Acala & Karura Economic Modeling and Fraud Prevention Guide
Acala Network
2021-04-29 11:39
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Avoid poor information and protect assets

Acala, as one of the most influential projects in Web3 DeFi at present, has attracted more and more attention from the media and the community. With the continuous expansion of the market and the development of the ecology, there are also good and bad participants.

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01 Basic science popularization

ACA Token

  • The native Token of Acala network is ACA

  • The total amount of ACA has been split 10x and fixed at 1,000,000,000 (1 billion)

  • ACA will be used for the handling fee of the Acala network, the security deposit for the deployment of smart contracts and Runtime modules, node incentives, algorithmic risk control, and network and protocol governance

KAR Token

  • The native Token of Karura network is KAR

  • The total amount of KAR is fixed at 100,000,000 (100 million)

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02Basic anti-fraud guide

At present, the Acala community has received many concentrated and common types of scams, which are divided into the following categories:

  • Pretend to be the Acala team and ask you to provide your DOT/KSM private key or mnemonic in email or private chat

  • Reselling Acala account in the name of proxy investment

  • Jump from a scam advertisement to a phishing website and ask you to enter a seed phrase and address

  • Sell ​​Acala test token in private chat in the community group, and tell you that you can trade directly in the secondary market

  • Issue ACA/KAR on DEX (such as Unisawp) outside the Polkadot ecosystem

  • ……

  • In addition, the tricks of scammers are constantly updated, so be wary of any strangers who try to "help" you or provide you with "convenience".

If you find a scam about Acala, please feel free to inform the Acala team:

Acala community assistant WeChat account: shi1381861

Feedback email: Hello@acala.network

I hope that you in the Acala community will always remember the following basic principles:

  • Never share your seed phrase or account passwords, and don't trust any strangers online

  • Acala officials will never contact you in private to ask for the private key of the account or sell the account at a discount, or give you investment advice in the secondary market

  • Always make sure to do a background check on the source, i.e. look at any usernames, emails, Youtube channel names, URLs, etc., and never enter any personal data if you think the source might be a scam

  • If you are not sure whether it is a scam, you can ask the relevant administrators in the Acala Chinese community or overseas official communities

Currently, Acala has not authorized any community or media to launch ACA/KAR test rewards and sales channels. You can find us through the following official community channels:

Chinese official community assistant WeChat account: shi1381861

Official account: Acala_Network

Twitter :https://twitter.com/AcalaNetwork

Discord:https://discord.com/invite/vdbFVCH

Github:https://github.com/AcalaNetwork/Acala

Wiki:https://github.com/AcalaNetwork/Acala/wiki

Linktree:https://linktr.ee/acalanetwork

You can also verify our channel through the only official website or subscribe to our Newsletter:

  • Acala:https://acala.network/

  • Karura:https://acala.network/karura

Acala Network
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