Tl;Dr — When the ACX token launches it will be the means with which to govern the Across bridging protocol. You can check your airdrop eligibility here (Edit: Airdrop claims are no longer available. All remaining ACX from the airdrop were clawed back to the Across Treasury as per this Snapshot vote). The Risk Labs foundation will work in parallel to the Across DAO until the protocol hits escape velocity.
The Across Bridge and ACX
Across is a bridging protocol that connects chains together using trustlessly enforced, short-term financial contracts. This is why Across Protocol is able to support more volume with the same capital.
ACX token holders will control protocol parameters and approve upgrades. They will also be responsible for DAO treasury management and diversification.
It is our vision for Across Protocol that it meaningfully reduces the network-wide cost of bridging for the Ethereum ecosystem. In this version of the future, the transaction and time cost of bridging is low enough for markets to be efficient across the chains Across supports.
ACX Token
There is to be an initial supply of 1 billion Across tokens (ACX), minted on mainnet.
The Airdrop
The ACX token will be airdropped according to a matrix of criteria measuring early support. These include strategic support in the community, liquidity provision, as well as those who led the way by testing the Across protocol when it was new. You can find the scripts here on GitHub.
On the airdrop dashboard you can connect your wallet and Discord account to see for which metrics you qualify (Edit: Airdrop claims are no longer available. All remaining ACX from the airdrop were clawed back to the Across Treasury as per this Snapshot vote).
Qualify Today — Bridge Traveler
~31,000 addresses qualify for Across’ Bridge Traveler program and have a chance to join the airdrop before November 8, 2022.
These addresses have a history of bridge use, but have not tried Across. 10,000,000 ACX are going to be shared by those who qualify for the program, and that number doubles to 20,000,000 ACX if at least 30% of the whitelist qualifies by performing a bridge.
Foundation
When the DAO launches, token holders will be in control of protocol parameters and upgrades. Alongside the DAO, the Risk Labs foundation supports a team working on Across, full-time. Risk Labs will work alongside the DAO to iterate on the design of the bridge and drive adoption.
Call for DAO Leadership
Across DAO has an energetic and multilingual community.
The Risk Labs foundation and the entire team behind Across would like to thank the community for their early support of the protocol. We are delighted to see that the Across design principles have been embraced, and we are excited for this next leg of our journey together.
Across Protocol is an intents-based interoperability protocol, capable of filling and settling cross-chain intents. It is made up of the Across Bridge, a powerfully efficient cross-chain transfer tool for end users, Across+, a chain abstraction tool that utilizes cross-chain bridge hooks to fulfill user intents and Across Settlement, a settlement layer for all cross-chain intent order flow. As the multichain economy continues to evolve, intents-based settlement is the key to solving interoperability and Across is at the core of its execution.
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