Acala Token(ACA) Initiate Launch Process on Polkadot

Subject

Acala's Polkadot Launch Process

Details

On December 15th, 2021, Acala announced that it is now live and currently producing blocks on the network.

Acala has officially won the first parachain slot auction on Polkadot, signaling that the team can begin to onboard its customized, layer-1 network to Polkadot\u2019s Relay Chain. Acala expects the launch process to take time. Unlike Kusama, Polkadot has longer governance parameters, which requires any Polkadot-dependent launch items to participate in the on-chain process.

Acala anticipates timelines for the following items:

• ACA tokens will be distributed within the first 4 weeks of genesis.
• Liquid Crowdloan DOT (LCDOT) will be distributed within the first 4 weeks of genesis with the entire amount unlocked. And once token transfers and DeFi protocols like aUSD stablecoin and Acala Swap are enabled, LCDOT holders will be able to make use of its underlying DOT liquidity.
• 2M+ DOT acquired from the Build Acala events will be transferred to the Acala Treasury within the first 4 weeks. This protocol DAO will enable self-sustainability and growth of the Acala network, all governed and managed by Acala network owners.
• Token transfers on Acala will be enabled in Q1. This will allow users to transfer tokens like ACA and LCDOT between accounts.
• NFT rewards will be distributed within Q1.

Applicable Date(s)

2021-12-15