Across Protocol

Overview

Across Protocol is a cross-chain bridge protocol that enables fast and secure token transfers between different blockchain networks. The ACX token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and updates.

Purpose and Utility

The primary purpose of ACX is to facilitate governance of the Across Protocol and incentivize liquidity providers who help secure the cross-chain bridge operations. Token holders can stake ACX to earn rewards from bridge fees and participate in governance decisions.

Business Model

The protocol generates revenue through bridge transaction fees, which are distributed among liquidity providers and ACX stakers. The model is transparent and relies on providing a legitimate cross-chain infrastructure service.

Development and Adoption

The protocol maintains active development, with regular updates and improvements to the bridge infrastructure. The project has established partnerships with various DeFi protocols and continues to expand its supported networks and tokens.

Token Distribution

ACX tokens were distributed through an airdrop to early users and liquidity providers, with portions reserved for the team and future development. The team's tokens are subject to vesting schedules, showing commitment to long-term development.