ACA Token

ACA Token (ACA)

Full information about ACA Token (ACA). Current ACA Token price in TRY, ACA open/close rates, ACA Token history charts, ACA Token market capitalization and volume.

1 ACA = 2.87 ₤ Turkish Lira (TRY)
0.0664253 TRY

Last updated: 2024-10-01 01:40:00 UTC - about 1 year ago 1 USD = 43.189297 TRY

General information
Global rank:1403
Name: ACA Token ACA Token
Symbol:ACA
Current coin price (TRY):2.87 ₤
Last hour:arrow_upward1.17 %
Last 24 hours:arrow_downward-4.10 %
Last 7 days:-3.11 %trending_down
Capitalisation (TRY):158 246 318.43 ₤
Volume 24h (TRY):6 294 321.77 ₤
Available supply:55 159 939.00 ACA
Total coin supply:1 000 000 000.00 ACA
Start date:2021-12-18
Last updated: 2024-10-01 01:40:00 UTC - about 1 year ago

ACA Token/Turkish Lira (ACA/TRY) price chart

ACA Token/Turkish Lira (ACA/TRY) capitalisation and volume charts

What is it?

Token: Acala (ACA)Acala (ACA) is the native utility token of the Acala Network, functioning as its primary means of governance, staking, and utility within the ecosystem. As a fungible ERC-20 compliant token, ACA is often used for paying network fees, participating in governance decisions, and staking to secure the network's operations.

Platform: Acala NetworkThe Acala Network is a decentralized finance (DeFi) hub and stablecoin platform built on the Polkadot ecosystem. Its aim is to facilitate cross-chain liquidity and offer a suite of financial applications, including a multi-collateralized stablecoin (aUSD), a decentralized exchange (DEX), and staking derivatives. Given Polkadot's interoperability features, Acala Network is poised to connect various blockchains, thereby increasing liquidity and utility in the decentralized finance sector.

What is it used for?

Acala (ACA) is multifaceted in its use-cases within the Acala Network:

  • Governance: ACA holders can participate in the network's governance by voting on proposals, updates, or changes to the network's parameters.
  • Staking: Users can stake ACA to contribute to the network's security and in return, earn rewards.
  • Network Fees: ACA is used to pay for transaction and smart contract execution fees within the Acala Network.
  • Collateral: It serves as one of the collateral options for minting the platform's stablecoin, aUSD.

Who created it?

Acala was founded by Ruitao Su and Bette Chen, who brought together their collective expertise in blockchain, finance, and engineering to develop a DeFi-centric platform in the Polkadot ecosystem.