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V. ACA & KAR
ACA is the native token of the Acala Network similar to BTC as the native token of the Bitcoin network, and ETH of the Ethereum network.
KAR is the native token of the Acala's canary network Karura. Both ACA and KAR tokens have 18 decimal places.
- ACA for Governance: ACA holders are entitled to participate in governance of the network include determining fees of the network, and protocols deployed on the network, electing council members, network upgrades etc.
- ACA for Liveness: ACA will be used to facilitate proof-of-liveness (parachain staking) mechanism.
- ACA for Network Usage: transaction fees are payable in ACA, protocol revenues e.g. stability fees are accounted in ACA and managed by the Treasury.
- ACA for Capitalization: network profits accounted in ACA will be used as capital reserve backing the stablecoin protocol in case of liquidation, and are invested in the decentralized Sovereign Wealth Fund (dSWF) for long term sustainability of the Acala Network.
Fixed amount of ACA (100,000,000) will be minted on genesis and distributed according to our token economic plan.
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Test ACAs are required to make transactions on the Acala Mandala Test Network. Testnet ACAs do not have any values beside allowing you to experiment with the network. Find out available testnet tokens and how to get them here.
KAR tokens also have a fixed amount of supply, and a certain amount of ACA tokens are reserved to back the value of KAR. As a canary network of Acala, Karura serves as a proving ground, for network participants and developers to build on and try out Acala's governance, stablecoin monetary policies, staking derivatives etc. with real economic incentives.