Avail announces acquisition of chain abstraction agreement Arcana, XAR tokens to be exchanged for AVAIL at a ratio of 4:1

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