What is Acala Token (ACA)? Polkadot DeFi and Liquidity Center

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Bittime  - The world of decentralized finance ( DeFi ) continues to grow rapidly, and Polkadot, a multi-chain blockchain platform, is becoming one of the major players in this ecosystem.

Acala, as Polkadot's DeFi and liquidity hub, offers a variety of innovative products and features for users looking to harness the power of DeFi.

Acala Token (ACA ) is the key to unlocking the door to the many services and benefits that Acala offers. 

What is Acala Token (ACA)

Acala Token (ACA) is a utility token that powers Polkadot's DeFi hub, Acala. The Acala platform allows users to:

• Storing assets:

  Stores a variety of digital assets, including stablecoins, ERC-20 tokens , and DOT.

• Borrowing and lending:

  Obtaining a loan secured by assets or lending assets to earn interest.

• Participate in margin trading:

  Trading assets with leverage.

• Participate in governance:

  Elect the board and vote on governance proposals.

Acala Token (ACA) Key Products & Features

• Honzon:

  A stablecoin protocol that allows the minting of EUR, USD and CNY stablecoins collateralized by DOT.

• Lending & Borrowing:

  Decentralized lending and borrowing marketplace for various assets.

• DEX:

  Decentralized exchange for peer-to-peer asset trading.

• Liquid Staking:

  Staking DOT and earning liquid tokens (LDOT) for use in DeFi.

• Acala EVM:

  An Ethereum virtual machine that allows developers to deploy Ethereum dApps on Acala.

Also read: Leveraging Blockchain to Increase Machine Learning Accessibility

What is ACA Token

ACA token is Acala's native utility token which has several functions:

• Governance:

  Elect the board and vote on governance proposals.

• Staking:

  Staking ACA tokens to earn rewards and secure the network.

• Cost:

  Pay platform fees for various services, such as loans and trading.

• Incentive:

  Used to encourage participation in the Acala ecosystem.

Tokenomic Token ACA

• Maximum Supply: 1,600,000,000 ACA
• Circulating Supply: 962,499,997 ACA
• Distribution:
  • 50% - Public sale
  • 25% - Team and advisors
  • 15% - Ecosystem and development
  • 10% - Acala Foundation

Today's ACA Prices

Based on today's Bittime market, the price of ACA was observed to have decreased by 4.09 percent in the last 24 hours. Currently the price for ACA to IDR is IDR 1778.

Source: Bittime

Also read:

Acala Token (ACA) Fundamental Analysis

• Strong team:

  The Acala team consists of experienced people in the fields of blockchain and finance.

• Innovative technology:

  Acala offers a variety of innovative DeFi products and features.

• Growing community:

  Acala has an active and fast-growing community.

• Polkadot Support:

  Acala benefits from the vast Polkadot ecosystem.

Comparison of Acala Token (ACA) & Competitors

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Expert Opinion About Acala Token (ACA)

Experts are generally positive about Acala Token (ACA).

• Messary:

  "Acala is one of the most ambitious DeFi projects on Polkadot."

• CoinGecko:

  "Acala has the potential to become a major player in the Polkadot DeFi space."

• LunarCrush:

  "Acala has an active and thriving community."

Founder and Team of Acala Token (ACA) Blockchain

Acala was founded by Ruitao Su and Bette Chen. The Acala team consists of experienced people in the fields of blockchain and finance.

Conclusion

Acala Token (ACA) is a utility token that plays an important role in the Acala ecosystem. ACA offers a variety of benefits to its users, including governance, staking, fee payments, and incentives. Acala has a strong team, innovative technology, a fast-growing community, and benefits from the vast Polkadot ecosystem.

While the ACA has great potential, it is important to remember that investing in crypto assets always carries risks. Investors should do their own research and understand the risks involved before investing in the ACA.

How to Buy Acala Token (ACA) on Bittime

You can buy and sell Acala (ACA) in an easy and safe way via Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

Acala (ACA) is available on Bittime with the ACA/IDR  market pair. To be able to buy ACA IDR  on  Bittime,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  the complete guide on how to buy Acala (ACA) on Bittime.

Monitor price  chart movements  for Acala (ACA) ,  Bitcoin (BTC) ,  Ethereum (ETH ),  Solana (SOL )  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

Getting to know ERC-7265: The DeFi Security Token Standard

Gemini Trust and DCG Suspected of Being Involved in a Scam, Bad News for the Crypto Industry

Solana (SOL) Price Jumps 19% in a Week, Is $120 the Next Target?

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.