Multichain Pris (MULTI)

What Is Multichain (MULTI)?

As a cross-chain router protocol (CRP), Multichain is an infrastructure for on-chain asset interoperability, envisioned to be the ultimate router for Web3.

Multichain was born as Anyswap on the 20th July 2020 to service 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 community and its own development ecosystem. For our industry to reach the next level for consumers, we need a fast, secure, inexpensive and reliable way to exchange value, data and exercise control between the chains.

The solutions developed by Multichain allow almost all blockchains to inter-operate. There is no restriction to Ethereum like chains (e.g. Binance Smart Chain), or different Layer 2 chains requiring finality to Ethereum (e.g. Polygon), or a network of Parachains (e.g. Moonbeam in the PolkaDot system), or Bitcoin types of chain (e.g. Litecoin), or COSMOS chains (e.g. Terra). These are either now all integrated, or on course for integration. With support for all ECDSA and EdDSA encrypted chains, Multichain is almost universally applicable as an interoperable layer.

What makes Multichain network stable and secure?

The Multichain network comprises what are called SMPC nodes. They exist separately from any blockchain and collectively sign transactions, but a group of them must do so together and they each only ever know part of the key to make this happen. The SMPC nodes are run by different organisations, institutions and individuals and they are incentivized to perform their functions properly.

How Many MULTI Are There in Circulation and not in Circulation?

After rebranding, MULTI replaces ANY to be the governance token. It allows MULTI token holders to vote and participate in the governance of the Community and Ecosystem. The total supply of MULTI is 100 million as the fixed exchange rate for ANY:MULTI is 1:1. ANY circulating supply is 18,639,320, accounting for 18.64% of the total. Once the ANY-MULTI conversion is completed, MULTI circulation should be 18,639,320 whilst the uncirculated accounts for 81.36%, which are currently locked in smart contracts https://etherscan.io/address/0x1722800c0f1bfdf916ef948ef7790a861e90d558 There will be governance votes for MULTI utility in the future. Until then, the tokens will not be unlocked.

How to convert ANY to MULTI?

Only ANY can be swapped to MULTI, and this one-way swap is available on three blockchains including ETH, BSC and FTM via Multichain website https://app.multichain.org/#/multi ANY-MULTI swap rules and procedures: https://medium.com/multichainorg/how-to-convert-any-to-multi-rules-and-procedures-1752385139f1