Acala Token PriceACA

What is Acala Token (ACA)?

Acala Token (ACA) is the native utility and governance token of the Acala Network, a decentralised liquidity blockchain built to serve as the DeFi hub of the Polkadot ecosystem. Acala describes itself as building the liquidity layer for web3 finance that is captive and sustainable, aiming to provide infrastructures for HyFi (DeFi + CeFi) solutions with crypto and real-world assets. The network offers a Universal Asset Hub that hosts multichain liquid staking token protocols such as Liquid DOT (LDOT), an AMM decentralised exchange, and an EVM-compatible application platform built on Substrate. Acala is secured by Polkadot and positions itself as the liquidity gateway of Polkadot parachains and L1/L2 blockchains. The ACA token has a total supply capped at 1.6 billion tokens, with approximately 1.17 billion ACA circulating, representing roughly 72.92% of the total supply. The project was founded in 2019 and launched its start date on Aug. 28, 2020, and continues to develop its ecosystem of DeFi products and cross-chain infrastructure.

Key Specifications & Tokenomics

• Name: Acala Token
• Ticker / Symbol: ACA
• Consensus: Secured by Polkadot
• Smart Contracts: EVM-compatible platform based on Substrate
• Category: DeFi, Polkadot Ecosystem, Injective Ecosystem
• Max Supply: 1,600,000,000 ACA
• Total Supply: 1,600,000,000 ACA
• Circulating Supply: 1,166,666,660 ACA
• Annual Emissions: 100 million ACA for up to six years
• Burn Mechanism: 1% of unspent emissions burned monthly, plus 20% of accumulated network fees
• Official Website: https://acala.network/
• Whitepaper / Wiki: https://wiki.acala.network/
• Block Explorer: acala.subscan.io
• CertiK Rating: 3.5

Who created Acala Token?

The Acala Network was founded in 2019 by Ruitao Su, Bette Chen, Fuyao Jiang, and Bryan Chen through the Acala foundation. The founding team also includes Antonia Chen as a co-founder. These founders brought together experience from various backgrounds to build a decentralised liquidity blockchain focused on web3 finance. The project raised $61 million through an initial coin offering (ICO) in September 2021, demonstrating significant early investor confidence in the vision of creating a cross-chain DeFi hub for Polkadot, Kusama, and beyond. The team has continued to develop the network's core products, including the Homa Protocol, Euphrates, and the Universal Asset Hub, while maintaining an active presence in the Polkadot ecosystem.

How does Acala Token work?

Acala operates as a decentralised liquidity blockchain built on Substrate, secured by Polkadot, with built-in cross-chain capabilities that enable integration of diverse assets for institutions, projects, and individual users. The network's Universal Asset Hub hosts multichain liquid staking token protocols, an AMM decentralised exchange, and an EVM-compatible application platform that is highly customisable. The Homa Protocol empowers users to maintain liquidity of staked assets without sacrificing staking rewards, with Liquid DOT (LDOT) as its current live product. LDOT represents staked DOT plus accrued rewards, allowing users to employ it in liquidity pools or use it as collateral in DeFi applications. The network also features Euphrates, a liquidity distribution platform that serves as a one-stop shop for users seeking financial opportunities and for developers aiming to boost liquidity to their applications. Acala's composable DeFi stack allows advanced financial operations leveraging oracle feeds for smart contract development.

What makes Acala Token unique and valuable?

Acala distinguishes itself through its positioning as the liquidity gateway of Polkadot parachains and L1/L2 blockchains, providing unified liquidity and built-in cross-chain capabilities. The network's technology is optimised to support Layer 1, 2, 3, 4, and 0 blockchains, utilising tools like the Universal Asset Hub and decentralised exchange. Acala provides backend infrastructure for traditional finance that is trusted by institutions including Coinbase, Figment, Current.com, and Credora. The project's HyFi approach blends decentralised and centralised finance solutions, providing infrastructures that support both crypto and real-world assets. The network's composable DeFi stack enables advanced financial operations, while products like LDOT and Euphrates exemplify its mission by providing liquid staking solutions, liquidity distribution platforms, and a liquidity centre ideal for building robust decentralised applications. These solutions empower users globally to stake assets, maintain liquidity, and participate in various financial activities.

