AMA RECAP : CRYPTO CHALLENGERS x ARCANA NETWORK
Venue : CryptoChallengersD
Date : 16 MAR 2022
Time : 02:00 PM UTC.

Guest: Team
They shared detailed information and his opinions about the projectARCANA NETWORK

Aravindh | Arcana,
I am Aravindh, Co-founder of Arcana.Network. I handle the growth and partnerships.
Started Arcana in 2019 and have been building in the blockchain space since 2017/18. Prior to this I was the Product Manager at another startup building SaaS and consumer apps while also volunteering at a startup ecosystem enabler called Headstart, and mentored over 200 startups across 20 cities in India.

1.Can you briefly introduce the project ARCANA NETWORK what are some of utlities of $XAR ? How do you think you stand out among the competitors if there are any?

Aravindh | Arcana,
Sure. A bit about Arcana:
Arcana helps developers securely manage their data layer with its privacy infra. With Arcana, you can onboard users and create wallets through Social Auth/magic links, encrypt and store data, and securely manage access to it, all on chain.

Aravindh | Arcana,
Coming to utilities of XAR, XAR will be used to stake and secure Arcana’s Proof of Stake blockain, pay out to both validators running the blockchain, as well as to providers who offer the storage, bandwidth, and compute resources to the network.

Aravindh | Arcana,
We have innovated in quite a few areas compared to competitors in the auth and data storage space.
Our UX, ease of integration, and ability to do onchain access control stand out from the competitors. This has lead to a rise in demand for our Private NFTs where only the owner of the NFT can access the data within it.

2.Can you share the achievements the team has made so far ? what are the major achievement target ARCANA NETWORK is yet to achieve . If possible also share your roadmap

Aravindh | Arcana,
We’ve had a great year at Arcana in 2021.
We raised over 2.7 Mn USD from some of the top investors such as Balaji Srinivasan, founders of Polygon, Republic crypto, Woodstock, Digital Currency Group early last year, Launched an Alpha testnet in Nov of 2021, and have over 500 app smart contracts deployed currently.

Aravindh | Arcana,
We are now preparing from a beta testnet and mainnet launch next quarter, and a token sale towards the end of the year

3.Could you share a bit about security and also what benefits you provide to incentives user’s choosing your platform?

Aravindh | Arcana,
Great Q. Coming from a background in building products, we understand what it takes to make a successful infra platform for developers. Some of the reasons customers choose us:
- Ease of integration, it takes minutes.
- Fixed, stable pricing that can be paid with credit cards
- Easy user onboarding with our non-custodial wallet and Social Auth
- Onchain access control, leads to greater transparency and decentralization
- DID based permissioning for files

Aravindh | Arcana,
Users get incentives when they stake XAR and secure the network. Down the line they can also provide resources to the network and get paid in XAR

4.Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution

Aravindh | Arcana,
Wish I could share more information on this but unfortunately we haven’t announced the tokenomics yet, watch out for it when we do it, closer to the public token sale and TGE.
In the meantime, we do have airdrop and commuity initiatives planned to get your hands on XAR before the TGE

1) How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?

Aravindh | Arcana,
We are currently 20 full time team members and the core team has been building in the blockchain space since 2018, including the founders.

Aravindh | Arcana,
We have successfully launched products in the non-crypto space before and understand Web2 very well as well

2) Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like yours?

Aravindh | Arcana,
The founders have known each other and worked together for over 3 yeards before starting Arcana. We started building a data storage platform after personally facing issues with using the platforms that existed, and realised storage is a more fundamental problem that needs to be solved.

Aravindh | Arcana,
Since then we’ve evolved from being just a storage platform to a platform that can manage your entire data layer and not just store them.

3) Is your platform suitable for Crypto beginners? Or does it only appeal to professional users?

Aravindh | Arcana,
Our target audience is developers and not the end users themselves.
We’ve ensured whether you are a Web3 or Web2 dev, the onboarding and integration should be painless so anyone can get started easily.

4) What do you consider to be the best features of Arcana Network? Are there any features that Arcana Network has that we can’t get on any other platform? Where can we stay informed of all the news that Arcana Network has to offer us?

Aravindh | Arcana,
Some of the reasons customers choose us:
- Ease of integration, it takes minutes.
- Fixed, stable pricing that can be paid with credit cards
- Easy user onboarding with our non-custodial wallet and Social Auth
- Onchain access control, leads to greater transparency and decentralization
- DID based permissioning for files

Aravindh | Arcana,
Private NFTs are something that we uniquely offer

Aravindh | Arcana,
You can follow us on our twitter or Telegram where we post all our updates:
https://twitter.com/ArcanaNetwork
t.me/ArcanaNetwork

5) What are the top priorities of your Arcana Network project in 2022? As we know that we are in the bullish phase of the crypto market now, are there any exciting initiatives that you’re planning in the pipeline that you can share with us? I like your project

Aravindh | Arcana,
With a successful testnet launch in 2021, we are planning the Beta testnet and Mainnet launch this year.
We will also be looking to announce our TGE this year that the community has been eagerly waiting for.

Q1-Erdy,
Currently a lot of people are looking at NFTs, metaverse, and games. Can you tell me what advantages will you have in this field future?

Aravindh | Arcana,
[In reply to Erdy]
One of the biggest USPs of Arcana is our auth and private NFTs, both of which are highly important for the growth of NFTs, metaverse, and gaming projects. As they grow, so will we

Q2-Diana Lewis,
Do you plan to add more blockchains to the project in the future? How will this blockchain benefit your project? Why would you add a blockchain to your project?

Aravindh | Arcana,
[In reply to Diana Lewis]
We are currently EVM compatible and will support all EVM based chains, and will be adding support for other blockchains based on demand. We will work with all ecosystems.

Q3-Lucas Bravo,
Is your project A community only for English speaking an countries or for users not of Other languages?

Aravindh | Arcana,
[In reply to Lucas Bravo]
At the moment it is english only but we plan to expand to other languages as well.

Q4-Christian Ella,
Are you a global project or local project? At present, which market are you focus on, or is it focused on building and growing to gain customers, users and partners?

Aravindh | Arcana,
[In reply to Christian Ella]
We are global from day 1 with a fully remote team. Web3 is global and so is our customer base.

Q5-Nagita | OFF ZuLu,
What are plans in for global expansion? Are you focusing on market at this time or focus on building and developing or getting customers and users, or partnerships?

Aravindh | Arcana,
[In reply to Nagita | OFF ZuLu]
One of the key goals for Arcana is how do we solve problems for Web2 developers with Web3 tech. We’ll be highly focusing on expanding the Web2 market as well.

Aravindh | Arcana,
This has been great and thank you for all the questions. Feel free to ask me any questions on our twitter or telegram if I missed it here.

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