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ACA Token Price

ACA Token Price(ACA)

Note: This coin is not listed on Binance for trade and service. You can refer to our How to Buy ACA Token guide.
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$ 0.0004805
-0.8%
(1D)

ACA Price Live Data

The live price of ACA Token is $ 0.0004805 per (ACA / USD) today with a current market cap of $ 25,526.28 USD. 24-hour trading volume is $ 1,564.69 USD. ACA to USD price is updated in real-time. ACA Token is -0.8% in the last 24 hours. It has a circulating supply of 53.13M USD.
ACA Price Performance USD
ChangeAmount%
Today$ -0.0000039-0.8%
30 Days$ 0.0004075+84.81%
60 Days$ 0.0009486+197.43%
90 Days$ 0.0001502+31.26%

ACA Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.1208219
High: $ 0.1249341
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 3.1008665
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
+0.43%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
-0.80%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+12.96%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+12.96%
The percent change in trading volume for this asset compared to 7 days ago.

ACA Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#2339
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 25,526.28
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 1,564.69
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
53.13M
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
53.13M
Circulating supply shows the number of coins or tokens that have been issued so far.
Top News
Acala Resumes Operations After Printing Over $3 Billion in Stablecoins by Mistake
Some blockchain projects have to deal with hackers, and others, like Acala, have to deal with their own developers. A “human error” a few weeks ago almost killed the whole project. Still, thanks to the mutual effort of the community and the developers, the problem has been solved —kind of.On September 26, Acala network announced the reactivation of its operations after having recovered $2.970 million in aUSD of the $3.022 million its team mistakenly printed in August.The community referendum for Stage 1 of resuming Acala operations has passed and been executed. LPs who choose to unstake LP tokens or withdraw liquidity on Acala now have the option to do so. https://t.co/yzvOz7zwxT — Acala (@AcalaNetwork) September 26, 2022 According to Acala, the community voted to resume network operations after burning almost the totality ($2.7 billion aUSD) of the printed tokens.A Very Costly MistakeOn August 15, The DeFi platform Acala published a report explaining how they mistakenly printed over 3 billion of its aUSD stablecoin, causing its immediate collapse. At that time, aUSD plummeted more than 99%, hitting a price of less than $0.01 per coin. 2nd batch trace results + summary below. A total 3.022B aUSD error mints were claimed by 16 addresses. Acala referendum #21 burned ~1.292B. 1.682B aUSD error mints in iBTC/aUSD LP tokens, obtained after the incident happened, remain on 16 Acala addresses. https://t.co/8MTBinhrVP— Acala (@AcalaNetwork) August 17, 2022 Due to the failure, the network decided to stop swap operations, inter-chain communications on Polkadot and oracles, among other considerations. The team also said operations would be resumed “in a safe and gradual manner” once the error was solved and parity with the U.S. dollar was restored.“To contain the erroneously minted aUSD, urgent governance votes were passed to pause horizon protocol, xtoken (xcm transfer out), EVM, non-ACA token transfer, oracle pallet, and LDOT instant redeem.” Since then, the network went into maintenance mode freezing user funds to recover unsecured tokens. The community later voted to identify and destroy erroneously printed tokens, which helped restore operations despite the fact that aUSD remains at $0.77 which is far from the adequate $1 reference.Alcala And The Status Of aUSD As Of TodayAccording to Acala’s latest report, the network has a total circulating supply of 10,961,589, aUSD. Of that, a total of 5,837,712 aUSD were recollateralized by the Acala Foundation.In addition, the protocol has already managed to recapitalize and rebalance Acala Swap’s liquidity pools to pre-incident levels, thanks to the support of the Acala foundation, which donated 2,489,614 ACA, 80,853 DOT, 0.164 iBTC, 995,020 INTR, 530,700 LDOT. “As all aUSD in circulation have now been re-collateralized and liquidity pools are re-capitalized and rebalanced, the Acala network is in a state ready to resume normal operations.” However, some assets are still frozen by community vote, while others are locked in a number of centralized exchanges (CEX) that supported the aUSD recovery effort. Acala is even offering rewards of up to 5% to users who return the funds involved in the incident.Centralization vs. DecentralizationEven though the Acala team acted quickly, they had to freeze users’ funds to control the situation. This contradicts the censorship-resistant decentralized nature of the protocol.Although Acala’s decision was criticized by some users on social networks, the collapse of another stablecoin, such as aUSD, could have been chaotic for the crypto market, considering the precedents of UST and LUNA.I think it would have to go to Governance to be “decentralized” finance (DeFi). If Acala centrally controls that decision is this really DeFi?