The $XAR wrapped NFT by Arcana is a novel way of rewarding our community and also introducing them to our token.

Simply put, it is like an IOU. Each NFT represents a certain number of $XAR that can be redeemed, in exchange for the NFT, once $XAR is live and trading. Once the token is live, the Arcana team will announce on all our social channels the dates on which NFT redemption will be available to holders. Holders of the NFT will be able to come to the official redemption website and deposit the NFT and receive the preset number of the tokens that the NFT represents. If a holder deposits a 100 $XAR wrapped NFT, they will receive 100 $XAR tokens into their wallet.
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Now, this NFT is part of a collection which has multiple wrapped NFTs representing 25, 50 or 100 $XAR. As is the nature of NFTs, before the token goes live, these NFT can also be traded on OpenSea as part of the collection. You can check out the collection here: https://opensea.io/collection/arcana-xar-drop
Early community members of Arcana have been air dropped these NFTs in the past and have been actively trading them.

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In the near future, we will be announcing other opportunities for the community to get involved and get their hands on these NFTs.

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