What is Acala (ACA)?
Acala is a decentralized finance (DeFi) platform that operates on the Polkadot network. The platform provides a range of financial services, including a stablecoin, a decentralized exchange (DEX), and a liquidity protocol. Acala's main goal is to create a cross-chain DeFi ecosystem that allows for seamless interoperability between different blockchain networks.
Acala was created in 2019 by Fuyao Jiang, Ruitao Su, Bette Chen, and Bryan Chen.
How Acala (ACA) Works
Acala offers four main products:
- Acala's stablecoin, called aUSD, is collateralized by a basket of assets, including cryptocurrencies like Bitcoin and Ethereum, as well as other stablecoins. This basket of assets helps to maintain the stability of aUSD's value, making it a reliable medium of exchange within the Acala ecosystem.
- The platform's DEX, called Acala DEX, allows users to trade cryptocurrencies without the need for a central authority. This means that users can maintain control of their funds while still participating in the decentralized economy.
- Acala's liquidity protocol, called Homa Protocol, enables users to earn interest on their cryptocurrency holdings by providing liquidity to the network. Users can earn rewards in the form of aUSD by locking their cryptocurrency into the protocol's smart contract.
- Acala also features a governance system that allows users to participate in the decision-making process for the platform. Users can propose and vote on changes to the platform's protocols, ensuring that Acala remains decentralized and community-driven.
How Many Acala (ACA) Tokens Are in Circulation?
ACA’s total supply: 1,000,000,000
ACA’s circulating supply: 613,061,111
How to Buy Acala (ACA)
Consider investing in Acala (ACA)? It only takes 2 minutes to create an account on Bitget and start trading ACA.
Check out the available ACA trading pairs on Bitget!
Spot market
Acala (ACA) Resources
Simple 3-step guide to buying ACA today in Ethiopia
Create your free Bitget account
Select a funding method
Complete your Acala purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Acala using a payment method of your choice:
Buy Acala with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Acala order.
How to buy crypto with credit/debit cardBuy Acala with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Acala is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Acala order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Acala order.Buy Acala with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Acala order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Acala in your Bitget spot wallet
Bitget—where the world trades Acala
How to buy Acala for free
- Learn how to earn Acala for free through the Learn2Earn promotion
- Earn free Acala by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Acala airdrops by joining On-going challenges and promotions
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FAQ
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Ethiopia is located on the horn of Africa, a rugged country that encompasses the Great Rift Valley. It's a place of old culture, with archaeological artifacts dating back more than 3 million years. Ethiopia has a population of 121,396,689, and the official languages of Ethiopia are Amharic, Oromo, Somali, Tigrigna, and Afar. The official currency is the Ethiopian birr (ETB). In less than 10 mins, you can buy Acala(ACA) and other cryptocurrencies from Ethiopia using the Bitget platform with P2P trading, crypto deposit, and third-party merchants like Apple pay and Google pay.
Ethiopia has a diverse climate and landscape, spanning from the equatorial rainforest with significant humidity in the south and southwest to Afromontane regions on the summits of the Semien and Bale Mountains to desert regions in the northeast, east, and southeast Ethiopia. Ethiopia's geographical structure and landscape consist of high plateaus, mountains, and dry lowland plains. Ethiopia has some of the world's most rugged and beautiful environments. The country is surrounded by beautiful cities like Addis Ababa, Gondar, Bahir Dar, Dodola, and Lalibela, anywhere you are located in Ethiopia, Bitget will be there to give you a seamless trading experience.
Interestingly Ethiopia is the oldest country in Africa, and it has stunning side attractions like Arba Minch, Awash National Park, Axum, Bahir Dar, Bale Mountains National Park, Gheralta, Gonder, Danakil, and many more. Ethiopia is a wonderful place to be.