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#014 Dan Reecer: What Is Polkadot And Why It’s The Future of Web3
Smart Friends
Acala - Network and Doo
A, tisotenis the the idea around a, the crowd loan. So to take it back to that example i gave, were your basely crowd funding money together. The same thing happens here. We will be able to accept dot contributions from or anyone in the world. They're agreeing to lock their dot for two years,. which is the duration of thislease, to launch on pokdot. But in return, they get a c a, which is a calas token. It's essentially like a analogous of treasury for the network itself to fund its own growth. That's already, the doo is already holding now, probably over 80 million dollars in dot and
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