2021 Q3 Quarterly Token Burn: 5 million ARPA Tokens Burnt
Dear community and ARPA supporters:
ARPA foundation has conducted a round of quarterly token burn as we mentioned in the earlier roadmap update. 5,000,000 ARPA tokens were burnt in this round, worth about $345,545 at the current price. The amount burnt has been sent to the black hole address shown below.
By the end of this round of token burn, the total amount of ARPA burnt adds up to 152,000,000, accounting for 15.2% of the circulation supply(1,000,000,000), 7.6% of the total supply(2,000,000,000), worth around 10,500,000 USD as of now.
Black hole address:
ARPA Foundation is confident that ARPA supporters will benefit from the deflation of token supply. We are going to explore more use cases for both privacy-preserving computation and ARPA token. Thank you very much for all your support.
September 30th, 2021
ARPA is a blockchain-based solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies while keeping each party’s data input private and secure. ARPA allows secret sharing of private data, and the correctness of computation is verifiable using the information-theoretic Message Authentication Code (MAC).
Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include: credit anti-fraud, secure data wallet, precision marketing, joint AI model training, key management systems, etc. For example, banks using the ARPA network can share their credit blacklist for risk management purposes without exposing their customer data or privacy.
Team members have worked at leading institutions such as Google, Amazon, Huawei, Fosun, Tsinghua University, Fidelity Investments. ARPA is currently assisting the China Academy of Information and Communications Technology in setting the national standard for secure multi-party computation. ARPA is a corporate member of MPC Alliance and IEEE and is in partnership with fortune 500 companies to implement proofs-of-concept and MPC products. In 2019, ARPA was named the Top 10 most innovative blockchain companies in China by China Enterprise News and China Software Industry Association.
For more information about ARPA or to join our team, please contact us at firstname.lastname@example.org.
Learn about ARPA’s recent official news：
Telegram (English): https://t.me/arpa_community
Telegram (Việt Nam): https://t.me/ARPAVietnam
Telegram (Russian): https://t.me/arpa_community_ru
Telegram (Indonesian): https://t.me/Arpa_Indonesia
Telegram (Turkish): https://t.me/Arpa_Turkey