What Is Across Protocol (ACX): A Platform for Moving Data Between Blockchains

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Bittime - Blockchain interoperability is the ability to connect and move assets and data between different blockchains. Across Protocol (ACX) is an innovative solution that delivers secure and efficient interoperability, enabling seamless transfer of assets and data across multiple blockchains.

This article will discuss what Across Protocol is, its key features, tokenomics, fundamental analysis, and how it compares to other interoperability solutions. We'll also take a look at the team behind Across Protocol, expert opinions, and conclusions about its potential in the future of blockchain.

What is Across Protocol (ACX)?

Across Protocol (ACX) is a blockchain interoperability solution that delivers seamless transfer of assets and data across multiple blockchains. Built with cutting-edge technology, Across Protocol allows users to:

• Bridging assets: Transfer digital assets such as tokens, NFTs, and stablecoins between blockchains easily and securely.
• Access various dApps: Use decentralized applications (dApps) on various blockchains without the need to switch platforms.
• Participate in a multi-chain ecosystem: Enjoy the benefits of multiple blockchains in one unified platform.

What is ACX token?

The ACX token is the token of the Across Protocol. These tokens are used within the Across Protocol ecosystem and ACX token holders will control protocol parameters and approve upgrade plans.

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Key Products & Features of Across Protocol (ACX):

• Across Bridge: A bridge between blockchains that enables secure and efficient transfer of assets.
• Across DEX: A decentralized exchange (DEX) for cross-chain asset trading.
• Across Staking: A staking platform to earn passive income from ACX tokens.
• Across Governance: A governance system that allows ACX token holders to participate in protocol decision-making.

Tokenomic Across Protocol (ACX):

• Token Name: ACX
• Maximum Supply: 1,000,000,000 ACX
• Token Allocation:
  • Team: 20%
  • Public Sales: 40%
  • Ecosystem &; Liquidity: 20%
  • Reserve Fund: 20%
• Token Utility:
  • Transaction Fee: Used to pay asset transfer fees in Across Bridge.
  • Staking: Stake ACX tokens to earn passive income.
  • Governance: ACX token holders can participate in the governance of the protocol.

Fundamental Analysis Across Protocol (ACX):

• Market Value: $44.8 million (as of November 14, 2023)
• 24-Hour Trading Volume: $1.3 million (as of November 14, 2023)
• Exchange Availability: Listed on 12 decentralized exchanges (DEXs)
• Blockchain Support: Ethereum, Polygon, Arbitrum, Optimism, Avalanche, and BNB Chain

Comparison of Across Protocol (ACX) & Competitors:

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Conclusion

Across Protocol (ACX) is a promising interoperability solution for the future of blockchain. With advanced features, powerful tokenomics, and an experienced team, Across Protocol has great potential to become a leader in the blockchain interoperability market.

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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.