About Acala Network
Acala Network is the all-in-one DeFi hub of Polkadot. Acala is an Ethereum-compatible platform for financial applications to use smart contracts or built-in protocols with out-of-the-box cross-chain capabilities and robust security. The platform also offers a suite of financial applications including: a trustless staking derivative (liquid DOT), a multi-collateralized stablecoin backed by cross-chain assets (aUSD), and an AMM DEX – all with micro gas fees that can be paid in any token.
Acala is an all-in-one decentralized finance network offering a blockchain platform secured by Polkadot, as well as a suite of cross-chain financial applications that let users trade on Acala Swap, issue self-serviced loans with the Acala Dollar stablecoin (aUSD), become liquidity providers, access staking derivatives with Liquid DOT staking (LDOT), and earn high-interest APY on their digital assets. The network is scalable, Ethereum-compatible, and optimized for DeFi.
The network will also be bridged to Ethereum, Bitcoin, and other networks such as Compound Gateway, for which Acala received an inaugural grant from Compound. Acala is building hybrid crypto and fintech products with US fintech company, Current, to bring DeFi yield to Current’s three million U.S customers. You can try Acala’s Apps on testnet today.
| ICO | DETAILS |
|---|---|
| Company Name | Multigame |
| Token Symbol | MULTI |
| Pre-sale price | DOT 0.016 |
| Min/Max personal Cap | 30 DOT / 50 DOT |
| Total Supply | 1,000,000,000 |
| Circulating Supply | ACA 47,100,000 |
| Support | 24/7 |
| Language | English |
| Social Support | Yes |
| Website | Homepage |
Acala was founded
Acala was founded in Oct 2019, and today has received five Web3 Foundation grants, has backing from Coinbase Ventures, Pantera Capital, Polychain Capital, and other top firms, and has a distributed team in New Zealand, China, Europe, South America, and the United States.
Stable Currency
Multiple-asset-backed decentralized digital currency without volatility. Stable by design, aUSD enables borderless and low-cost value transfer globally across all connected blockchains.
Staking Liquidity
Release staked assets (DOTs) as fungible & liquid assets (L-DOTs), extracting the derivative value of staked assets to fuel DeFi without sacrificing the security of the whole network.
Powered by Polkadot
Acala Network is secured under Polkadot’s shared security model, ensuring high resilience and forkless upgradability.
Influence by Ownership
A decentralized network governed entirely by Acala Network Token (ACA) holders to achieve a transparent future: a future based on more truth and less trust.
Acala Apps
Borrow
Borrow aUSD and manage outstanding loans.
Earn
Earn interest on aUSD.
Trade
Trade tokens on Decentralized Exchange.
Govern
Participate in governance by ACA holders.
Token Economy
This paper outlines key utilities of the ACA tokens, its distribution model to support continuous R&D and gradual decentralization, and explores economic models to participate in parachain auctions over multiple periods under varied circumstances.
Decentralized Sovereign Wealth Fund (dSWF)
This paper proposes a self-sustaining economic model for the era of connected digital jurisdictions – a dSWF to hold foreign cryptocurrency reserve with value, yield & utility, to secure a parachain on for itself & others, R&D for generations to come, all on behalf of & governed by token holders.
Acala Whitepaper
This paper introduces and elaborates on two decentralized protocols that enable cross-chain financial stability and liquidity on the Polkadot network – the Honzon Stablecoin Protocol and the Homa Tokenized Staking Liquidity Protocol.
Get Involved
Consortium
Become a member of the Acala Network, jointly govern and develop an open, transparent and stable financial platform.
Integrations
Collaborate and build with Acala members, integrate Acala stablecoin into your products and services.
Backers
Talk to us about backing the Acala, Laminar, and Polkawallet portfolio.
Ecosystem Projects
This program identifies, engages and supports projects that are using and integrating with Acala’s technologies (aUSD stablecoin, L-DOT staking liquidity, Decentralized Exchange etc). Ecosystem projects will have opportunities for technical and marketing collaborations and beyond.
Meet Team
Robin Whitney
Community/Growth Manager
Kenneth
Advisor
Hutch
Advisor/Contributor
Chloe
UI Designer