From January 26th, we officially list Acala Token (ACA) on the ONUS application. Soon after ACA is added, users can perform the following features:
- Off-chain transactions: Send and receive ACA with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to ACA and vice versa.
Acala is the decentralized finance network and liquidity hub of Polkadot. Acala was founded in Oct 2019, and has received Web3 Foundation grants, has backing from Coinbase Ventures, Pantera Capital, Polychain Capital and other top firms.
Acala is a layer-1 smart contract platform that’s scalable, Ethereum-compatible, and optimized for DeFi with built-in liquidity and ready-made financial applications. With its trustless exchange, decentralized stablecoin (aUSD), DOT Liquid Staking (LDOT), and EVM+, Acala lets developers access the best of Ethereum and the full power of Substrate. Acala’s goal is to be an all-in-one ecosystem that provides financial stability, liquidity, and facilitates the development of crypto assets.
What is ACA Token?
ACA is a native token of the Acala ecosystem, operating on Polygon and can be used to:
- Mint stablecoins.
- Pay transaction fees.
- Participate in governance.
- Earn rewards through staking and liquidity mining.
- Name: Acala Token
- Symbol: ACA
- Platform: Polygon
- Type: Utility, Governance