Stock Groups

Acala Wins Polkadot’s First Parachain Slot Auction -Breaking

by Mike Robinson

[ad_1]

Acala Wins Polkadot’s First Parachain Slot Auction
  • Acala network wins Polkadot’s first parachain auction slot.
  • Acala will board Acala at block #8179200 December 18.
  • Acala will introduce a stablecoin to the Polkadot cryptocurrency.

Acala — an Ethereum-based DeFi protocol for scaling DApps has won the first position in the much-anticipated Polkadot parachain slot auction event.

The community has now secured 32,515,989.5 of its on-chain contributors. Additionally, 24116159.8 DOT was contributed by liquid crowd loans DOT (LCDOT).

Acala plans to use this fund in many ways. It will, in essence, help to increase its visibility and adoption among a large number of DeFi-related communities. Interestingly, with the company’s vision to explore more, they have planned to launch their own stablecoin mainly on the Polkadot network.

Acala is now working to create a decentralized currency (DEX) and the next major thing that will follow. Polkadot responded by tweeting (NYSE:) and congratulating Acala for taking the first slot in the parachain.

Polkadot reports that they will board the Acala network block #8179200 with five other winners on December 18, according to Polkadot.

Continue reading on CoinQuora

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damage arising from the use of this information, including chart data and signals to buy/sell, contained on this site. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]