Across Protocol supported by Paradigm is exploring allowing ACX holders to exchange tokens for equity Odaily Planet Daily News: Across Protocol launches temperature check proposal, exploring the transformation of existing DAO and token structures into US C-class companies and equity structures. According to the plan, the new entity AcrossCo will become the operating company of Across Protocol, and ACX token holders can choose to exchange their tokens for AcrossCo equity at a 1:1 ratio, or redeem ACX for USDC at the average market price of one month within a six-month window period. Larger holders can directly exchange their equity, while smaller holders can participate through a free special purpose entity structure. Hart Lambur, co-founder of Across Protocol, stated that if the community feedback is positive, the team will initiate a formal governance vote two weeks after the temperature check is completed, and the results will be decided by a simple majority. The team stated that with the increasing demand for protocol infrastructure from institutional partners, the current DAO structure has limitations in terms of executable contracts and clear legal subjects. Across Protocol previously raised a total of $51 million through two rounds of token financing. The latest round of $41 million was led by Paradigm, with participation from Bain Capital Crypto, Coinbase Ventures, and Multicoin Capital. The current price of ACX token is about 0.035 US dollars, with an increase of about 4% in the past 24 hours and a decrease of about 84% in the past year.