Arcana Token
Our token is trading live with the symbol $XAR in the following premier exchanges:
Introducing $XAR
$XAR is the native token that powers the Arcana platform. It is an ERC-20 token on the Ethereum blockchain. Token holders can stake their tokens on Arcana platform to earn extra yield on their holdings.
What is the utility of the $XAR?
$XAR will provide economic security to the modular L1 of Arcana Network and will also act as a governance token in future. $XAR governance token will empower Arcana users by granting them tangible ownership of the network and a significant voice in guiding its development trajectory.
Building on a solid foundation established over the past three years, Arcana is poised for the next phase of growth. Arcana network will release a modular L1 that will power chain abstractions and intents, helping developers significantly improve user experience in Web3.
When was XAR launched?
Arcana launched its $XAR token on April 3, 2024, featuring a public sale on Republic and a TGE on multiple centralized exchanges. The team was thrilled to have achieved this goal, thanks to our amazing community, investors, and strong ecosystem support.
$XAR Contract - 0x5027fc44a7ba114b8f494b1e4970900c6652fedf
**Always be cautious and verify the token address before buying tokens claiming to be $XAR. Only trust transactions with this specific contract address.
Release 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.
