ARPA Foundation Burnt 10mil ARPA Tokens

2 min readJul 28, 2020

Dear community and ARPA supporters:

ARPA foundation has conducted a new round of monthly token burn. 10,000,000 ARPA tokens were burnt in this round. This is worth about $215,000 at the current price. The amount burnt has been sent to the black hole address shown below.

Black hole address:

0x168115cf806009f8984f47c90033e9a9705b4f65

TXID:

0xa106c9fea82f05c61df1fb3286e1c6c79548d178cd2fceb3b75a63bb3ca5c6d0

Browser address:

https://cn.etherscan.com/tx/0xa106c9fea82f05c61df1fb3286e1c6c79548d178cd2fceb3b75a63bb3ca5c6d0

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

July 28, 2020

About ARPA

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 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 with each other 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 proof-of-concepts and MPC products. In 2019, ARPA was named as 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 about@arpachain.io.

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 (Thai): https://t.me/Arpa_Thai

Telegram (Philippines):https://t.me/ARPA_Philippines

Telegram (Turkish): https://t.me/Arpa_Turkey

Telegram(Sri Lanka):https://t.me/arpa_srilanka

Telegram(Africa):https://t.me/arpaafrica

Korean Chats: https://open.kakao.com/o/giExbhmb (Kakao) & https://t.me/arpakoreanofficial (Telegram, new)