Multichain
Crypto Overview
Overview and Intended Utility
Multichain (formerly AnySwap) is a Cross-Chain Router Protocol (CRP) designed to enable cross-chain interoperability between different blockchain networks. The protocol aims to facilitate seamless asset transfers across various blockchain networks through a decentralized approach.
Business Model and Current Usage
The MULTI token serves as the network's native governance token, allowing holders to participate in protocol decisions and validator operations. The protocol generates revenue through small fees on cross-chain transactions, which is distributed to validators and token holders.
Real World Adoption
Multichain has established partnerships with numerous blockchain networks and DeFi protocols. The platform has processed billions in cross-chain transactions and maintains active integration with major networks including Ethereum, Binance Smart Chain, and Polygon.
Development Activity
The project maintains active development with regular updates to its core protocol and security features. The team consistently releases technical improvements and new chain integrations.
Token Distribution and Governance
The initial token distribution allocated 40% to the team and early investors with a 2-year vesting period. The remaining 60% was distributed through mining rewards and ecosystem development. The protocol operates through a Proof of Stake consensus mechanism where validators must stake MULTI tokens.
Crypto Impact
To assign a comfort level investing in Multichain from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Multichain.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.