What is Acala Token used for?

ACA serves multiple critical functions within the Acala Network. As a governance token, ACA is pivotal in regulating network parameters and acting as the transaction fee token within Acala. Token holders can participate in decision-making processes that shape the future of the network, including protocol upgrades and other critical changes, underscoring Acala's decentralised governance framework. ACA also serves as a payment token for transactions on the network and functions as a staking token. The utility token powers the Acala ecosystem, enabling users to engage with the network's various DeFi products and services. Additionally, ACA is distributed as rewards to LDOT holders, with 1.2 million ACA tokens allocated for this purpose, encouraging participation in the ecosystem's liquid staking and restaking activities.

How Is the Acala Token ecosystem developing?

The Acala ecosystem continues to develop around its core products and infrastructure. The Universal Asset Hub hosts multichain liquid staking token protocols, an AMM decentralised exchange, and an EVM-compatible app platform. Liquid DOT (LDOT) provides a liquid staking solution that allows users to stake DOT while maintaining liquidity, and Euphrates serves as a liquidity distribution platform offering diverse financial opportunities. The network also introduced aSEED, formerly aUSD, which provides users with flexibility to exit existing holdings or engage in future growth of Acala's active aUSD treasury, with redemption criteria set by governance. Liquid Crowdloan DOT (LCDOT) represented DOT locked during Acala's crowdloan, providing liquidity while DOT was staked, and holders could convert LCDOT back to DOT at a 1:1 ratio. The ecosystem is supported by a reward program distributing 1.2 million ACA tokens to LDOT holders, and the network maintains active community engagement through its X/Twitter account and other channels.

How to mine Acala Token?

ACA is not mined through traditional proof-of-work mechanisms. Instead, the token is emitted through the network's staking and liquidity incentive programs. Acala Network emits 100 million ACA annually for up to six years, with half of these emissions allocated to ACA staking, encouraging active participation in network security and governance. The other half is directed toward yield farming in liquidity pools, supporting DApps on the Universal Asset Hub, Euphrates, and other initiatives aimed at boosting liquidity and adoption. Users can earn ACA by staking tokens, participating in liquidity pools, or engaging with the network's various DeFi products. The network regularly burns 1% of any unspent emissions each month, along with 20% of accumulated network fees, actions subject to governance adjustments that have the potential to make ACA deflationary over time.

How to keep your Acala Token safe?

Keeping your ACA tokens safe requires adherence to standard cryptocurrency security practices. Use hardware wallets for long-term storage of significant holdings, as they keep private keys offline and protected from online threats. When interacting with the Acala Network or any DeFi platform, ensure you are using official websites and verified links, and double-check URLs before connecting your wallet. Enable two-factor authentication on any exchange accounts and use strong, unique passwords. Be cautious of phishing attempts, fake social media accounts, and unsolicited messages offering token rewards or requiring wallet connections. Regularly update your wallet software and devices to benefit from the latest security patches. For governance participation and staking, understand the risks involved and only commit tokens you can afford to lock. Consider diversifying storage methods and never share your private keys or seed phrases with anyone.

How to buy Acala Token Coin?

ACA is listed on major cryptocurrency exchanges and can be purchased through a secure and liquid trading platform like BTCC. To buy ACA Coin, follow these general steps:

Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.

Deposit Funds: Deposit fiat currency via bank transfer, card, or third-party payment, or transfer USDT from an external wallet into your BTCC account.

Start Trading: Go to the trading page and search for the spot trading pair ACA/USDT or the perpetual contract ACAUSDT.

Place an Order: Enter the amount of ACA you wish to purchase and submit the order. For contract trading, you can also choose to go short and adjust the leverage multiplier according to your strategy and risk tolerance.

Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.