Arcana plans its Token Generation Event (TGE) in Q1 2024, with a public sale on happening Republic in Nov 2023. The Arcana community will have early access to the tokens, followed by a public sale and listings on various centralized and decentralized exchanges​​.

Join the allowlist for early access: https://www.arcana.network/token

The token supply details include a genesis supply of 1 billion $XAR, with an initial circulating supply of approximately 58.7 million $XAR. Post-inflation, the maximum supply will reach around 1.3 billion $XAR​​.

This comprehensive approach to tokenomics reflects Arcana's commitment to building a robust and sustainable ecosystem, balancing the interests of various stakeholders while fostering platform growth and stability.

Utility of the $XAR Token

• Network Security: Validators stake $XAR to participate in network consensus, enhancing security.

• Staking Rewards: Stakers earn rewards, incentivizing network participation and investment.

• Governance: $XAR holders vote on proposals, influencing the network’s development and governance.

• Payments: Customers can pay for subscription fees in $XAR

Read the full XAR utility here: https://www.arcana.network/blog/introducing-xar-the-arcana-network-token

Token Distribution

• Ecosystem (30%): Allocated for stimulating network activity, this portion is directed towards dApp developers, community initiatives, and partnerships. 30M XAR Airdrop which has played a crucial role in strong traction on SendIt application (500,000+ users, 3M transactions) and growing the adoption of Arcana SDK are a couple of examples how this allocation will help in growth of the Arcana Network ecosystem.‍

• Team (20%): Demonstrates the team's commitment to the network's future, with a significant lock-in period to align with the platform's long-term objectives.‍

• Reserves (17.1%): Reserved for unforeseen expenses and to ensure liquidity, these funds are critical for adaptive financial strategies.‍

• Advisors (7%): Rewards the expertise provided by industry specialists who guide the network's strategic direction.‍

• Seed (9.4%) and Extension (6%): Acknowledges the early backers who funded the initial development phases. Our biggest round led by top crypto funds like Republic Crypto, Woodstock, DCG, Fenbushi, LD Capital and more. We have a great relationship with all our investors and expect long term support from our investors.‍

• Angel (2.5%) and Pre-Seed (4.6%): Represents the trust and risk undertaken by the earliest investors. A strategic round with a group of reputed angel investors and funds including Balaji Srinivasan, Sandeep Nailwal and others.‍

• IDO/Public (3.5%): Ensures community and public investor engagement in the network's growth. The public sale will be taking place on Republic in November 2023.

Token Release Schedule

• Angel and Pre-Seed Investors: Begin vesting immediately post-TGE, concluding after 18 months, providing early liquidity in the market.

• Seed and Extension Rounds: Vesting starts post-TGE, spread over 18 months, aligning early investors with the platform’s growth.

• Team: A 12-month cliff followed by a 36-month linear vesting period, showcasing the team's dedication to the network's long-term vision.

• Ecosystem: Initiates at TGE with a 10% release, facilitating immediate platform development, with the remainder vested over 24 months.

• Reserves: Begins vesting after 12 months, extending over 36 months, offering financial stability and strategic capital deployment.

• Advisors: Begin vesting immediately post-TGE, concluding after 22 months ensuring a long term commitment.

The structured release of $XAR tokens is intricately planned to support the Arcana Network's growth trajectory while maintaining a user-centric ethos that aims to position Arcana as a leader in Web3 UX.

Strategic Fundraise and Valuation

Arcana Network's compelling value proposition and strategic direction have culminated in a successful fundraising round, securing $4 million from visionary investors. This financial milestone, paired with a $25 million valuation, underlines the network's significant potential and the investment community's confidence in our direction. Leading the charge are industry heavyweights and strategic investors such as Republic Crypto, Woodstock, and LD Capital, along with individual trailblazers like Balaji Srinivasan and Sandeep Nailwal.

With this solid financial foundation, Arcana Network is poised to accelerate its mission to integrate privacy and security into the Web3 user experience, leveraging the $XAR token as the linchpin of its thriving ecosystem.

About Arcana

Arcana Network is an UX-focused appchain dedicated to improving Web3 UX with a suite for products for developers and users.

Its offerings include Arcana Auth for seamless user logins and web3 authentication on dApps, Arcana Gasless for frictionless Web3 transactions, SendIt for simplified crypto transfers​.

By addressing challenges like user onboarding, complex user interfaces and transaction costs, Arcana is fostering a more user-friendly and inclusive web3 ecosystem

Stay updated through our communities for real-time updates, insights, and essential announcements:

Official Links: Website | Telegram | TG Announcement | Twitter | GitHub | Discord |

‍Please note: https://arcana.network is the only official website to access Arcana's XAR Drop. Neither the claiming site, any member of the Arcana team, nor any community moderator will ever ask you to enter your private key or transfer tokens of any kind from your wallet. Disclaimer