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Acala is an Ethereum-compatible smart contract platform optimized for DeFi on Polkadot.
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ACA (Acala)

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

Discord: https://discord.gg/6QHVY4X 

Telegarm: https://t.me/acalaofficial

Twitter: https://twitter.com/AcalaNetwork

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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Huobi reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi. Prices of digital assets are highly volatile and trading digital assets is risky. Please read our Risk Reminder text here.