Acala is scheduled to burn 387,100 ACA tokens on April 19th.
Refer to the official tweet by ACA:
ACA Information
Acala Community is a decentralized finance (DeFi) platform working on the Polkadot blockchain. The mission was particularly developed to present DeFi performance throughout the Polkadot community. The creators of Acala aimed to supply instruments for builders and customers to create and make the most of monetary purposes.
The principle merchandise of Acala embrace the secure cryptocurrency Acala Greenback (aUSD) and the Acala DEX platform, a decentralized alternate for buying and selling digital belongings. The mission additionally supplies alternatives for staking and borrowing in opposition to collateralized digital belongings.
Acala Greenback is a secure cryptocurrency peg to the US greenback. aUSD allows customers to take part in DeFi with out relying on conventional banking companies.
Acala DEX permits customers to commerce numerous digital belongings supported by the Polkadot community, together with aUSD and different digital belongings.
ACA is the native token of the Acala Community and is used for numerous functions throughout the ecosystem. ACA holders can take part in community governance by voting on proposals, together with modifications to the parameters of the aUSD stablecoin, asset listings, charge constructions, and protocol upgrades. ACA may also be staked to safe the Acala community, producing extra revenue for token holders. The token is used to pay transaction charges and work together throughout the Acala community. Moreover, ACA can be utilized as collateral to mint the secure cryptocurrency aUSD. In case collateral positions are inadequate, ACA is utilized to cowl the deficit.
