Holoworld AI Foundation officially launched the HOLO governance and incentive token with an initial circulating supply of approximately 16.96%.

Holoworld AI Launches HOLO Token with 16.96% Initial Circulation

Holoworld AI Foundation launched the HOLO governance and incentive token. The initial circulating supply is approximately 16.96%, or 347 million tokens.

The HOLO Token Launch

On September 3rd, Holoworld Foundation, a decentralized non-profit promoting AI-native application ecosystem development, officially established and launched the HOLO governance and incentive token. The total supply is 2.048 billion tokens. The distribution is: 13.11% for ecosystem and marketing, 20.93% for community growth, 18.40% for the foundation, 15.6% for the team, 3.5% for advisors, 13.46% for investors, 5% for liquidity, and 10% for airdrops.

Market Implications

The launch of the HOLO token introduces a new governance and incentive mechanism within the Holoworld AI ecosystem. According to PANews, the initial circulating supply is 347 million tokens. The token's success hinges on the utility and adoption of the Holoworld AI platform. The launch of a token and the establishment of a foundation could generate positive market sentiment.

Holoworld AI Overview

Founded in January 2024 by Tong Pow and Hongzi Mao, Holoworld AI is a Web3 AI and 3D entertainment social network built on blockchain. It functions as a decentralized AI character marketplace and social platform where users can create AI bots. Holoworld AI integrates entertainment, education, and the creator economy, offering features such as 3D AI character creation, AI chat companionship, and a marketplace for AI agents, wearables, and other in-world assets.

Token Utility and Distribution

The HOLO token serves as the primary utility token within the Holoworld ecosystem. 40% is allocated to community rewards and ecosystem development, 20% for the team and advisors (4-year vesting), 15% for private sale, 15% for public sale, and 10% for platform development and marketing.

Broader Context

Holoworld combines AI technology with blockchain infrastructure, enabling users to create, customize, and monetize virtual characters while maintaining decentralized ownership. Interactions are processed through Holoworld's AI engine and recorded on the Solana blockchain, governed by smart contracts for attribution and reward distribution. The project's development timeline includes several key milestones throughout 2024, including the launch of character creation tools, AI personality customization, and cross-platform integration capabilities.