MMULTI
Multichain (via Multichain Cross-Chain Router)
$0.07905
0.00%
Multichain (via Multichain Cross-Chain Router)
MMULTI
$0.07905
0.00%
Multichain (via Multichain Cross-Chain Router) Price Converter
Multichain (via Multichain Cross-Chain Router) Information
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About Multichain (via Multichain Cross-Chain Router)
MULTI tokens on other networks, such as Binance Smart Chain and Fantom, were bridged versions of the Ethereum-based MULTI token, issued via the Multichain bridge. These bridged tokens initially held the same value and governance capabilities as the original Ethereum version, facilitating cross-chain interoperability. Following the shutdown of Multichain’s operations in July 2023, the bridged tokens lost parity with the Ethereum version and now trade independently. Without an active protocol to support them, these bridged MULTI tokens are considered unsupported legacy assets, representing their historical role within the now-defunct Multichain ecosystem.
MULTI tokens on other blockchain networks, facilitated by Multichain’s bridge services, were designed as bridged representations of the Ethereum-native MULTI token. Before the platform’s suspension, these tokens were issued on networks such as Binance Smart Chain, Fantom, and Polygon. Due to Multichain’s now-defunct infrastructure, bridged MULTI tokens on these networks have lost parity with the original Ethereum-based MULTI token, trading independently and at different values from the Ethereum version.
These bridged tokens functioned identically to the Ethereum-based MULTI token in their respective ecosystems. They were originally intended to provide governance rights and access to Multichain services on non-Ethereum chains. Following the Multichain shutdown, bridged MULTI tokens lost their connection to the protocol’s governance and ecosystem. Consequently, they now represent de-pegged, legacy tokens of the former cross-chain bridging infrastructure.
The issuance of MULTI tokens on networks outside Ethereum was managed by the same Multichain team, utilising their bridge to lock MULTI on Ethereum and issue bridged equivalents on other chains. The operational and technical support for these tokens relied on the Multichain team’s infrastructure, which was disrupted by the CEO’s arrest and the July 2023 security exploit. Without active management, these bridged MULTI tokens are currently unsupported and lack a functioning ecosystem.
