Across Protocol raised $10 million in Success Token funding at a valuation of $200 million, with participation from Hack VC and others
ChainCatcher news, the cross-chain bridge Across Protocol has raised $10 million at a valuation of $200 million, with participation from Hack VC, Placeholder, and Blockchain Capital. The investment was made in the form of these three venture capital firms purchasing 50 million ACX from Risk Labs under the "Success Token" scheme. Each token will mature on June 30, 2025, returning 1 ACX and a call option for 1 ACX priced at $0.50.
It is reported that the Success Token is a fundraising solution proposed by the synthetic asset protocol UMA, allowing funds to be raised without providing token discounts. (source link)
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