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logoMultichain (MULTI)

A Cross-Chain Router Protocol.
  • Multichain is a cross-chain router protocol. It was rebranded from Anyswap.
  • Using multi-party computation technology, Multichain allows cross-chain asset transfer and smart contract calls on 25 blockchains.
  • MULTI is the native token of the project. The current use cases for MULTI include:
    • Governance: MULTI can be staked to get veMULTI, which allows holders to vote and participate in governance of the ecosystem.
    • Receive Fees:45% of the bridge fees will be distributed as rewards to veMULTI holders every quarter.
  • The project consists of the following major components working in conjunction:
    • Explorer: allows users to track the status of their transactions on Multichain blockchain.
    • Router: allows users to transfer tokens between all blockchain supported by Multichain.
    • Security Model: utilizes technologies including threshold distributed signature algorithm and multi-party computation to ensure the security of the funds being transferred.
  • Circulating and total supply data.
    • As at June 23rd 2022, the total and maximum token supply of MULTI is 100,000,000. The current circulating supply is 18,639,320 (~18.6% of the total token supply).