Crypto
Across Protocol pushes to convert from DAO to corporation
Across Protocol, backed by venture investment firm Paradigm, is pursuing a plan to abandon its decentralised autonomous organisation (DAO) and token structure and transition to a U.S. corporate and share structure, The Block reported. A new entity, AcrossCo, would become the operating body. ACX token holders could choose between a direct share exchange or a token buyback option exchanging ACX for USDC at $0.04375 per token, a 25 percent premium to the one-month average market price.
