Across Protocol (ACX) is a cross-chain token bridge that enables fast and secure interoperability between different blockchain networks. It utilizes UMA's optimistic oracle for security and focuses on capital efficiency through a single liquidity pool, competitive relayers, and a no-slippage fee model. The protocol is designed to provide seamless and cost-effective cross-chain transactions, ensuring a safe and efficient experience for users.
Across Protocol (ACX) is a cross-chain token bridge that enables secure and efficient bridging of assets between Ethereum and other blockchain networks. The protocol is designed to facilitate seamless and low-cost transfers of tokens between different chains, providing users with a single point of access for cross-chain transactions.
Key Features- Optimistic Oracle: Across Protocol is secured by UMA's optimistic oracle, which verifies transfers optimistically, allowing for quick processing while maintaining security.
- Capital Efficiency: The protocol uses a single liquidity pool and a competitive relayer landscape to optimize capital efficiency.
- No-Slippage Fee Model: Across employs a no-slippage fee model to minimize costs for users.
- ACX Token: The ACX token is an ERC-20 token that governs the decisions affecting the function of Across Protocol and manages the DAO's treasury. It allows for decentralized ownership and control of the protocol.
- Governance: The ACX token enables holders to participate in the governance process, including ideation, discussion, proposal, feedback, voting, and execution phases.
- Token Distribution: The total supply of ACX tokens is 1 billion, allocated among the protocol's treasury, team, private investors, early adopters, and liquidity providers.
- Cross-Chain Transfers: Across Protocol allows users to transfer tokens between different blockchain networks efficiently and securely.
- Liquidity Provision: The protocol incentivizes liquidity providers with ACX emissions and offers additional rewards through its Ethereum-based liquidity pools.
- Referral Program: Across has a referral program that rewards users for participating in the protocol.
- Exchanges: ACX tokens can be traded on decentralized exchanges like Uniswap and Velodrome, as well as on centralized exchanges like Gate.io.
- Market Performance: The token's price and trading volume can be volatile due to low market depth and concentrated trading on DeFi platforms.
Across Protocol offers a unique solution for cross-chain bridging, focusing on capital efficiency, security, and user experience. Its governance model empowers the community to make decisions, and the ACX token plays a central role in managing the protocol and incentivizing participation.
To store Across Protocol (ACX) tokens, you can use a variety of methods:
MEXC Account Wallet: After purchasing ACX tokens on MEXC, you can hold them in your MEXC account wallet. This allows you to easily trade or stake your tokens for passive income.
Metamask Wallet: You can transfer your ACX tokens to a decentralized wallet like Metamask, which supports millions of assets and blockchains. This provides more control over your tokens and allows you to trade on decentralized exchanges.
Atomic Wallet: Atomic Wallet is a multi-asset wallet that supports over 1000 coins and tokens, including ACX. It offers a secure and private way to manage your tokens, with no registration or KYC required. The wallet is available for both desktop and mobile devices.
These options provide flexibility and security for storing and managing your Across Protocol (ACX) tokens.
To buy Across Protocol (ACX) tokens, follow these steps:
Create an Account: Open an account on a cryptocurrency exchange that supports ACX trading. Popular exchanges include Bitrue, MEXC, Gate.io, MXC, CoinEX, and Balancer V2. Ensure you complete any necessary identity verification steps.
Choose a Funding Method: Select a payment method to fund your account. Common options include:
- Credit/Debit Card: Most exchanges support Visa and Mastercard transactions.
- Bank Deposit: Transfer fiat currency from your bank account to the exchange using SWIFT.
- P2P Trading: Buy ACX directly from other users on some exchanges.
- Third-Party Payment: Utilize services like Simplex, Banxa, or Mercuryo.
Buy ACX: Navigate to the exchange's Buy & Sell section, select ACX as the cryptocurrency you want to buy, and choose your preferred trading pair (e.g., ACX/USDT). Set the amount you want to purchase and execute the trade.
Transfer to Wallet: Once purchased, you can hold ACX in your exchange account or transfer it to your personal cryptocurrency wallet for additional security and flexibility.
Monitor and Trade: Keep track of ACX's price performance and consider trading it for other cryptocurrencies or holding it for passive income.