Why MultiBit (MUBI) Is A Hidden Gem — BitKan Insights
MultiBit Revolutionising Token Transfers with Dual Sided Cross-Chain Connectivity for BRC20 and ERC20 Tokens
What is MultiBit (MUBI)?
MultiBit (MUBI) serves as a cryptocurrency token bridging platform facilitating seamless token transfers between the Bitcoin blockchain and Ethereum Virtual Machine (EVM) networks, including Ethereum and BNB blockchains.
It enables the conversion of tokens from the Bitcoin’s BRC-20 standard into ERC-20 tokens on Ethereum or BEP-20 tokens on BNB, improving liquidity and bolstering the growth of the Bitcoin ecosystem.
How does cross chain bridges benefits Bitcoin ecosystem?
Cross-chain bridges like MultiBit are created to enhance interoperability among the fragmented blockchain networks.
By enabling the transition of Bitcoin tokens to EVM-based networks, users can leverage their tokens and assets across the Ethereum ecosystem, accessing its infrastructure and decentralised finance (DeFi) platforms like exchanges and lending services.
The facilitation of cryptocurrency token bridging offers users the flexibility to seamlessly transfer liquidity or tokens between blockchain networks, eliminating the complexities of manual processes or multiple transactions.
How does MultiBit’s Token Bridging Works?
Users connects their crypto wallets with MultiBit, selecting their desired BRC-20 tokens for transfer and directing them to a designated BRC-20 address provided by the protocol.
Upon reception and validation of the deposited tokens, MultiBit generates an equivalent volume of tokens on the EVM network through a minting process.
MultiBit’s protocol routinely consolidates the tokens from unique addresses, securely transferring them to a centralised cold wallet.
Moreover, MultiBit’s bidirectional bridge functionality enables users to revert tokens from EVM networks to Bitcoin. Upon withdrawal, the MultiBit Protocol destructs the corresponding tokens on the EVM chain and transfers an equal value from the secure cold wallet back to the user.
Beyond Ethereum and BNB blockchains, MultiBit extends its token bridging capabilities to Polygon and Arbitrum networks.
Why Mubit (MUBI) Might be a Hidden Gem?
1. The Announce of the MultiBit NFT Bridge Between Bitcoin and Ethereum Would Be Ready Soon
2. Over $150,000,000 Worth of $MUBI Stacked in the MultiBit Liquidity Pool
3. Three Wallets Recently Brought Nearly $3M Worth of $MUBI
0x6b7 spent 1.41M $USDT on 18 Dec to buy 5.5M $MUBI at $0.2541
0x3769 spent 552,555 $USDC on 19 Dec to buy 1.8M $MUBI at $0.3054
0xf8a8 spent 980,703 $USDC on 19 Dec to buy 3.13M $MUBI at $0.3134
How To Get MultiBit (MUBI) Token?
MultiBit platform token is currently listed on popular exchanges such as Gate io, MEXC and BitKan.
Why Trade MultiBit on BitKan?
By creating a BitKan account, you gain access to more than 1200+ coins across 8 exchanges. A single BitKan account helps you to save the hassle of managing funds across different exchanges.
>>>Trade MultiBit (MUBI) on BitKan Now<<<
New to BitKan? Here are some crypto gifts for you!
1. Win Daily Crypto Rewards
2. Get a $100 BitKan Sign-Up Gift
3. Earn $100 For Every Friend You Refer
Benefits of BitKan Cryptocurrency Exchange:
- Receive the most recent daily news within the community
- Trade 1200+ coins across 8 exchanges with 1 BitKan account
- Use custom price alert and portfolio tracker at your fingertips
- Start a Spot, Futures, Automated Bot Trade, BitKan Earn & more
- Served 10+ million users in 170 countries with 9 years of experience
- Discover the latest events, coins & enjoy the best prices on Web & APP
- 8 Partner Exchanges Include Binance, OKX, Bitfinex, Gate.io, Huobi, MEXC, Poloniex, and Bit.com.
- Based in Singapore and Japan, BitKan holds the Digital Asset Exchange License from the Financial Services Agency of Japan.
Follow Us:
