ACA Token is the foundational cryptocurrency of the Acala network, a decentralized finance (DeFi) platform designed to operate across multiple blockchains, with a focus on the Polkadot ecosystem ¹. It's primarily used for transaction fee payments, governance, and as a stabilizing mechanism during volatile market conditions ¹.$ACA
*Key Features:*
- _Decentralized Finance Platform_: ACA Token facilitates various operations and services on the Acala network ¹.
- _Transaction Fees_: Used for payment of transaction fees within the network ¹.
- _Governance_: ACA Token holders participate in decision-making processes and contribute to the development and modification of the network's protocols and features ¹.
- _Stabilizing Mechanism_: Helps maintain the network's stability and security during sudden market changes ¹.
- _HedgeBoard System_: Offers a performance verification tracking service and a 100% insurance refund on all losing trades ¹.
*Token Details:*
- Symbol: ACA
- Total Supply: 100 million ACA
- Circulating Supply