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Across initiated a proposal to permanently fix the total supply of ACX at 1 billion coins.
Odaily Planet Daily News: Hart Lambur, co-founder of Across, initiated a proposal on Snapshot, seeking community approval to fix the total supply of ACX Token at 1 billion. Hart said that Bryan Pellegrino, the founder of LayerZero, recently criticized the Token design of Across, claiming that the ERC20 Token contract of ACX is susceptible to unauthorized Token minting. The Across team disagrees with his accusations. However, in the spirit of Decentralization and transparency, we propose a change to permanently fix the supply of ACX Tokens at 1 billion. This change does not require any modification to the ACX contract, but only requires Across Governance to relinquish ownership of the ACX Token contract to prevent any party from changing the Token supply through minting or burning in the future.