Multichain - Cross-Chain Router Protocol
Multichain is a cross-chain router protocol; an infrustructure for multi-chain ecosystem, envisioned to become the ultimate router for Web 3.
MetaMask wallet is used here as an example to explain ANY-MULTI swap process:
1). Enter into Multichain official website: https://multi-chain.exchange/
2). Set up your wallet on Multichain. Click on “Connect Wallet” and the connection will be successful if the wallet account is displayed in the upper right corner. Also, please make sure that MetaMask is connected to the ETH network.
3). Approve ANY. Fill in the ‘ANY’ amount you want to convert and then click on ‘Approve ANY’. Please wait for MetaMask to confirm.
Please note that contract approval is a once-off process for the first ANY-MULTI swap. You will not go through it again next time.
4). Convert ‘ANY’ to ‘MULTI”. Fill in the ‘ANY’ amount that you want to convert and then click on ‘Swap’.
5). All transaction details can be checked via https://etherscan.io
Except for MetaMask wallet, users can also use OKEx, Coin98, WalletConnect, Coinbase Wallet, BitKeep, etc. to convert ANY to MULTI.
The conversion will only be initiated by ANY holders. Multichain will not enforce token conversion.
No time limit is set for conversion. Users can convert at any time from the starting date.
The conversion needs to be done within the ETH network, which means users need to transfer ANY to the ETH network before the conversion. They will need ETH for gas (including for the Contract Approval).
It is a one-way swap to convert ANY to MULTI; the other way around is not supported.
Once ANY is converted to MULTI, converted ANY will be locked in the smart contract.
You can convert ANY to MULTI via the official website, while more channels for conversion will be available soon (e.g., Binance Exchange). Please await later announcements.
MULTI users can trade MULTI on DEX including Sushiswap, Spookyswap, Spiritswap, Apeswap and Solarbeam, etc. More channels will be released soon.
Multichain is a definitive Router for web3. It is a foundation created for erratic cross-chain cooperations.
Multichain was brought into the world as Anyswap on the twentieth July 2020 to support the reasonable requirements of various and different blockchains to speak with one another. Each blockchain has its own extraordinary administrations that it gives, its own local area and its own advancement environment. For our industry to arrive at a higher level for purchasers, we want a quick, secure, reasonable and dependable method for trading worth, information and exercise control between the chains.
The arrangements created by Multichain permit practically all blockchains to between work. There is no limitation to Ethereum like chains (for example Binance Smart Chain), or different Layer 2 chains expecting irrevocability to Ethereum (for example Polygon), or an organization of Parachains (for example Moonbeam in the PolkaDot framework), or Bitcoin sorts of chain (for example Litecoin), or COSMOS chains (for example Land). These are either now totally incorporated, or on course for combination. With help for all ECDSA and EdDSA encoded chains, Multichain is all around relevant as an interoperable layer.
Multichain is presently the forerunner in the cross-chain field, with a quickly growing group of chains (right now 26) and everyday volumes well in overabundance of $100 million (). Its supported everyday volume of more than $100 million, its Total Value Locked in overabundance of $5 billion and its huge number of day to day clients are demonstration of its fame and security.
A resource is secured in a MPC savvy contract on the source chain and afterward a relating wrapped resource is printed on the objective chain. The opposite cycle (called Redeeming) sees the wrapped resource being scorched and afterward the resource in savvy contract being let back to the chain out of where it initially came from. A scaffold can hence just at any point work between two blockchains. This was the first crosschain administration created back in July 2020, which we call V2. There are currently in excess of 600 connected resources and it is not difficult to convey new ones, a cycle that requires around fourteen days, which we can perform upon demand and is free.
For some tasks, our custodial extensions are as yet the best arrangement, since they don’t need liquidity on each chain. They stay close by our different techniques for crosschain move. They are most valuable when tasks are sending off clear ERC20 like tokens on new chains where they don’t as of now have tokens. A few two way extensions can be sent for every token.