Thread by @AcrossProtocol

1/ With all that's happened, why is Across launching a token now?

$ACX will manage and control the protocol itself, but it's also a coordination layer for the community to support the project.

The vision far larger than short-term gains.

medium.com/across-protoco…

2/ @cburniske of @placeholdervc explains why this approach aligns with Across' longtermism:

Projects that launched in down markets like Ethereum, Cosmos, and Solana -- "were able to accrue a valuable community that sustains them to this day"

3/ Why? Because, as Chris explains, the "community was able to permissionlessly get ownership of the network’s native asset at life-changing prices."

"So ingrained are these networks to their contributors’ identity, many may never leave.” 👀

4/ 'Many never leave' is exactly the thesis Across is banking on, and with more than just words: Across' reward locking directly rewards loyalty over mercenary capital, making sure the most tokens are put into the hands of those who are long on the protocol itself.

5/ The other reasons launching a token now is more a feature than a bug for a protocol like Across:

- The fly-by-nights have flown

- Fundamentals driven market action, which allows the right people to accumulate early and at a privileged price

6/ and...

- Integration with leading protocols is easier due to less noise overall

- Projects that build during down markets are perceived as far more legitimate when the tides rise again

7/ #Web3 #protocols are forever. The community behind Across is dedicated to doing it the right way.

If you're in the space for the same reasons, we'd love to have your thoughtful contributions.

discord.gg/across

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