Wednesday, 15 November 2023 10:00 PM
Company Update
DUBAI, UNITED ARAB EMIRATES / ACCESSWIRE / November 15, 2023 / Arcana, a project at the forefront of resolving UX challenges within the Web3 space, plans to unveil its upcoming Reg-D Token Offering for $XAR*. This event is set to take place through OpenDeal Broker LLC, dba THE CAPITAL R ("ODB") - a subsidiary of Republic on November 20, 2023.
The Arcana Network, initiated in 2020, has addressed a myriad of UX problems in the Web3 landscape, including authentication, crypto payments, distributed key generation, and gasless transactions. Arcana has raised $4 Million USD from some of the leading investors and founders in the ecosystem such as Balaji Srinivasan, Founders of Polygon, Woodstock, Republic Crypto, and Digital Currency Group.
Users can receive early access by registering for the allowlist. The allowlist users will be provided with an opportunity to participate in the token offering before the token offering is opened for qualified public users. Comprehensive details about the token offering terms will be made available on November 20th 2023 at republic.com/arcana when the offering is live.
The Arcana ecosystem has seen the rapid adoption of its crypto payments application, SendIt. In less than two months since its launch, SendIt has garnered a user base exceeding 400,000 individuals. Such adoption demonstrates Arcana's capacity to create solutions that resonate with a broad user audience.
Beyond its applications, Arcana's influence extends to the developer community, with over 20,000 developers downloading the Arcana SDK. Moreover, more than 80 Web3 projects have embraced Arcana's web3 authentication SDK and has generated over 1 Million+ wallets since its launch in Feb 2023, attesting to the project's reputation as a trusted infrastructure provider.
The $XAR token, which will be central to Arcana's ecosystem and appchain, plays a pivotal role: it incentivizes decentralized "resource" providers and validators in the short term, bolsters economic security through staking in the short to medium term, and fosters community-driven governance for Arcana's evolution into a protocol and public good in the long term. This multifaceted utility underscores Arcana's commitment to empowering the Web3 ecosystem with user-friendly solutions while offering stakeholders diverse opportunities for participation and growth.
Arcana's decision to launch on the Republic platform for the Reg-D Token Offering highlights its trust in Republic's vibrant investor community and the robust support provided by the platform.
Arcana remains committed to its mission of empowering the Web3 developer ecosystem with seamless and user-friendly products planned in its roadmap for NFTs and DeFi applications. The $XAR token offering signifies not only a milestone in Arcana's journey but also an invitation for the broader community to join the Web3 revolution.
Stay updated on the Arcana Reg-D Token Offering by visiting the official Arcana website or following them on Twitter.
About Arcana:
Arcana Network is a UX-focused appchain dedicated to improving Web3 UX with a suite of 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, and 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.
About Republic:
Republic is a global technology firm pioneering the digital transformation of finance. The Republic ecosystem is composed of an enterprise-focused digital merchant bank and a network of international retail investment platforms. Republic has made it possible for 3+ million community members across 150+ countries to deploy $2.6+ billion into thousands of private ventures.
Form CRS: Client Relationship Summary
This offering is in tokens issued by Arcana and not equity in the company.
This offering is facilitated by OpenDeal Broker LLC, dba THE CAPITAL R ("ODB") (BrokerCheck)
Affiliates of OpenDeal Broker LLC have financial interests in this offering, or in the offering's sponsors, and may have invested at more favorable terms including the price and lock-up terms.
Participation of the Allowlist registration is non-binding. Recipients of this message are not obligated to invest.
*Please note, only US Accredited Investors will be able to participate in this offering.
This is a speculative, risky investment and may be illiquid or pricing may substantially fluctuate in value. You may lose money.
This is not an offer to buy or sell securities. Read the detailed disclaimer: https://republic.com/arcana-disclaimer
CONTACT:
Colin Landers
[email protected]
SOURCE: Arcana Network