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Ault Capital Launches Public Testnet for EVM-Compatible Cosmos Layer 1 Focused on Institutional Finance

The network ties token issuance to verifiable participation under a Wyoming DAO LLC.

Overview

  • The public testnet opens participation to developers, infrastructure operators, and validators to evaluate core functionality and provide feedback.
  • Built on the Cosmos SDK with full EVM support, the chain lets Ethereum smart contracts and tooling run without modification.
  • Onchain governance is led by Ault DAO, formed under Ault DAO, LLC in Wyoming, which manages protocol parameters, validator participation, and upgrades.
  • There will be no public token sale, with AULT distributed through protocol-controlled emissions tied to measurable network work such as consensus security and licensed operations.
  • A licensed participation model pairs Licensed Mining Nodes for defined off-chain services with Proof-of-Stake validators, with support from B-Harvest, Xangle, QuickNode, and Protofire following an initial security audit and before a mainnet launch dependent on further testing milestones.