Avail announces acquisition of chain abstraction protocol Arcana, XAR tokens to be exchanged for AVAIL at a 4:1 ratio
ChainCatcher news, according to The Block, the modular blockchain infrastructure project Avail has officially completed the strategic acquisition of the chain abstraction protocol Arcana. According to the integration plan, all XAR tokens will be exchanged for AVAIL tokens at a ratio of 4:1. Arcana's core technical tools will be fully integrated into the Avail technology stack, and its core development team will also join the Avail project.
Regarding the token unlocking mechanism, the AVAIL tokens obtained through the exchange will adopt a linear unlocking period of 6 to 12 months, while the tokens held by the original Arcana team will have an unlocking arrangement of up to 3 years.
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