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Current token status. Subsequent new proportional allocation is updated after voting.
$MULTI is the governance token used to allow MULTI token holders to vote and participate in governance of the Community and Ecosystem.
Evolved from Anyswap, a decentralized cross-chain swap protocol with DEX trading and liquidity mining rewards, Multichain is re-positioned as an infrastructure developed for arbitrary cross-chain interactions, an ultimate router for Web 3. Here we will explain to you the MULTI Tokenomics.
The total supply of MULTI will be 100 million according to the fixed exchange ratio with ANY (ANY:MULTI=1:1) as the total supply of ANY is 100 million. Currently, ANY circulating supply is 18,639,320, accounting for 18.64% of the total. Once the swap is completed, MULTI circulation will be 18,639,320 while the uncirculated accounts for 81.36%.
The uncirculated MULTI tokens are locked in the smart contracts, and it's specific use is determined by the DAO. Meanwhile, ANY Tokenomics for repurchase and destruction will also be upgraded to the veMULTI model. For details, stay tuned to our follow-up announcement.