Acala is the all-in-one DeFi hub of Polkadot. Acala is an Ethereum-compatible platform for financial applications to use smart contracts or built-in protocols with out-of-the-box cross-chain capabilities and robust security.
The platform also offers a suite of financial applications including a trustless staking derivative (liquid DOT), a multi-collateralized stable coin backed by cross-chain assets (USD), and an AMM DEX – all with micro gas fees that can be paid in any token.
Features
Stable Currency
Multiple-asset-backed decentralized digital currency without volatility. Stable by design, aUSD enables borderless and low-cost value transfer globally across all connected blockchains.
Staking Liquidity
Release staked assets (DOTs) as fungible & liquid assets (L-DOTs), extracting the derivative value of staked assets to fuel DeFi without sacrificing the security of the whole network.
Powered by Polkadot
Acala Network is secured under Polkadot’s shared security model, ensuring high resilience and forkless upgradability.
Influence by Ownership
A decentralized network governed entirely by Acala Network Token (ACA) holders to achieve a transparent future: a future based on more truth and less trust.
Parachain Auction Token Details
ACA will be rewarded to participants who support the Parachain Auction with ACA. Upon receipt, a portion of this ACA will be unlocked and transferable, while the remaining portion will be vested and released gradually over the parachain slot duration.
Vesting
A % (TBD) of your initial ACA from the Parachain Auction will have a linear vest over the course of the parachain slot lease.
ACA Reward
Supporters will receive at least X ACA (TBD) for every 1 DOT contributed. This can increase depending on participation levels.
Total Rewards
A percentage (TBD) of the supply will be issued as a reward to supporters of the first Parachain Auction.
Liquid
A percentage (TBD) of your initial ACA from the Parachain Auction will be unlocked, liquid, and usable within Acala’s DeFi ecosystem.
Upcoming token sale
The token sale will start on 30th August and will end on 3rd September.
Ticker: ACA
Token type: Own blockchain
Fundraising Goal: Token
Total Tokens: 1,000,000,000
To know the price of the coins click here
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Dislcaimer
this news and reviews blogs are only to educate, inform and deliver information to the public and is not an investment advice. Nothing should be taken as an offer to buy, sell or hold any cryptocurrency
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