ACX Token Holders Face Choice: Swap for Equity or Cash Out as Price Surges 80% in a Day

Cross-chain protocol Across Protocol (ACX), backed by Paradigm, recently announced that it is considering transitioning from its existing DAO governance model to a U.S.-registered corporate entity. This significant structural adjustment has triggered a strong market reaction, with the ACX token price soaring over 80% on the day. According to the proposal "The Bridge Across" released by the development team Risk Labs on the Across Forum, the new architecture will establish a U.S. C-corp called "AcrossCo" to fully take over the protocol's intellectual property, product development, and business cooperation affairs. The team pointed out that although ACX has made significant technological breakthroughs in the cross-chain "intent" architecture field, becoming a promoter of the industry's rapid bridging standards, the DAO and token governance model has obvious limitations in signing legal contracts, building revenue-sharing mechanisms, and expanding enterprise-level cooperation. If the proposal is approved, ACX holders will have two options: First, "Token-to-Equity Swap": Users can exchange ACX tokens for AcrossCo company shares at a 1:1 ratio. Investors holding more than 5 million ACX can convert directly; smaller holders can participate through a special purpose vehicle (SPV), with a minimum exchange threshold of approximately 250,000 ACX (approximately $10,000). According to U.S. securities laws, U.S. investors must be certified as "qualified investors," and the total number of participants is limited. Second, "Token Buyback": Users who do not wish to participate in the equity conversion can sell ACX for USDC at a price of $0.04375 per token within the next six months. This price is 25% higher than the average price over the past 30 days, and the funds will be fully supported by the protocol's liquid assets. The proposal is currently in the community feedback stage (temp-check) and has not yet entered formal voting. If approved, the team plans to complete the legal and technical processes within three months to ensure that users complete the exchange or sale.