Acala Token company info

What does Acala Token do?
Acala Token (CRYPTO:ACA) is the native utility and governance token of the Acala network, a decentralized finance (DeFi) hub on Polkadot. ACA is used to power the Acala network and its various products and services, including a decentralized exchange (DEX), a lending platform, and a stablecoin. The Acala team is working on a number of projects to expand the use of ACA, such as developing a decentralized bridge and a decentralized asset management platform. The Acala team is committed to making ACA the most widely used and accepted utility and governance token in the Polkadot ecosystem. The team believes that ACA will play a key role in the development of the Acala network and the future of DeFi.
Company Snapshot

How many people does Acala Token employ?

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Employees
51-200

What is the market cap for Acala Token?

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Market Cap
$102.91M

Where is the head office for Acala Token?

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Head Office
Singapore

What year was Acala Token founded?

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Year Founded
2019
What does Acala Token specialise in?
/Arrington XRP Capital Portfolio /DeFi /Polkadot /Polkadot Ecosystem /Spartan Group /Substrate

What are the products and/or services of Acala Token?

Overview of Acala Token offerings
Decentralized asset management platform: The Acala team is also developing a decentralized asset management platform that will allow users to invest in a variety of DeFi assets using ACA. This platform will make it easier for users to get started with DeFi and to invest in a variety of different assets.
Decentralized bridge: The Acala team is developing a decentralized bridge that will allow users to transfer ACA between the Ethereum and Polkadot blockchains. This will make it easier for users to access the Acala network and its various products and services.
Governance: ACA holders can use their tokens to participate in governance on the Acala network. This includes voting on proposals and electing members of the Acala Council.
Rewards: ACA holders can stake their tokens to earn rewards. Rewards are paid out in ACA and can be used to pay for transaction fees, participate in governance, or sold on exchanges.
Stablecoin: Acala is developing a decentralized stablecoin called aUSD. aUSD will be pegged to the US dollar and will be backed by a basket of assets. ACA holders will be able to use their tokens to mint and redeem aUSD.
Transaction fees: ACA can be used to pay for transaction fees on the Acala network. This includes fees for using the DEX, lending platform, and stablecoin.