> For the complete documentation index, see [llms.txt](https://docs.multichain.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.multichain.org/getting-started/governance-token.md). # Governance Token $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](https://anyswap.medium.com/any-tokenomics-from-inflation-to-deflation-a2ca2b482051). 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. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.multichain.org/getting-started/governance-token.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.