Multichain on BNB Chain

Introducing Multichain (MULTI): A New Arrival on the BNB Chain

Welcome to the detailed profile of Multichain (MULTI), the latest addition to the BNB Chain. As an exciting new cryptocurrency token, Multichain (MULTI) was launched with the intent to join the thriving BNB Chain ecosystem.

This token operates on the BNB Chain, an infrastructure that supports the creation and execution of decentralized applications (dApps) and allows users to transact in digital currencies seamlessly and securely.

At NewCoinHub, we provide up-to-date and comprehensive data about Multichain (MULTI) including its current price, trading volume, liquidity status, and the number of holders. We also supply the official smart contract address, crucial for those interested in further exploration or investment.

Please note that the world of cryptocurrency can be volatile and unpredictable. We encourage all visitors to perform their own due diligence and research when considering investments. For the most accurate and recent data, continue to refer to this page, as we strive to update our information in real-time.

Read on to learn more about Multichain (MULTI) and find answers to some frequently asked questions.

Token description

## What Is Multichain (MULTI)? Multichain (MULTI), previously known as Anyswap, claims to be the ultimate router for [web3](https://coinmarketcap.com/alexandria/glossary/web-3-0) and has positioned itself as an infrastructure developed for arbitrary [cross-chain](https://coinmarketcap.com/alexandria/glossary/cross-chain) interactions. As claimed in their official documentation, Multichain offers solutions that enable nearly all blockchains to interconnect – regardless if it is EVM chains (e.g., [Avalanche](https://coinmarketcap.com/currencies/avalanche/)), [Layer 2](https://coinmarketcap.com/alexandria/glossary/layer-2) chains tied to [Ethereum](https://coinmarketcap.com/currencies/ethereum/) (like [Polygon](https://coinmarketcap.com/currencies/polygon/)), [Parachains](https://coinmarketcap.com/alexandria/glossary/parachain) networks like [Moonbeam](https://coinmarketcap.com/currencies/moonbeam/) on [Polkadot](https://coinmarketcap.com/currencies/polkadot-new/), and so on. Multichain is a prominent name in the cross-chain space, with a rapidly growing network of 26 chains, with [Total Value Locked (TVL)](https://coinmarketcap.com/alexandria/glossary/total-value-locked-tvl) reaching highs of over $10.45 billion, and a sustained daily volume of over $100 million. However, the onset of the bear market and recent news of [Multichain CEO being uncontactable](https://coinmarketcap.com/alexandria/article/multichain-halts-some-services-as-ceo-is-awol) saw TVL dropping to $1.38B. ## Who Are the Founders of Multichain? Zhaojun is the co-founder and CEO of Multichain. ## What Makes Multichain Unique? 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)](https://coinmarketcap.com/alexandria/glossary/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. 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](https://coinmarketcap.com/alexandria/glossary/staking) of MULTI with veMULTI [NFTs](https://coinmarketcap.com/alexandria/glossary/non-fungible-token). 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. ### Related Pages: Read about [Axelar](https://coinmarketcap.com/currencies/axelar/) — another cross-chain communication protocol. Check out our [deep dive into cross-chain bridges](https://coinmarketcap.com/alexandria/article/what-are-cross-chain-bridges) on CMC Alexandria. Learn more about [blockchain bridges](https://coinmarketcap.com/alexandria/article/what-are-blockchain-bridges). Find out more about bridges with [CMC glossary](https://coinmarketcap.com/alexandria/glossary/bridges). ## How Many Multichain (MULTI) Coins Are There in Circulation? According to the project’s whitepaper, the total supply of MULTI is 100 million. The current circulating supply of MULTI is 14,541,094, about 15% of the total supply. ## How Is the Multichain Network Secured? MULTI is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token issued on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) blockchain, which is secured through the [Proof-of-Stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) (PoS) [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism). Validators stake 32 ETH to participate in consensus and validating transactions. ## Where Can You Buy Multichain (MULTI)? MULTI can be purchased on various [centralized](https://coinmarketcap.com/alexandria/glossary/centralized) exchanges such as [Binance](https://coinmarketcap.com/exchanges/binance/), [Coinbase](https://coinmarketcap.com/exchanges/coinbase-exchange/), [Kraken](https://coinmarketcap.com/exchanges/kraken/), [Huobi](https://coinmarketcap.com/exchanges/huobi/) and more. It is also available on decentralized exchanges like [PancakeSwap (V2)](https://coinmarketcap.com/exchanges/pancakeswap-v2/), [SushiSwap](https://coinmarketcap.com/exchanges/sushiswap/), [SpookySwap](https://coinmarketcap.com/exchanges/spookyswap/) and more. Keep track of MULTI live prices in real-time with the [CMC mobile app](https://coinmarketcap.com/mobile/).