Across's new proposal plans to convert the protocol from a DAO structure to a U.S. C-corp company, allowing ACX holders to choose between equity exchange or token purchase.

Gate News: On March 12, the Across community released a new proposal to transform the protocol from a “DAO + token” structure into a U.S. C-corp company structure, to be implemented through token swaps and token acquisitions. According to the proposal, the newly established U.S. C-corp will hold all intellectual property rights of the protocol and be responsible for management, development, partnerships, and commercialization. ACX holders can choose between two options: exchange ACX 1:1 for equity in AcrossCo (either directly or through an SPV structure, for investors holding less than 250,000 ACX), or sell ACX at $0.04375 per token for USDC, which is a 25% premium over the average price in the past 30 days. The token acquisition window will last six months and is expected to open three months after the proposal is approved. The timeline is as follows: community call on March 18, final proposal release on March 26, and Snapshot voting begins on April 2. According to CoinGecko, the ACX token is currently priced at $0.065, with a 24-hour increase of 97.4%.