Acala (#ACA ) Fundamental Analysis

Lighting Acala

The DeFi hub on Polkadot is powered by the utility coin known as ACA. It can be used for a variety of things, such as covering microgas expenses, rewarding network nodes, and serving as a governance token. Let's now review these characteristics.

Transaction Fees – Runs smart contracts and provides microgas fees.

Node Incentive – encourages network nodes to keep an eye on and send notifications to Polkadot.

Governance – gives the people of Acala the opportunity to vote, choose council members, and direct development.

Algorithmic risk adjustment – ​​risk criteria such as interest rates or collateral ratio are automatically adjusted.

Pallet Deployment – ​​Allows teams supporting ACA to deploy new substrate pallets on the Acala blockchain.

ACA Tokenomics

ACA has a fixed amount of 1,000,000,000 and is a utility token. The genesis block will be used to mint the entire supply at launch.

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