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Acala Network Price Prediction & Overview

  1. Transaction Fees: the fees or ‘gas’ for smart contract executions on the Acala Network will be in ACA tokens. This use case is only a tiny part of the token’s utility, given that the Polkadot ecosystem seeks to have low-cost transactions, unlike the Ethereum blockchain, which can experience significantly high and sometimes unaffordable transaction fees.
  2. Governance: ACA token holders can vote, elect council members, and drive the development of the Acala Network.
  3. Pallet Deployment: This use case has the potential to accrue significant value to the ACA token. Given that the project teams have claimed that the token supply is capped at 1,000,000,000 tokens, as the Polkadot ecosystem grows, projects leveraging the Acala Network may have to secure and stake its ACA token. This deployment model can result in value accrual due to demand-supply dynamics.

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Kel The Observer

sci-fi writer & crypto enthusiast. Follow me on Twitter @observer_kel