ARPA Foundation Burnt 10mil ARPA Tokens

2 min readMar 27, 2020

Dear community and ARPA supporters:

ARPA foundation has conducted a new round of monthly token burn. 10,000,000 ARPA tokens were burnt from its reserve. This is worth about $70,000 at the current price. The amount burnt has been sent to the black hole address shown below.

Black hole address:

0x168115cf806009f8984f47c90033e9a9705b4f65

TXID:

0x2d50d4df7c0423ffcecf2efe15000ec7b0b67f00f97d9a761ac0dc963e973dcc

Browser address:

https://cn.etherscan.com/tx/0x2d50d4df7c0423ffcecf2efe15000ec7b0b67f00f97d9a761ac0dc963e973dcc

In addition, ARPA team has extend the first release of the team tokens by 1 year, to July 27, 2020.

ARPA Foundation is confident that ARPA supporters will benefit from 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.

ARPA Foundation

March 27, 2020

About ARPA

ARPA is committed to providing secure data transfer solutions based on cryptographic operations for businesses and individuals.

The ARPA secure multi-party computing network can be used as a protocol layer to implement privacy computing capabilities for public chains, and it enables developers to build efficient, secure, and data-protected business applications on private smart contracts. Enterprise and personal data can, therefore, be analyzed securely on the ARPA computing network without fear of exposing the data to any third party.

ARPA’s multi-party computing technology supports secure data markets, precision marketing, credit score calculations, and even the safe realization of personal data.

ARPA’s core team is international, with PhDs in cryptography from Tsinghua University, experienced systems engineers from Google, Uber, Amazon, Huawei and Mitsubishi, blockchain experts from the University of Tokyo, AIG, and the World Bank. We also have hired data scientists from CircleUp, as well as financial and data professionals from Fosun and Fidelity Investments.

For more information about ARPA, or to join our team, please contact us at about@arpachain.io or reach us at: