Arcana Token
Our token is trading live with the symbol $XAR in the following premier exchanges:
What is XAR?
$XAR is as an ERC-20 utility token on the Ethereum blockchain. It will be used to power the Arcana delegated-PoS app chain. Validator nodes on the Arcana app chain will have $XAR staked to their nodes in exchange for staking rewards. The staking of $XAR brings economic security to the Arcana app chain.
What is the Utility?
In the near term: Ensuring the economic security of the Arcana PoS app-chain. Token holders will be able to stake Arcana tokens and boost the economic security of the chain in return for staking rewards. Staking rewards are yet to be finalised but will perhaps be some combination of inflation and tokens bought back from the open market from the revenue the platform generates.
In the long term: Platform governance where holders can participate in making key decisions on the journey of Arcana moving from being a platform to becoming a protocol and a public good.
When was XAR launched?
Arcana has launched it's token as planned in April 2024, with a public sale on multiple exchanges. The team is thrilled to have delivered against this goal backed by the amazing community and ecosystem support.
What's the contract address for the XAR token?
The correct contract address for our token is 0x5027fc44a7ba114b8f494b1e4970900c6652fedf. Avoid buying tokens that claim to be XAR without this contract address.
Supply Details
Token Symbol
$XAR
Token Type
ERC-20 on Ethereum
Genesis Supply
1,000,000,000 $XAR
Initial Circulating Supply
~61,093,667 $XAR
Inflation
~300,000,000 $XAR
Max Supply with Inflation
~1,300,000,000 $XAR
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Release Schedule
Type
Angel
Pre-Seed
Seed
Seed Extension
Public/IDO
Ecosystem
Reserves
Advisors
Team
Allocation (%)
2.50
4.58
9.36
7.31
1.71
30.00
16.54
8.00
20
Allocation (XAR)
25,000,000
45,750,000
93,566,667
73,120,000
17,089,028
300,000,000
165,474,305
80,000,000
200,000,000
Vesting Schedule
Allocations
Angel: Very early stage angels who invested in 2020 to support the development of an MVP and bring Arcana to life.
Pre-Seed: A strategic round with a group of reputed angel investors and funds including Balaji Srinivasan, Sandeep Nailwal and others.
Seed & Extension: Our biggest round led by top crypto funds like Republic Crypto, Woodstock, DCG, Fenbushi, LD Capital and more.
Public/IDO: Tokens sold via a public sale on Tier 1 launchpads. This is primarily for the Arcana community and global distribution.
Ecosystem: Tokens allocated to incentivise node operators on the Arcana Network and general ecosystem growth, marketing, grants, etc.
Reserves: Tokens reserved for any ad hoc company expenses including operating expenses.
Advisors: Tokens allocated to advisors for their significant contributions towards Arcana’s growth.
Team: Tokens allocated to the amazing Arcana Team. These tokens have a cliff of 12 months to show the long term commitment of the team.
Limited Period Offer
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