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How did Acala win Polkadot's first parachain slot and launch its network?
Acala officially became a part of the Polkadot ecosystem by participating in and successfully winning Polkadot's inaugural parachain slot auction. This milestone occurred in November 2021, when Acala successfully secured the first 96-week parachain lease by leveraging an innovative Crowdloan mechanism, gathering over 32 million DOT tokens contributed by more than 81,000 community members. In return, contributors received Acala's native token, ACA, and its network officially launched in December 2021.
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How did Acala win Polkadot's first parachain slot and launch its network?
Acala officially became a part of the Polkadot ecosystem by participating in and successfully winning Polkadot's inaugural parachain slot auction. This milestone occurred in November 2021, when Acala successfully secured the first 96-week parachain lease by leveraging an innovative Crowdloan mechanism, gathering over 32 million DOT tokens contributed by more than 81,000 community members. In return, contributors received Acala's native token, ACA, and its network officially launched in December 2021.
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