Arcium announces ARX token with 1 billion total supply

The Solana-native confidential computing network said ARX will serve governance and utility functions, with 20.88% of supply initially circulating and 18.5% allocated to the community.

SOL

Summary

Arcium has unveiled ARX, the governance and utility token for its Solana-native confidential computing network. The project said ARX will have a total supply of 1 billion tokens, with 20.88% available as initial circulating supply and 18.5% set aside for the community. ARX is designed to support network operations, with node operators staking (locking tokens to support network activity) the token to provide compute.

Terms & Concepts
  • confidential computing: Privacy-preserving data processing systems
  • governance token: Token used to vote on project decisions
  • staking: Locking tokens to support network activity