The lowest price of ACX is 0.4739u. Calculated at 40 times, the highest is 18.956u. The current price is 0.5830u, with a profit of 32 times. The market value reaches 6.2 billion u. The lowest price refers to the price that can be bought on Binance. In addition, my holdings are in months. There is no need to follow my advice for those who hold positions for less than ten minutes. The above is purely personal analysis and does not constitute investment advice.
In line with the principle of not taking advantage of the last wave of the market, it is recommended to clear the position around 15u, at the latest in November 25th. You are welcome to come back and dig up the graves then.
Token Introduction: Across Protocol, as a new cross-chain project, has obvious advantages. It allows users to transfer tokens between different chains (layers) instantly and cheaply by borrowing liquidity from decentralized relayers. Relayers can pre-fund users for instant transfers between chains. In return for providing this service, relayers can choose on-chain compensation from a single liquidity pool on the Ethereum network. Optimism has a long waiting period in the process of extracting tokens, and Across Protocol can effectively solve this inconvenience.
Sector: Infrastructure Cross-chain bridge Launch date: 2022.11.28 Total supply: 1 billion Circulating: 332 million Circulating market value: approximately 191 million USD Circulating market value ranking: 318 Listed exchanges: 12
Official community situation: Twitter: 120,000 people, tweeting daily Dis: 69,740 people, with an average of 2,400 people online daily
Token distribution and unlocking situation: Community: 2% Early Bridge users: 1.5% Liquidity providers: 7% Bridge Traveler Program: 2% Strategic partners and fundraising: 25% DAO treasury: 52.5% Protocol rewards: 10%
Unlocking situation: Currently, there are no unlocking plans, and updates will be added as news comes in.
Introduction of the project CEO and important executives: John Shutt is the co-founder of Across Protocol. He previously served as a senior engineer at UMA and as a senior blockchain solution architect in Ernst & Young LLP's digital transformation practice. John focuses on designing, building, and evaluating advanced blockchain applications and has led global development teams in building multiple production-grade private and public blockchain projects. Before entering the blockchain space, John was a chief developer and consultant at a Silicon Valley startup for many years and ran a secure communication platform for investigative journalism. John has over a decade of experience in software engineering, product management, and team leadership.
Hart Lambur is a co-founder of the UMA Protocol, Risk Labs, and Across Protocol. He was previously the founder and CEO of Openfolio and a trader at Goldman Sachs, graduating from Columbia University.
Project financing situation: 2022-11-24 10 million USD Hack VC, Placeholder, Blockchain Capital
Project features: 1. Compared to traditional L1 and L2 options, developers and end users can save costs by using the Across Protocol. Many users believe that Across Protocol offers low-cost trading and secure bridging options, allowing it to stand out in competition.
2. Connecting to the network also has the benefit of integrating liquidity. Due to the multi-chain functionality of the network, users of Across Protocol always have access to the deep liquidity of the entire DeFi ecosystem. Therefore, traders and developers find that Across Protocol can provide a reliable solution for liquidity islands.
3. The ability to create cross-blockchain running intentions opens the door for developers and users to create more powerful and efficient Dapps. Across Protocol has pioneered the crypto space by integrating intentions into its core coding. In the future, the network will continue to expand its interoperability to encompass other major blockchain networks.
4. Instant withdrawals are another reason many prefer Across Protocol. The network offers top-notch capital efficiency without delays and can scale to meet the demands of the growing blockchain industry. Therefore, it is becoming a popular DeFi option.
5. Zero slippage fee model: In the DeFi space, slippage occurs when there is a slight difference in price between when an order is placed and when it is executed. Slippage is common when you do not use a centralized order book. This is a major concern for DEX users, and over time, traders can incur thousands of dollars in costs. Across Protocol introduces a zero slippage alternative to save traders money and help them maximize returns from operations.
Important project event information: 2022-11-24 Across Protocol raised 10 million USD in Success Token financing at a valuation of 200 million USD, with participation from Hack VC, etc. 2024-08-20 Coinbase will list Across Protocol (ACX) 2024-10-24 Uniswap integrates the cross-chain bridging protocol Across, achieving in-app bridging 2024-10-22 Across proposes to permanently set a supply cap of 1 billion ACX tokens to prevent minting or burning operations 2024-12-06 Binance will list Across Protocol (ACX) and Orca (ORCA) 2024-12-06 Flow Traders, Amber, GSR will be market makers for the newly listed token ACX on Binance.
