Acala Network ACA
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Score Sentiment Neutral
Fundraising Statistics
$0.03 +1.06%
$1
1confirmation Tier 1
Polychain Capital Tier 1
Arrington XRP Tier 2 ACAAcala Network
USDCUSD Coin
Short Review Acala Network
Crypto project Acala Network (ACA) is classified as a Governance Token. Acala Network is a Utility token that is hosted on the Acala Network. The current total supply is 1,000,000,000 (Circulating Supply + Tokens yet to be released - Burned Tokens). The level of social activity of the Acala Network project is assessed as Medium.
Acala Network ICO Overview
Public sale of tokens will take place on the Tokensoft Launchpad. Estimated date for the public token sale: 5 September 2021. Acala Network (ACA) price during the token sale: 1 USD. You can purchase project tokens for ETH USDC DOT
Residents of the following countries will not be able to participate in the public sale of tokens: China Crimea Cuba Iran NEW ZEALAND North Korea Syria UKRAINE Unaccredited US investors
ACA Price Chart
The launch of ACA token trading took place on 25 January 2022.
Fundraising Rounds
Total sold 107.59 M ACA tokens (0.11% of total tokens). Total amount of funds raised by the Acala Network project is $1.46 B.
| Investment Round | Date | Price | Funds Raised |
| Crowdloan | November 2021 | -- | $1.39 B |
| Public Sale (IDO on Tokensoft) # 2 | August 2021 | $1.00 | $61.00 M |
| Public Sale (IDO on Tokensoft) # 1 | April 2021 | $0.67 | -- |
| Series A | August 2020 | -- | $7.30 M |
| Seed | March 27, 2020 | -- | $1.40 M |
Acala Network Investors
1confirmation Tier 1 Polychain Capital Tier 1 Arrington XRP Tier 2
CoinFund Tier 2
Hypersphere Ventures Tier 2
Pantera Capital Tier 2Acala cryptocurrency (ACA)
ACA is its own utility token Acala network, which is a decentralized financial platform. This is a layer 1 smart contract platform built on the Polkadot blockchain. It is expected to provide more options for the use of smart contracts while maintaining cross-chain compatibility. One of the important features of Acala is its compatibility with Ethereum. Acala aims to become a provider of stability and liquidity in the crypto world.
The ACA coin has several uses, including payment of transaction fees, stability fees, and penalties.
ACA token holders have a number of options. They gain the right to propose network improvements and risk adjustments. All proposals are considered and implemented if they meet the needs of the network. They can also vote on management decisions and board members.
The white paper states that ACA token holders who choose to actively participate in governance do not receive any revenue from the network. On the other hand, nodes are rewarded in ACA for their work.
To make a profit when using the Acala network, you can also stake ACA tokens.
History of the Acala Project
The Acala network was launched in 2019 by Ruitao Su, Bette Chen, Fuyao Jiang and Brian Chen through the Acala Foundation, which is to monitor the network until it will not achieve complete decentralization. All founders have extensive experience in software development, trading and creating online platforms. Ruitao Su is the co-founder and CEO of Laminar and Less Code Limited. Bette Chen is another co-founder of Laminar, specializing in software development, and Fuyao Jiang had a hand in creating Polkawallet.
Advantages of Acala (ACA)
- Passive income through staking ACA tokens.
- Participation in governance. ACA token holders have the opportunity to vote and propose ideas for the development of the project.
- Compatible with Ethereum. Gives more opportunities for ACA in the field of DeFi.
Disadvantages of Acala (ACA)
- It is difficult to talk about the disadvantages of the ACA token, since it is a native utility token. However, some users believe that the fact that the token can only be used within one platform is a serious disadvantage.
