Post #11778

Across Protocol explores letting token holders swap ACX for equity Across Protocol, a Paradigm-backed blockchain interoperability protocol, has posted a temperature check proposal exploring a transition from DAO and token structure to a U.S. C-corporation and equity structure. Under the plan, a new entity called AcrossCo would become the operating company behind Across Protocol. ACX tokenholders would then have two options: equity exchange and token buyout. Larger holders would exchange directly, while smaller holders could participate through a no-fee special purpose vehicle structure. The token buyout option would allow holders to redeem ACX for USDC at $0.04375 with a six-month window to decide. 🔘Current ACX price: $0.069 (+85%) 🔘Current FDV: $69.6M 🔗theblock.co/post/393192/paradigm-backed-across-protocol-acx-token-equity-exchange @TOP7ICO