ChainCatcher report: The cross-chain bridge protocol Across Protocol has posted an update on X regarding the progress of the ACX exchange plan related to "The Bridge Across." The team stated that it is working with legal counsel to resolve final obstacles, resulting in a slight delay to the timeline; the exchange portal is expected to launch by the end of August. This plan is part of Across’s initiative to facilitate ACX token exit and structural transformation, allowing holders to choose between exchanging ACX for equity in the new entity or redeeming it. Across noted that some exchanges may begin delisting ACX, which is expected and does not affect the exchange plan. Users are advised to transfer their tokens to a self-custody wallet to participate once the portal launches.
Across Delays ACX Redemption Portal, Expected Launch in Late August
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Summary
Across Protocol announced a protocol update delaying the ACX redemption portal, now expected in late August. The team is finalizing legal procedures prior to launch. ACX holders can exchange their tokens for equity or redeem them. Some exchanges may delist ACX, but this will not affect the token launch announcement. Users are encouraged to transfer their tokens to self-custody wallets before the portal’s release.
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