Acala Token (ACA) is a multifaceted cryptocurrency within the Acala Network, a decentralized finance (DeFi) hub on the Polkadot platform. ACA serves multiple roles, including governance, transaction fees, and staking, making it integral to the network's operations ¹.$ACA
*Key Features:*
- _Decentralized Governance_: ACA token holders have voting power in the AcalaDAO, overseeing the protocol and its development.
- _Universal Asset Hub_: Hosts multichain liquid staking token protocols, an AMM decentralized exchange, and a customizable app platform.
- _Liquidity Gateway_: Facilitates seamless transfer of assets across different blockchain networks.
*Token Information:*
- Circulating supply: 1,079,999,995 ACA
- Total supply: 1,124,999,995 ACA
- Market capitalization: $63,945,504 ¹
*Use Cases:*
- Governance and voting
- Transaction fees
- Staking and yield farming
- Decentralized finance (DeFi) applications
- Cross-chain listings and interoperability
*Founders:*
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