ACX ($ACX) is the governance token for the Across protocol. ACX holders directly shape the protocol’s future through voting rights on crucial decisions, including the ability to activate a fee switch.
ACX has a fixed supply of 1B tokens.
The non-circulating supply of ACX is held by the following accounts (the numbers reflected below are accurate as of Dec 7, 2024):
Across DAO 0xB5…15 (250M ACX): The Across DAO holds ACX that are controlled by ACX tokenholders via Snapshot votes.
Risk Labs Treasury 0x81…4a (195M ACX): Risk Labs is the foundation that supports the Across protocol. The vast majority (approximately ~150M ACX) of Risk Labs ACX tokens have been allocated to Across protocol team members under 4-year vesting agreements. The remainder is reserved for future team members and potential investor sales.
Other Investors (various wallets) (110.6M ACX): 110.6M ACX have been distributed to other investors with lockup agreements.
All other ACX tokens are freely circulating.
The circulating supply as of the time of writing (Dec 7, 2024) is 334.4M:
(1B - 250M - 195M - 110M - 110.6M = 334.4M)
This shows a circulating supply of 334.4M ACX (as of Dec 7, 2024).
We’ll follow up with a post detailing the vision for Across' tokenomics soon.
