ACALA

The De-Fi Hub of the PolkaDot ecosystem

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Overview

Acala is a specialized stablecoin and liquidity blockchain that is decentralized, cross-chain by design, and future-proof with forkless upgradability. Acala stablecoin protocol uses multi-collateral-backing mechanism to create a stablecoin soft-pegged to the US Dollar. The Acala stablecoin protocol is essentially a decentralized monetary reserve that creates a stable currency from a basket of reserve assets, where holders of the reserve assets can spend, trade, access other services without price volatility while retaining their exposure to (without selling) the reserve assets.
Acala powered by Polkadot is cross-chain by nature. The reserve assets can be Polkadot native asset (DOT and DOT-derivatives), Acala native asset (ACA), and cross-chain assets like Bitcoin (BTC) and Ether (ETH).
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ACA is the native token of Acala network. There is a fixed supply of ACA. ACA is the reserve asset to generate Acala stablecoin, and the governance token to regulate stablecoin price by adjusting risk parameters such as interest rate. ACA is also the transaction fees token of the network.
Current Price:$0.09991
Market Cap:$96,146,092 (#461)
Volume (24h):$3,318,010
Circulating Supply:962,499,997
Total Supply:1,074,999,997
All-Time High:$2.79 (1/25/2022)
Last Update:May 15, 2024 05:16:35
More Info:CoinGecko

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Project Rating

We take the following into consideration when forming our opinion: White Paper, Team, Partners, Marketing, Use Case, Tokenomics, Market Size, Competitors, Roadmap, Technology, Progress to Date, Advisors and Board Members. Our rating is not intended to endorse or promote an investment in any specific cryptocurrency.

(4 out of 5)

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Blog

Explore the most recent news and updates on our blog. Find out about recent partnerships, updated roadmaps, staking and liquidity mining opportunities, upgrades, new team members and more. Also, be sure to check out Acala's full Medium page.

Feeds To Follow

Check out the feeds of some popular team members, supporters, followers, etc. of the Acala project.

Project Videos

Check out some notable videos from Acala's channel, including the Latest Video, Spotlight Video and an Intro Video if applicable. Also, be sure to check out Acala's main YouTube channel.

News & Updates

Check out the latest News from top sources and Updates from the team to keep up to date on the project.

Influencer/Misc Videos

Don't miss the top videos from knowledgeable crypto influencers who produce content about the Acala project.

Blockchain Friends

Below are some of the larger blockchain-related friends of the Acala project. This can include partners, forks, collaborations, and otherwise related projects.

Polkadot Project
Polkadot
The first fully-sharded blockchain
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Astar Project
Astar
Smart contract platform supporting multi-blockchains and virtual machines
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Moonbeam Project
Moonbeam
An Ethereum-compatible smart contract parachain on Polkadot
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The Graph Project
The Graph
APIs for a vibrant decentralized future
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Ethereum Project
Ethereum
Home to digital money, global payments, and applications
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Stock Photos

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