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What can you do with Acala?
Store/Hold Acala
Many users hold on to their Acala with the expectation of it increasing in value. You can store your ACA safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Acala
You can trade Acala for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Acala trading to meet your needs.
Send Acala
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Acala online and send to anyone and anywhere with their Acala address.
Spend Acala
You can also buy goods and services with your Acala. More and more vendors and retailers accept Acala every day.
Donate Acala
Bitget Charity accepts Acala donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Acala so no one misses out on the growth made possible by blockchain.
Learn More About Acala
You can read more in-depth articles on Acala from Bitget Research and study how cryptocurrencies like Acala work on Bitget Academy
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What is Acala (ACA)?
Acala is a decentralized finance (DeFi) platform that operates on the Polkadot network. The platform provides a range of financial services, including a stablecoin, a decentralized exchange (DEX), and a liquidity protocol. Acala's main goal is to create a cross-chain DeFi ecosystem that allows for seamless interoperability between different blockchain networks.
Acala was created in 2019 by Fuyao Jiang, Ruitao Su, Bette Chen, and Bryan Chen.
How Acala (ACA) Works
Acala offers four main products:
- Acala's stablecoin, called aUSD, is collateralized by a basket of assets, including cryptocurrencies like Bitcoin and Ethereum, as well as other stablecoins. This basket of assets helps to maintain the stability of aUSD's value, making it a reliable medium of exchange within the Acala ecosystem.
- The platform's DEX, called Acala DEX, allows users to trade cryptocurrencies without the need for a central authority. This means that users can maintain control of their funds while still participating in the decentralized economy.
- Acala's liquidity protocol, called Homa Protocol, enables users to earn interest on their cryptocurrency holdings by providing liquidity to the network. Users can earn rewards in the form of aUSD by locking their cryptocurrency into the protocol's smart contract.
- Acala also features a governance system that allows users to participate in the decision-making process for the platform. Users can propose and vote on changes to the platform's protocols, ensuring that Acala remains decentralized and community-driven.
How Many Acala (ACA) Tokens Are in Circulation?
ACA’s total supply: 1,000,000,000
ACA’s circulating supply: 613,061,111
How to Buy Acala (ACA)
Consider investing in Acala (ACA)? It only takes 2 minutes to create an account on Bitget and start trading ACA.
Check out the available ACA trading pairs on Bitget!
Spot market
Acala (ACA) Resources
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