The Arena (ARENA)
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About ARENA
The Arena (ARENA) is a SocialFi platform on Avalanche’s C-Chain that tokenizes creator engagement via tradable 'tickets.' Originally launched as Stars Arena, it was acquired and rebranded in late 2023 after recovering from a major exploit. Under new leadership and backed by investors like Avalanche’s Blizzard Fund and Balaji Srinivasan, the platform surpassed 200K users and over $100M in trading volume. Users buy tickets to access exclusive content, earn from trades, and participate in airdrops and referrals. ARENA, the native token, has a capped supply of 10B and is traded on Avalanche DEXs like Pharaoh Exchange and Pangolin.
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Frequently Asked Questions about The Arena
What is The Arena?
The Arena is a SocialFi app on Avalanche C-Chain where users buy and trade creator 'tickets' to access exclusive content, earn rewards, and tip directly with AVAX.
What is the ARENA token used for?
ARENA is the native utility token for the platform, used for trading liquidity, ecosystem incentives, and future governance participation.
Where can I trade ARENA?
ARENA is traded on Avalanche-based DEXs like Pharaoh Exchange, Pangolin, LFJ V2.2, Arena DEX, and Dexalot.
What are creator tickets on The Arena?
Tickets are tradable tokens tied to creator profiles that unlock messaging access, exclusive content, and a share of trading fees.
What wallets support ARENA?
Recommended wallets include Bitcoin.com Wallet, Core Wallet, MetaMask, Trust Wallet, and hardware wallets like Ledger and Trezor.
How does The Arena reward users?
Users earn weekly airdrops for activity, receive 1% referral fees, and gain access to ticket perks by tipping or engaging with posts.
Is The Arena audited?
Yes. After a $3M exploit in October 2023, the team recovered funds, migrated to multisig custody, and engaged Paladin for auditing.
What features are planned next?
Upcoming features include Arena Stages (live audio), Arena Groups, an in-app store, multichain support, and a native mobile app.
Can I use fiat to join The Arena?
Yes. The platform integrates Stripe for credit card on-ramps and auto-generated wallets for seamless onboarding.
Who invested in The Arena?
Investors include Blizzard Fund (Avalanche), Balaji Srinivasan, D1 Ventures, Fenbushi, Republic, Trader Joe, and Benqi.