Multichain

Multichain

Multichain MULTI Rank #2793

All about Multichain (MULTI) Token. What is it, price and risks

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What is multichain (MULTI)? As a cross-chain router protocol (CRP), Multichain is an infrastructure for on-chain asset interoperability, designed to be the ultimate router for Web3. Multichain was born as Anyswap on July 20, 2020 to meet the clear needs of different and diverse blockchains to communicate with each other. Each blockchain has its own unique services that it provides, its own development community and ecosystem. For our industry to reach the next level for consumers, we need a fast, secure, affordable, and reliable way to exchange value, data, and exert control across the chains. The solutions developed by Multichain allow almost all blockchains to interact. There are no restrictions for chains similar to Ethereum (eg Binance Smart Chain), or various Layer 2 chains that require the purpose of Ethereum (eg Polygon), or a Parachain network (eg Moonbeam in the PolkaDot system) or Bitcoin chain types (eg Litecoin ) or COSMOS chains (eg Terra). Now they are all integrated or in the process of being integrated. With support for all ECDSA and EdDSA crypto chains, Multichain is almost universally applicable as an interoperable layer. What makes the multi-chain network stable and secure? The multichain network comprises so-called SMPC nodes. They exist separately from any blockchain and sign transactions collectively, but a bunch of them have to do it together and each of them only knows part of the key to make it happen. SMPC nodes are managed by various organizations, institutions, and individuals and are incentivized to perform their duties properly. How many MULTI are there in circulation and not in circulation? After the rebranding, MULTI replaces ANY as the governance token. It allows MULTI token holders to vote and participate in community and ecosystem governance. The total supply of MULTI is 100 million since the fixed exchange rate for ANY: MULTI is 1:1. ALL current offers are 18,639,320, equivalent to 18.64% of the total. Once ANY-MULTI conversion completes MULTI executions should be 18,639,320 while uncirculated is 81.36%, currently locked in smart contracts https://etherscan.io/address/0x1722800c0f1bfdf916ef948ef7790a861e90d558 There will be governance votes for MULTI public services in the future. Until then, the tokens will not be unlocked. How to convert ANY to MULTI? Only ANYONE can trade on MULTI and this one-way exchange is available on three blockchains including ETH, BSC and FTM via the Multichain website https://app.multichain.org/#/multi ANY-MULTI exchange rules and procedures: https://medium.com/multichainorg/how-to-convert-any-to-multi-rules-and-procedures-1752385139f1