Arcana Network XAR
1. Summary
- Price
-
$0.009549100000 -4.6%
- Market Cap
- $3.36M (#2266)
- Supply
- 260.85M / 1.00B
- Description
-
About Arcana Network
About Arcana Network
Arcana Network is a Web3 infrastructure project aiming to provide a comprehensive suite of products for developers to build secure and user-friendly applications. By leveraging advanced cryptography, such as threshold cryptography and proxy re-encryption, the network presents a unique privacy stack designed to work seamlessly with Ethereum and other EVM-compatible blockchains.
How It Works
- Authentication: Users can easily onboard using social logins or password-less magic links. Secure keys are stored using threshold cryptography, ensuring only the user can retrieve them.
- Identity and Access Management: Developers can assign Decentralized Identifiers (DIDs) to users and data. Access policies are defined by users, controlling who can access their data, for how long, and what permissions they have.
- Key Management: The network securely stores and shares keys among authorized applications or users.
- Encrypted Storage: Data is securely split and distributed among multiple storage nodes, ensuring protection against disasters and hacking attempts.
Token: XAR
XAR is Arcana’s native utility token used to incentivize nodes and validators. It is an ERC-20 token on Ethereum and serves multiple purposes, including powering the Arcana delegated Proof-of-Stake app chain and enabling staking rewards for validator nodes. XAR staking provides economic security to the network.
Use Cases
- Private NFTs
- Metaverses
- DeFi Protocols
- Games
- Social Networks
Founders and History
Arcana Network was founded in 2019 by CEO Mayur Relekar and co-founders Aravindh Kumar and Abhishek Chaudhary, all experienced in blockchain and Web3 development. The founders aim to make Arcana the most developer-friendly platform, offering security and privacy features for Web2 and Web3 applications.
| Price | |
| 52W High price | $0.53 |
| 52W High date | 3rd Apr 2024 (10 months ago) |
| All Time High (ATH) Date | 3rd Apr 2024 (10 months ago) |
| ATH Price | $1.52 |
| % From ATH | -98.86% |
| All Time Low (ATL) Date | 11th Nov 2024 (3 months ago) |
| ATL Price | $0.02 |
| % From ATL | 11.63% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $114,131.00 |
| Total Supply | 1.00B |
| Circulating Supply | 260.85M |
XAR
How does Arcana Network's (XAR) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-17.8%
XAR
-10.0%
Similar Market Cap
60 Day Return
-38.7%
XAR
-14.4%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 2,227 |
| Active Discord Users | 262 |
| Telegram Users | 11,025 |
| Twitter followers | 118,724 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://arcana.network/ |
|---|---|
| Explorer | https://etherscan.io/token/0x5027fc44a7ba114b8f494... |
| @arcananetwork |
What is the correct contract address for Arcana Network?
| Ethereum | 0x5027fc44a7ba114b8f494b1e4970900c6652fedf |
|---|
Has Arcana Network been audited for security?
No security audits found for this project.
Are you the owner of Arcana Network? Edit it here
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.