Multicoin (MTCN) is an ERC20 token built on the Ethereum blockchain and a single means of exchange on Multiven Open Marketplace (MOM). MOM is an advanced blockchain-built marketplace that allows users to trade any product or service on a peer-to-peer network. The Multiven Coin (Multicoin) is a digital currency operated and strengthened by Ethereum smart contracts. The coin is specially created for new, pre-owned, recycled IT, software, network hardware, and other services. Since Multicoin is the only medium of exchange on MOM, no transaction can occur without its native token.
In addition, every transaction on the platform generates fixed proof-of-ownership (PoO) data on the blockchain. As every transaction is documented over the Ethereum blockchain with timestamp and ownership details, the PoO feature of MOM helps other DApps in fetching their required data. Moreover, MOM doesn’t incur any fees or commissions on any purchase. To ensure the transaction’s authenticity, all the transacting participants need to stake refundable MTCN double the asset’s price. However, the bet amount is refunded to both parties once the purchaser approves the receiving of assets.
According to the Multicoin whitepaper, Multiven introduced MOM to simplify trading and sharing networks without intermediaries at a meager cost. Moreover, Multiven aims to control, utilize, and deploy free, public artificial intelligence to protect cryptocurrency networks from harmful cyber attacks. Apart from this, the platform intends to sustain the integrity of the software that operates the non-blockchain internet networks worldwide. Also, Multiven targets record and map each device on the internet and make them accessible on the global blockchain network.
Furthermore, Multiven Coin (Multicoin) provides decentralized software integrity maintenance and cyber-defense services to all internet networks. The coin also features freedom and socioeconomic empowerment with transparency, securing future humankind by fostering full node decentralization into space.
