ACA Token occupies an important position in the Polkadot ecosystem:

1. Core DeFi Platform Token:

ACA Token is the native token of Acala Network, which is a leading decentralized finance (DeFi) platform in the Polkadot ecosystem and a Layer-1 smart contract platform. Acala Network utilizes Polkadot's cross-chain technology to achieve interoperability and scalability with other blockchain platforms, providing a wealth of financial services within the Polkadot ecosystem, such as stablecoins, lending, and liquidity mining, where ACA Token plays a crucial role in these services.

2. Governance and Stake Representation:

Holders of ACA Token can participate in the governance process of Acala Network, voting on protocol updates, parameter adjustments, and other important decisions, which can influence the development direction of Acala Network and holds an important position in ecological governance.

3. Rich Application Scenarios:

In the decentralized exchange of Acala Network, users can trade using ACA Token and also participate in liquidity mining to earn additional rewards through staking ACA. At the same time, users can use ACA Token as collateral to borrow other digital assets on the platform, improving the utilization of funds and increasing the demand and application scenarios for ACA Token.

Acala Network began building in 2019 and is one of the earliest teams to participate in Polkadot and Substrate development, with a solid foundation and rich development experience in the Polkadot ecosystem. The launch of Acala DApp 2.0 has brought an optimized user experience, more powerful features, and broader development prospects, further consolidating Acala Network's position in the Polkadot ecosystem and enhancing the value and influence of ACA Token.