Across Protocol
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Across Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Across Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.