A: Reach out at support@pointnetwork.io to ask any additional questions or to get guidance on the process.

7. Legal & Risk Disclosure