Acala is an Ethereum-compatible smart contract platform optimized for DeFi on Polkadot.
I. Project Introduction
Acala is the EVM-compatible multi-chain DeFi hub of Polkadot. The platform also offers suite of cross-chain financial applications that let users trade, issue self-serviced loans, become liquidity providers, access staking derivatives, and earn high-interest APY on their digital assets. The network is scalable, Ethereum-compatible, and optimized for DeFi.
II. Token Information
1) Basic Information
Token name: ACA (Acala)
Total supply: 1,000,000,000
Tokens in Circulation: 69,304,481
2) Token Distribution and Token Release Schedule:
|Party||% of the total||Token Release Schedule|
|Founders & Early Team||20.25%||After locking for 18 months, vesting for 18 months|
|Early Backers||18.33%||After locking for 6 months, vesting for 12 months|
|Backers||11.66%||After locking for 1 months, vesting for 5 months|
|Community||49.76%||20% of the total 17% of the first slot auction will be released directly, and the remaining 2 years will be released linearly. Other parts are reserved for the foundation for ecological development and slot auctions, incentives, etc.|
III. Related Links
Official Website: http://acala.network/
Whitepaper Link: https://github.com/AcalaNetwork/Acala-white-paper
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Huobi does not take responsibility for any resulting direct or indirect losses.
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