Multi is a new type of token that lets its community actively shape which assets back it. Unlike other digital currencies with static reserves, Multi uses an innovative competition system where participants directly influence which tokens are in the reserves and in what proportions.
The process is straightforward: participants stake tokens to add assets to the reserves, compete with others who have different ideas, and earn rewards if their additions perform well. Multi's Market Stabilizer enables any reserve token to be exchanged for any other in a single transaction.
To participate, you can simply trade Multi tokens, which represent a share of the protocol's reserves, or take a more active role by joining competitions with governance tokens. The system automatically handles all necessary issuance or redemption behind the scenes.
Based on the Foresight Protocol, Multi combines community-driven reserve management with automated multilateral exchange. This creates a system that continuously evolves based on real-world performance rather than just votes or arbitrary decisions.
The market stabilizer and foresight network operate in a symbiotic, self-improving loop. The market stabilizer's trading activity generates price data for the competitions, while the competitions constantly refine Multi's backing, reconfiguring the market stabilizer. This allows the system to dynamically adapt to changing market conditions and evolving demand for the underlying assets.
The market stabilizer automatically optimizes trading in the Multi ecosystem. When users place orders, it finds the best prices by trading multiple reserve tokens simultaneously. This process ensures users get optimal rates while adjusting Multi's supply to match demand. As a result, users benefit from enhanced liquidity, more efficient trading, and increased market price stability. Automatically scales Multi's supply to market demand.
The market stabilizer ensures that each coin is properly backed by precise quantities of tokens.
As Multi grows, the system purchases the appropriate quantities to maintain constant token ratios.
Multi utilizes a multilateral exchange across different markets to ensure precise backing.
Multi organizes structured competitions where participants propose changes to the reserve composition. The tournament follows a precise sequence: the system announces eligible tokens and prices, participants stake capital alongside their proposals, and the protocol sources assets at optimal market rates. Each tournament creates controlled, incremental improvements through a transparent process that prevents manipulation.
Multi employs Proof of Improvement as its foundational mechanism for evolution. This mathematical verification compares the performance of proposed changes against the existing reserve. Capital naturally flows from underperforming strategies to successful ones, creating a merit-based ecosystem where influence is earned through demonstrated value creation.
Multi aims to create a hierarchical network of interconnected subsidiary Multi variants, each focusing on specific asset types or blockchain ecosystems, forming a diverse and adaptable ecosystem.
