Overview
- ACX holders would be offered a six‑month choice to swap tokens 1:1 for AcrossCo shares or redeem for USDC at $0.04375, about a 25% premium to the 30‑day average, if the plan passes.
- Holders with more than 5 million ACX could convert directly to equity, while smaller holders would participate through a no‑fee SPV with a 250,000 ACX minimum.
- AcrossCo would assume the protocol’s intellectual property and manage development, partnerships and commercialization under the proposal.
- The process is non‑binding at this stage, with a community call on March 18, discussion through March 25, a Snapshot vote on March 26, and potential conversions beginning in early April if approved.
- Markets responded swiftly, with ACX up roughly 80% to around $0.06 and 24‑hour trading volume near $149 million, far above prior activity.