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What is Multichain (MULTI)?

Multichain basic info

Name:Multichain

Ticker:

MULTIBuy now

Introduction:

What is Multichain (MULTI)?

According to their official documentation, Multichain is an infrastructure developed for arbitrary cross-chain interactions. The platform claims to be the ultimate router for web3 and offers solutions that enable nearly all blockchains to interconnect, including EVM chains like Avalanche, Layer 2 chains tied to Ethereum such as Polygon, and Parachains networks like Moonbeam on Polkadot.

Who are the Founders of Multichain?

Zhaojun is one of the co-founders and serves as the CEO of Multichain, an infrastructure designed for arbitrary cross-chain interactions.

What makes Multichain Unique?

Multichain has developed a solution to the problem of a single point of failure when transacting cross-chain. The solution involves using Threshold Signature Schemes (TSS) and splitting the security key. Multichain's Secure Multi-Party Computation (SMPC) network implements TSS Distributed Key Generation, an algorithm custom written and optimized by the engineers at Multichain. Each node in this unique selection is independent and produces part of the private key responsible for confirming transactions. By digitally signing transactions, the SMPC network can manage asset accounts and smart contracts across multiple blockchains. Multichain's unique feature, VeMulti, is the governing system for multiDAO, which rewards stakers of MULTI with veMULTI NFTs and grants them voting rights.

How is the Multichain Network Secured?

The PoS consensus mechanism secures the Ethereum blockchain on which MULTI, an ERC-20 token, is issued. Validators participate in consensus and validate transactions by staking 32 ETH.

Current price:

$0.1579More price details

All-time high:$38.62

All-time low:$0.08289

MULTI supply and tokenomics

Circulating supply:14,541,094 MULTI

Total supply:100,000,000 MULTI

Max supply:100,000,000 MULTI

Market cap:$2.30M

Fully diluted market cap:$15.79M

Tokenomics:

Uniqueness

As laid out in its official documentation, Multichain aims to solve the problem of a single point of failure that occurs when a single signature is used to send assets or interact with smart contracts cross-chain. The solution, according to Multichain, is to use Threshold Signature Schemes (TSS) and split the security key. This is where Multichain's Secure Multi-Party Computation (SMPC) network comes into play.

Multichain's SMPC network of nodes implements TSS Distributed Key Generation, an algorithm custom written and optimized by the engineers at Multichain. Each node in this unique selection works independently from the others to produce part of the private key responsible for confirming transactions. Not one of them can independently sign transactions, yet they all collaborate to do so. Furthermore, the key is never fully reconstructed during the signing process and remains safe from interception as it's kept in separate parts.

Token utility

By digitally signing transactions, the SMPC network is able to effectively manage asset accounts and smart contracts across a variety of blockchains. This comprehensive system makes it possible for users to perform countless tasks with ease and efficiency.

Cross-chain bridges are the connection between two blockchains. When an asset is to be bridged, it's sent to a special SMPC wallet address and kept safe in a Decentralized Management Account on its origin chain. On the destination chain, this triggers a smart contract that mints tokens 1:1 with those held in the Decentralized Management Account and then sends them directly into your wallet. The reverse occurs when you withdraw coins from your destination blockchain - they're burned off before SNMP nodes quickly release them onto their source blockchain again.

In addition to its unique SMPC network as described above, VeMulti is another unique feature of Multichain. VeMulti stands for vote escrow Multi and it was launched on May 9th, 2022.

As the governing system for multiDAO, VeMulti rewards stakers of MULTI with veMULTI NFTs. These holders will be capable of initiating and supporting governance proposals through their votes. The degree of rights and power are based on both your amount of MULTI invested as well as how long it is locked up in the system.

Links

Website:https://multichain.org/

X:https://twitter.com/MultichainOrg

GitHub:https://github.com/anyswap

Buy Multichain for $1Buy MULTI now

What is the development prospect and future value of MULTI?

The market value of MULTI currently stands at $2.30M, and its market ranking is #1600. The value of MULTI is not widely recognized by the market. When the bull market comes, the market value of MULTI may have great growth potential.

As a new type of currency with innovative technology and unique use cases, MULTI has broad market potential and significant room for development. The distinctiveness and appeal of MULTI may attract the interest of specific groups, thereby driving up its market value.

What will the price of MULTI be in 2025?

Based on MULTI's historical price performance prediction model, the price of MULTI is projected to reach $0.4009 in 2025.

What will the price of MULTI be in 2030?

In 2030, the MULTI price is expected to change by +3.00%. By the end of 2030, the MULTI price is projected to reach $0.5737, with a cumulative ROI of +59.40%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of MULTI and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

MULTI price MULTI price prediction MULTI news

Is MULTI worth investing or holding? How to buy MULTI from a crypto exchange?

If you want to buy MULTI, the following information may be helpful for your investment decisions:

In the last seven days, the price of MULTI has risen by 34.00%, leading to positive returns for most MULTI investors. The market is currently optimistic about the price trend of MULTI.

It is important to note that the current price of MULTI has retreated by -99.59% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether MULTI is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in MULTI or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of MULTI, if you want to buy or sell MULTI, you can consider Bitget for your trading needs. The best place to buy MULTI is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Multichain has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Multichain. Here's a step-by-step guide on how to buy Multichain on Bitget.

Buy MULTI now Coin buying guide

How to get Multichain through other methods？

Using cash to buy Multichain is not the only way to obtain Multichain. If you have the time to spare, you can get Multichain for free.

Learn how to earn Multichain for free through the Learn2Earn promotion.

Earn free Multichain by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Multichain airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Multichain through Bitget Convert, Bitget Swap, or spot trading.

What is Multichain used for and how to use Multichain?

The use case of Multichain may expand as the crypto market and the project itself develop. Currently, you can use MULTI to achieve the following goals:

Arbitrage by trading MULTI: Since MULTI is a frequently traded cryptocurrency, the price of MULTI is always fluctuating. Earn more MULTI by buying low and selling high on the exchange. Bitget spot market provides a variety of MULTI trading pairs to fully meet your needs.

Earn by staking MULTI: You can also generate income through financial management methods such as staking MULTI or lending MULTI. Bitget Earn offers a variety of financial products designed to help you earn more income from your MULTI.

Send or pay MULTI: If you want to give MULTI to your friends, a charity, or a fundraiser, or you want to pay someone with MULTI, you can quickly and easily send MULTI to the recipient through their payment address.

You can also go to the official website of the Multichain project to learn more about the use cases of MULTI. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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