Question 1

What is Multichain (MULTI) on Other Networks?

Accepted Answer

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.

Question 2

What is Multichain (MULTI) on Other Networks used for?

Accepted Answer

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.

Question 3

Who created Multichain (MULTI) on Other Networks?

Accepted Answer

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.


MULTI	BEP20	BNB	0x9fb9a33956351cf4fa040f65a13b835a3c8764e3	2021-12-15
MULTI	ERC20	POL	0x9fb9a33956351cf4fa040f65a13b835a3c8764e3	2021-12-15
MULTI	ERC20	FTM	0x9fb9a33956351cf4fa040f65a13b835a3c8764e3	2021-12-15
MULTI	ERC20	KCS	0x9Fb9a33956351cf4fa040f65A13b835A3C8764E3	2022-03-23
MULTI	ERC20	CLV	0x9Fb9a33956351cf4fa040f65A13b835A3C8764E3	2022-04-27
MULTI	ERC20	MOVR	0x9fb9a33956351cf4fa040f65a13b835a3c8764e3	2021-12-15
MULTI	ERC20	ARB	0x9fb9a33956351cf4fa040f65a13b835a3c8764e3	2021-12-15
MULTI	ERC20	AVAX	0x9Fb9a33956351cf4fa040f65A13b835A3C8764E3	2021-12-15