ACX

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Across Protocol

Use Cases of Across Protocol

Across Protocol is designed to facilitate seamless and efficient cross-chain transactions, particularly for Layer 2 solutions and rollups. Here are some of its key use cases:

• Cross-Chain Transfers: Across Protocol enables users to transfer tokens between different blockchain networks efficiently and securely. This includes transfers from Layer 2 rollups to the Ethereum mainnet, as well as between different Layer 2 networks.

• DeFi Applications: The protocol supports various DeFi applications by providing fast and cost-effective cross-chain transactions. This includes enabling users to deposit funds to mint NFTs from any supported chain, directly within the dApp, without manually bridging themselves.

• Gaming and Social Platforms: Across Protocol can enhance the speed and flexibility of transactions for gaming and social platforms that span multiple blockchain networks. This helps in reducing transaction costs and improving overall user experience.

• Liquidity Provision: The protocol incentivizes liquidity providers with ACX emissions and offers additional rewards through its Ethereum-based liquidity pools. This helps in maintaining a robust and efficient cross-chain ecosystem.

• Referral Program: Across Protocol has a referral program that rewards users for participating in the protocol, further encouraging active engagement within the ecosystem.

• Web2 to Web3 Transition: For traditional developers interested in integrating web3 features, Across Protocol offers a simplified entry point into blockchain-based functionality. It handles the complexity of cross-chain transactions under the hood, allowing developers to focus on building their applications while tapping into new web3-based markets.

Pros of Across Protocol

• Cost Efficiency: Across Protocol stands out for its cost-efficient design and low transaction fees, saving users between 20 to 80% in costs on cross-chain transfers.
• Capital Efficiency: It uses a single liquidity pool and an interest rate fee model, which enables lower costs for users and increased yields for liquidity providers.
• Security: The protocol is secured via UMA’s Optimistic Oracle, which verifies transactions on all blockchains and allows for disputes to be solved by UMA token holders.
• Fast Transactions: Across Protocol utilizes third-party relayers that can move assets quicker than the origin or destination chain finality times, resulting in fast fills.
• Competitive Relayer Landscape: Bonded relayers can take risks and compete with one another on speed to satisfy users’ deposit requests.

Cons of Across Protocol

• Limited Token Selection: Across Protocol supports a limited selection of bridgeable tokens and networks compared to other bridges, which limits its use case for certain users.
• Limited Scalability: Like many cross-chain bridges, it may face scalability issues as the number of blockchains and assets increases.
• User Experience: Users may need to go through a third-party interface, which can be an awkward experience outside of their control.
• Limited Liquidity: The protocol may face liquidity issues, especially with less popular tokens or networks.

Founders of Across Protocol

The founders of Across Protocol include Hart Lambur, who is one of the co-founders. He has been actively involved in the development and strategic decisions of the project, including recent proposals to cap the supply of ACX tokens.

Investors in Across Protocol

• Blockchain Capital: A leading venture capital firm focused on blockchain and cryptocurrency investments.
• Hack VC: A venture capital firm that invests in early-stage blockchain and cryptocurrency projects.
• Placeholder Ventures: A venture capital firm that specializes in investments in blockchain and cryptocurrency startups.

These investors participated in a private token sale, purchasing 50 million ACX tokens at $0.20 each, for a total of $10 million, valuing Across Protocol at $200 million.

Investment Potential

Across Protocol is considered a promising investment by various analysts and experts. Here are some key points to consider:

• Growth Projections: Many forecasts predict significant growth for Across Protocol in the coming years. For example, some predictions suggest it could reach new highs by 2028 and continue to grow through 2030 and beyond.
• Long-term Outlook: The long-term outlook for Across Protocol is generally positive, with predictions indicating substantial increases in value over the next few years. This makes it a potential long-term investment opportunity.
• Market Sentiment: The current sentiment among investors and market leaders is bullish, indicating a positive outlook for Across Protocol's future performance.
• Volatility: Like all cryptocurrencies, Across Protocol is subject to market volatility. However, this volatility also presents opportunities for significant gains.
• Expert Opinions: Various experts and analysts predict that Across Protocol will break its previous all-time highs and reach new levels in the future.

Key Considerations

• Market Fluctuations: The cryptocurrency market can be highly unpredictable, and prices can fluctuate rapidly.
• Diverse Predictions: Different sources may provide varying predictions, so it's essential to consider multiple viewpoints.
• Investment Strategy: Long-term investment strategies often focus on the overall direction of the asset rather than short-term market noise.

Conclusion

Across Protocol is seen as a good investment opportunity by many experts, with predictions indicating significant growth potential in the coming years. However, it's crucial to consider the inherent volatility of the cryptocurrency market and diverse predictions when making investment decisions.

Halal Status of Across Protocol

• Halal Status: Yes
• Reason: Across Protocol is considered halal because it does not inherently involve impermissible activities such as interest-based lending or gambling. It operates within a framework that aligns with Islamic finance principles, similar to other halal cryptocurrencies like NEAR Protocol and Polkadot.