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 Vietnam
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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Sharing borders with China, Laos, and Cambodia is the Southeast Asian country of Vietnam, home to 99 million residents across its more than 311,000 square kilometers. While Ho Chi Minh is the nation’s largest city (with a population of over 3.4 million), its northern, smaller neighbour Hanoi serves as Vietnam’s capital. The former acts as the country’s financial, technological, and academic hub while the latter boasts a series of historical and religious sites, making it a popular tourist destination.
Within the Southeast Asia region, Vietnam is among one of the fastest-growing economies, with projections for the developing country to rival its developed counterparts by as early as 2050. To further boost its growth, it has also joined several intergovernmental organizations including the ASEAN, APEC, CPTPP, and WTO.
When in Vietnam, some of the top sights not to miss include Halong Bay, Hue, the old district of Da Kao in Ho Chi Minh and the old town quarter of Hanoi, Hoi An, Nha Trang, the countryside of Sapa, and the Phong Nha-Ke Bang National Park. Foodies may also want to try some of the country’s signature delicacies, such as Phở, Bánh cuốn, Gỏi cuốn, Bún bò, and Bánh mì.
Vietnamese is the official language of Vietnam, and Bitget app and website are available in Vietnamese. Bitget also directly supports Vietnam Dong (VND), the national currency of Vietnam, and you can purchase Acala(ACA) in just a matter of minutes, no matter where you are in the country, from Ho Chi Minh, Hanoi, Hue, Nha Trang to Da Nang and Hai Phong. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.