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Avail announces the acquisition of the chain abstraction protocol Arcana, and the XAR Token will be exchanged for AVAIL at a ratio of 4:1.
BlockBeats news, on August 27, Avail announced the acquisition of the chain abstraction protocol Arcana. All XAR Tokens will be exchanged for AVAIL at a ratio of 4:1, and the tools of Arcana will be integrated into the Avail stack, with most team members also joining Avail. The unlocked AVAIL after the exchange will be released over a period of 6 to 12 months, while the tokens belonging to the Arcana team will unlock over 3 years. Avail is a modular blockchain infrastructure project led by Peter.
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