— Gr33nHatt3R.dot (@Gr33nHatt3R) August 14, 2022 Although Acala has resumed its network operations, it must now work to regain the trust of users. And that sometimes is harder than coding a smart contract.The post Acala Resumes Operations After Printing Over $3 Billion in Stablecoins by Mistake appeared first on CryptoPotato.
Felix Mollen - CryptoPotato
2022-09-27
Felix Mollen - CryptoPotato
2022-09-27
Acala Network Works Again, Voting Phase 1 Allows LPs Withdraw Liquidity From Pools
The Acala Network said it intends to restart operations following the August mining failure involving its stablecoin aUSD. Voting for phase 1 to allow LP to withdraw liquidity from pools is being done. Immediately after the vote on returning Acala Network was passed on September 23. The network implemented a vote to allow LPs to withdraw liquidity from pools. This is the first phase of the network’s journey to resumption since the aUSD stablecoin crash. A community referendum for stage 1 of resume operations is up for a vote. If passes, LPs can withdraw liquidity from block #1939200 roughly 2022-09-26 01:46 (+UTC)— Acala (@AcalaNetwork) September 25, 2022 Currently all votes are in favor of the proposed proposal. After closing, LPs can withdraw liquidity from block #1939200 roughly 2022-09-26 01:46 (+UTC). In August, a misconfiguration problem with a new iBTC/aUSD liquidity pool resulted in the erroneous minting of more than 3 billion aUSD. The misconfiguration of the smart contract caused Acala liquidity providers (LPs) to get the incorrect mints and constantly offer further liquidity in order to obtain more aUSD, resulting in the stablecoin being depegged. Following a series of critical governance votes, several Acala network operations were put on hold while the team explored the problem. Following community discussions, Acala recovered 2.97 billion aUSD mistake mints from 16 identified addresses and burnt the tokens.After the Acala Foundation borrowed aUSD with its own cash to burn and accomplish re-collateralization, all aUSD in circulation are fully collateralized. As a result, the network may resume normal operations. Once operational again, Acala Foundation will continue to work with various partners to retrieve and return all aUSD error mints and error mint-swapped tokens to the protocol. Going forward, Acala will further strengthen the security of the Acala network.
Foxy - CoinCu News
2022-09-25
Foxy - CoinCu News
2022-09-25
Acala Network Restarts Operations After August Crash
The Acala network said today that it intends to restart operations following an August minting mistake issue involving its aUSD stablecoin.In August, a misconfiguration problem with a new iBTC/aUSD liquidity pool resulted in the erroneous minting of more than 3 billion aUSD. The misconfiguration of the smart contract caused Acala liquidity providers (LPs) to get the incorrect mints and constantly offer further liquidity in order to obtain more aUSD, resulting in the stablecoin being depegged.Despite the fact that a substantial number of aUSD was moved to other Polkadot ecosystem chains and CEXs, the Acala team certified that 99% of the erroneous mints stayed inside the Acala Network.Following a series of critical governance votes, several Acala operations were put on hold while the team explored the problem. Following community discussions, Acala recovered 2.97 billion aUSD mistake mints from 16 identified addresses and burnt the tokens.In today’s announcement, Acala Network said:“After the execution of community governance votes and publication of trace reports, all liquidity pools on Acala are re-capitalized and rebalanced.” After the Acala Foundation borrowed aUSD with its own cash to burn and accomplish re-collateralization, all aUSD in circulation are fully collateralized. As a result, the network may resume normal operations.The Acala Foundation stated that it will continue to collaborate with legal, law enforcement, and other partners to recover the remaining monies. A bonus of up to 5% is available to any party that returns at least 95% of cash transported outside of Acala Network. It said that no further action will be taken against such locations.
Harold - Coincu
2022-09-23
Harold - Coincu
2022-09-23
Top Blog Posts
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