Across's new proposal suggests changing the protocol structure from "DAO + token" to that of the US-based C-corp.

PANews reported on March 12 that a new proposal from the Across community suggests transforming the protocol from a "DAO + token" structure to a US-based C-corp structure, achieved through token-for-equity swaps and token buyouts. According to the proposal, the newly formed US C-corp will hold all intellectual property rights to the protocol and be responsible for managing development, partnerships, and commercialization. ACX holders can choose between two options: exchanging ACX for AcrossCo equity at a 1:1 ratio, or selling ACX for USDC at $0.04375 per share (a 25% premium over the previous 30-day average price). The token buyout window will last for six months.

According to the proposal, the newly established US-based C-corp will hold all intellectual property rights to the protocol and be responsible for managing development, partnerships, and commercialization. ACX holders can choose between two options: exchanging ACX for AcrossCo equity at a 1:1 ratio (either directly or through an SPV structure, for investors holding less than 250,000 ACX), or selling ACX for USDC at $0.04375 per share, a 25% premium over the previous 30-day average price. The token buyout window will last for six months, expected to open within three months of the proposal's approval. The timeline is as follows: a community conference call on March 18, the release of the final proposal on March 26, and the start of Snapshot voting on April 2.

According to Coingecko data, the ACX token is currently priced at $0.065, a 24-hour increase of 97.4%.