$ACX ACX is the native token of Across Protocol, a decentralized cross-chain bridge that enables users to transfer crypto assets quickly and cheaply between different blockchain networks like Ethereum, Optimism, and Arbitrum. ๏ฟผ
Key Points
โข Purpose: ACX is mainly used for governance, staking, and incentives within the Across ecosystem. ๏ฟผ
โข Technology: The protocol uses UMAโs optimistic oracle and a competitive relayer system to process cross-chain transfers faster and cheaper than many traditional bridges. ๏ฟผ
โข Supply: Maximum supply is 1 billion ACX tokens. ๏ฟผ
โข Market: Price is around $0.05โ$0.06 with a market cap roughly $30โ$40 million, making it a small-cap crypto project.
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