What is Acala Token?
The Acala Token or ACA is the utility token native to the Acala Network. The latter is a DeFi network with several protocols. It’s deployed on the Polkadot network.
ACA has several use cases. Firstly, it’s used to pay for various fees including transaction fees, stability fees, and penalty fees.
Secondly, the Acala token provides governance rights to its holders. This means that they can cast their vote on various proposals regarding upgrades, parameters, council elections, and treasury governance, among many others.
Moreover, ACA coin holders can also stake their tokens.
Acala Tokens have been distributed as follows:
- 34% - IPO participants, liquidity providers, early participants, oracle operators, and collators;
- 29.13% - Strategic Investors;
- 20.25% - Core Team;
- 11.62% - Acala Foundation Treasury;
- 5% - Acala Ecosystem Development.
The graph above provides a more in-depth look at the Acala Token price history and the current ACA price which can help you to make a more informed decision.
What are the Main Features of Acala Token?
As mentioned in the What is Acala Token section, we’ve established that the Acala crypto project is a decentralized finance network with an integrated suite of products and services. Some of them include DOT Liquid Staking, a trustless exchange, and EVM+. It’s highly scalable and compatible with Ethereum.
Acala comes with its own multi-collateral stablecoin called aUSD. It’s completely decentralized and backed by digital assets.
Who Developed Acala Token?
The Acala Token crypto project was launched in 2019. The author of the project’s whitepaper is the Acala Foundation.
It has received support from major companies including Coinbase Ventures, Pantera Capital, and Polychain Capital.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
248.79K
Followers: 248,795
0.06%
Following
314
0.00%
Posts count
3,451
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
14.02K
Subscribers: 14,027
0.00%
Subreddit type
restricted
Moderators
0
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
14.15K
Members: 14,155
0.37%
Title
Acala (Read-Only)
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
62 / 100
1.64%
Ahrefs Rank
207,813
2.48%
Organic Traffic (mo.)
1,689
66.40%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
135
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
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