Across Protocol

Understanding Across Protocol (ACX): A Comprehensive Guide

What is Across Protocol (ACX)?

Across Protocol (ACX) is the native governance token of the Across Protocol, a high-speed, secure, and cost-effective cross-chain bridge solution built for the Ethereum ecosystem. Launched in 2021, Across Protocol facilitates seamless asset transfers between Ethereum and various Layer 2 networks, including Arbitrum, Optimism, Polygon, and other EVM-compatible chains. The ACX token serves as the backbone of the protocol's governance and utility mechanisms.

How Does Across Protocol (ACX) Work?

Across Protocol (ACX) operates using a unique two-part system that ensures fast and secure cross-chain transfers:

Relayer Network

The protocol employs a decentralized network of relayers who front liquidity to users for quick bridging transactions. These relayers monitor deposits on the source chain and facilitate the corresponding withdrawals on the destination chain, often in under 5 minutes—significantly faster than traditional bridging solutions.

Liquidity Providers

Liquidity providers (LPs) deposit assets into the protocol's pools, enabling the relayers to execute cross-chain transfers. LPs earn fees from bridge transactions, creating a sustainable economic model for the protocol.

Security Model

Across Protocol utilizes an optimistic rollup-inspired security model with fraud proofs and economic incentives to ensure transaction validity without compromising on speed or security.

Does Across Protocol (ACX) Offer Staking and Mining?

ACX Staking

Yes, Across Protocol (ACX) offers staking opportunities for token holders. By staking ACX tokens, users can:

• Participate in protocol governance by voting on proposals
• Earn a portion of protocol fees generated from bridge transactions
• Access additional benefits within the Across ecosystem

The staking mechanism helps align the interests of token holders with the long-term success of the protocol, encouraging active participation in governance decisions.

ACX Mining

Across Protocol (ACX) does not support traditional mining as it is not a Proof-of-Work cryptocurrency. Instead, ACX utilizes a more energy-efficient model where tokens are distributed through various mechanisms including liquidity mining programs, where users provide liquidity to specific pools and earn ACX rewards over time.

What is ACX Used For?

The ACX token serves multiple purposes within the Across ecosystem:

Governance

ACX token holders can create and vote on governance proposals that determine the protocol's future development, fee structures, supported chains, and other critical parameters.

Fee Discounts

Users holding ACX may receive discounts on bridge transaction fees when using the Across Protocol for cross-chain transfers.

Revenue Sharing

A portion of the fees generated by the protocol is distributed to ACX stakers, creating an additional value accrual mechanism for token holders.

Protocol Security

ACX serves as an economic security mechanism for the protocol, with tokens potentially being used to secure the network against attacks or malicious behavior.

ACX Token Distribution and Launch

The initial distribution of Across Protocol's ACX token was designed to ensure fair allocation across various stakeholders:

Token Allocation

• Community and Ecosystem: A significant portion allocated to users, community initiatives, and ecosystem growth
• Team and Early Contributors: Tokens allocated with vesting periods to align long-term incentives
• Protocol Treasury: Reserved for ongoing development, partnerships, and protocol expenses
• Initial Liquidity: Tokens allocated to ensure market liquidity post-launch

Distribution Methods

The ACX token was distributed through multiple channels, including:

• Retroactive airdrops to early users of the protocol
• Liquidity mining programs to reward early liquidity providers
• Strategic partner allocations to foster ecosystem growth

Additional Information About Across Protocol (ACX)

Cross-Chain Integration

Across Protocol (ACX) stands out for its exceptional cross-chain compatibility, supporting transfers between Ethereum, Arbitrum, Optimism, Polygon, Base, and other major L2 networks with plans for continuous expansion to additional chains.

Gas Efficiency

The protocol is designed to optimize gas costs, making it one of the more cost-effective bridges in the multi-chain ecosystem—a significant advantage in periods of high network congestion.

Strategic Partnerships

Across Protocol has established partnerships with major DeFi protocols and L2 solutions to enhance interoperability and create a seamless user experience across the Ethereum ecosystem.

Trading ACX with Cryptohopper

Investors and traders interested in Across Protocol (ACX) can easily access the token on various cryptocurrency exchanges. For optimal trading results, anyone can trade ACX using Cryptohopper's automated trading bot, which offers advanced trading strategies, portfolio management, and market analysis tools. Cryptohopper's platform allows for efficient trading of ACX alongside hundreds of other cryptocurrencies, helping users maximize their trading potential through automation.