Across Protocol proposes to exchange ACX tokens for equity and transform into a C-class company

Across Protocol launches a temperature check proposal to transform the existing DAO and token structure into a Class C company and equity structure in the United States. The new entity AcrossCo will become the operating company, and ACX token holders can choose to exchange it for AcrossCo equity at a 1:1 ratio, or redeem it for USDC at the monthly average market price within six months. Larger holders can directly exchange their equity, while smaller holders can participate through free special purpose entities. Co founder Hart Lambur stated that if the community feedback is positive, a formal governance vote will be initiated two weeks after the temperature check is completed. Across Protocol previously raised $51 million through two rounds of token financing, with Paradigm leading the latest round of funding. The current price of ACX token is about 0.035 US dollars, with a rise of about 4% in the past 24 hours and a decline of about 84% in the past year.