Exciting news for INDODAX traders! Multichain (MULTI), a cross-chain interoperability protocol, is now listed on INDODAX as of October 2023. This guide covers everything you need to know about MULTI—its technology, market performance, and how to trade it.
What Is Multichain (MULTI)?
Key Features
- Cross-Chain Infrastructure: Originally named Anyswap, Multichain enables seamless interactions between blockchains (EVM-compatible chains like Avalanche, Layer 2 networks like Polygon, etc.).
- High TVL: Peaked at $10.45 billion** in Total Value Locked (TVL), though recent market conditions reduced it to **$1.38 billion.
- Daily Volume: Consistently processes over $100 million in transactions.
Founder
Zhaojun, co-founder and CEO, leads the project.
Market Data
- Rank: #425 (CoinMarketCap)
- Market Cap: Rp 592.6 billion (~$39 million)
- Circulating Supply: 14.54M MULTI (max supply: 100M)
How to Buy MULTI on INDODAX
Follow these steps to purchase Multichain (MULTI):
- Register an account on INDODAX if you don’t have one.
- Deposit IDR into your wallet.
- Navigate to the IDR market and search for MULTI/IDR.
Place an Order:
- Use instant buy for market prices.
- Use limit orders to set custom buy/sell prices.
- Monitor Price Trends: Sell when the value appreciates.
FAQs
Q: What makes Multichain unique?
A: Its ability to bridge 26+ blockchains with low latency and high security.
Q: Is Multichain a good investment?
A: While its tech is promising, always research market conditions and diversify your portfolio.
Q: When did MULTI launch on INDODAX?
A: Trading began October 5, 2023.
Pro Tip: Use limit orders to avoid volatility risks. Happy trading!
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