Arcana Network (XAR)

## Basics

* Based in:
* Started in / Announced on: 2019
* Storage platform

## History

* Bug bounty program can be found [insert here].

## Coin Distribution

* Whitepaper can be found [insert here].
* Code can be viewed [insert here].

## Privacy Method

* From their blog (19-7-2021):

*"With Arcana’s Privacy Stack, developers can:*

1. *Add Authentication through social logins and email to allow users to log in and authenticate themselves by creating public/private keypairs with just their email addresses, removing the friction of user onboarding. Users can also bring their own keys.*
2. *Build Access Control into their apps to define policies to define who can access the data and for how long. The access control or permission management for the files is managed through smart contracts on the blockchain, so that access is only given to those that have the permission, every upload, download, revoke is tracked and is cryptographically verifiable in real-time.*
3. *Securely Manage Keys through the Non-Custodial Key Management Service to securely store and share keys related to users and their data*
4. *Store End-to-End Encrypted Data with Decentralized Storage that is easy to implement with fixed pricing, lower costs, and high reliability without a central point of failure. From data centres with excess capacity to individuals who want to participate in the network, offer storage and bandwidth to Arcana."*

## Competition

* Other storage platforms such as IPFS, Filecoin, Storj, Sia.
* From their blog (19-7-2021):

*“Arcana’s biggest differentiation is that it is a whole suite of privacy and data management tools that are super easy to set up. Developers can look to delegate their app’s storage and access control to Arcana and focus on their core value proposition.”*

## Team, Funding and Partners

### Team

* Full team can be found [here].
* Mayur Relekar; CEO
* Aravindh Kumar, and Abhishek Chaudhary: co-founders

### Funding

* Raised $375k seed funding from a long list of investors: *"Balaji Srinivasan, Sandeep Nailwal and JD Kanani, Founders of Polygon (formerly Matic) and Kendrick Nguyen Founder & CEO of Republic. The 375,000 USD fundraise also saw participation from strategic investors and some of the biggest innovators in the blockchain industry, such as Santiago Santos — General Partner at ParaFi Capital, Jehan Chu — Founder of Kenetic Capital, AU21, John Lilic, Siddharth Menon — Founder of WazirX, Tamar Menteshashvili from Solana, Aniket Jindal — Co-founder of Biconomy, Arcanum Capital, Munjal shah and Moyukh Sen from Secureware."* (13-7-2021).

### Partners

* From the DIA blog (1-9-2021):

*"We are excited to announce a new partnership with Arcana Network. This two-sided collaboration will first enable DIA to leverage Arcana Networks’ privacy technology stack, to offer a smoother and safer experience to the community of developers building DIA’s open-source platform. Secondly, DIA’s accurate and transparent oracle suite will be utilised by Arcana Network to strengthen its treasury management processes."*

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