Acala Coin (ACA) Price? What to know about the future of Acala Network and its project BitCoin price Prediction – Review and Chart 2022
Acala Coin Price Prediction 2024
Acala Coin It is among the crypto coins traded on stock exchanges. Acala Coin comments and analysis, which are carefully followed by stock market investors, attract great attention. You can follow us and benefit from the information here.
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Acala Coin , one of the key products of Polkadot, one of the rising blockchains of the crypto money market, which has been listed on the stock market one after the other, has reached a high transaction volume. You can find all the information about Acala Coin ‘s project, its future and which crypto money platforms it will be bought and sold on in our guide.
Founder and year of establishment: Fuyao Jiang, Antonia Chen, Bette Chen, Bryan Chen , Ruitao Su / 2019
Blockchain: Polkadot
Total supply: 1 billion
Circulating supply: Unknown
Market cap: Unknown
Lowest price: $1.86
Highest price: $3.10
The purpose of the project: The development of low-fee transactions in decentralized finance and the integration of stable AUSD into the US Dollar.
Use: DeFi and Web3.
Acala Network?
As the decentralized finance network and liquidity center of Polkadot, one of the emerging blockchains of the last period, and established in October 2019, Acala is a scalable, Ethereum compatible and built-in liquidity and ready financial application. It is a Layer 1 smart contract platform optimized for DeFi.
For example, on-chain “keepers” automate protocol execution to better manage risks and improve user experience, or transaction fees that can be paid with almost any token to reduce user friction. Polkadot’s weight-based fee model has micro-gas fees that vary little according to transaction complexity.
Acala Network has a fundamental place in the Polkadot ecosystem for decentralized finance (DeFi). The protocol offers a variety of DeFi products and services, including lending, borrowing, and staking, which ensures Polkadot’s user experience, minimal gas fees, and overall scalability. These financial applications utilize two main protocols: Homa and Honzon. Homa is a tokenized staking liquidity protocol and Honzon is a cross-chain stableCoin protocol. Acala also maintains its own automated market maker (AMM) decentralized exchange (DEX) and decentralized governance structure based on a local governance and services asset, the ACA token.
Stable cryptocurrency (aUSD) known as the Acala Dollar. ) is one of the built-in programmable core elements of the Acala network.
The main purpose of the Acala stableCoin is to expand the scaling solution and interoperability with other networks and ecosystems. Powered by Polkadot network and Substrate technology, Acala’s stableCoin (aUSD) is built to offer unique features such as high security, cross-chain capability, and multi-collateral support. Currency Group has received investment from major crypto funds such as Polychain Capital, Pantera Capital, and Coin base Ventures, as well as 5 major Web3 foundations.
Acala Token (ACA)?
Late August, early September Acala Token went through an ICO process and attracted great attention. Acala network is an EVM-compatible DeFi smart contract platform running as Polkadot parachain. ACA is the native token of the platform that can be used to mint stable Coin s, pay transaction fees, participate in management, earn rewards through staking and liquidity mining.
Where and how to get ACA Token?
Max supply 1 The circulating supply and market value of the billion token is currently unknown. Recently, ACA Token was also listed on major cryptocurrency platforms such as Binance, Gate.io, MEXC, KuCoin .