The Future of Perpetual DEXs
We Believe Decentralization!
We are soon on;
Our architecture was tailored to push the limits of decentralized trading,
with a technical stack built to support advanced charting functionality,
new synthetic assets, trading automation, and much more.
$MULTIBACK
0x2D4D33506417b455Fd151FE421903dED2D3baEA1
01
Perpetual Exchange
Major activities within MultiBack exchange include:
-
01. Backing the perpetual vault and leveraged trading by minting or redeeming MultiBack
Platform Overview
Fully on-chain order book perpetual exchange where users can create positions against performance of synthetic assets with leverage up to 100x.
-
02. Creating or closing leveraged positions on supported synthetic assets
-
03. Transactions typically take a long time to complete.
-
04. Managing pending or open positions with triggered ordes
-
05. Staking MultiBack or MULTI for various ecosystem rewards
02
Trading Features
MultiBack exchange provides traders with a powerful platform for leveraged trading supported by robust hybrid on-chain and off-chain architecture. We believe that combining the best of blockchain technology and proven, server-hosted capabilities allows users to benefit from self-custody without sacrificing performance and reliability.
-
MultiBack Stream Price Feeds
-
API Endpoints
-
Alerts and Notifications
Leveraged Positions
Traders may create long or short positions with up to 100 leverage on certain assets with USD as the quote currency. Asset prices are synthetic and are derived from oracles and price data derived from several enterprise data sources through our custom Stream price feed.
03
-
Referral Management
Additional benefits are planned to layer on additional value for network referrals
As featured in:
What is MultiBack Exchange?
MultiBack Exchange Key Features:
Margin trading: We have created a cutting-edge decentralized exchange that lets users join without having to go through the KY process that centralized exchanges need, users remain anonymous, and investors custody-related action still controls assets. 100%
Decentralized Trading
Borrow:
MultiBack Exchange Borrow brings complete transparency with easier access to assets for any remittance process without any third party. It offers the simplest loan process; borrowers need to have a cryptocurrency wallet and open Smart contracts. MultiBack Exchange provides a censorship-free environment, which means no preferences while ensuring immutability.
Tool:
Tools are a series of pages that will be able to help our user and are complementary to the experience offered by MultiBack Exchange, along with 3 special features in the tool section, such as Farm, Bridge, and Swap.
Referral Program: The function is being worked on and should stabilize the MultiBack Exchange ecosystem
Low tax trading:
To promote trading activity for $MultiBack and increase the solvency of the insurance fund while providing investors with a lower APR, MultiBack Exchange charges a low trading fee of 0.5% for buying and 0.5% for selling.
$MultiBack Distribution
MultiBack Exchange is supported by a robust token infrastructure to facilitate community member rewards and other utility.
Token Economy
$MultiBack Contract Address: 0x2D4D33506417b455Fd151FE421903dED2D3baEA1
3% Investors & Partners
Allocated towards future investment rounds for MultiBack. These allocations will be subject to new cliff and vesting periods.
5% Marketing fund
Reserved for marketing rewards, including distributions via Binance partnerships and co-marketing efforts with partners.
3% Airdrop
Allocated towards future Airdrop & Giveaway rounds for MultiBack. These allocations will be subject to new cliff and vesting periods.
7% Core team
6-month cliff with linear vesting for 36 months, starting from the time of onboarding.
2% Advisors
6 month cliff with linear vesting for 18 months, starting from the time of onboarding.
76,5% Liquidty Pool
Locked to 3 Years on BSCSCAN.
The primary utility token of the MultiBack Exchange ecosystem.
$MultiBack Contract Address: 0x2D4D33506417b455Fd151FE421903dED2D3baEA1
$MULTI
Minting/Redeeming
$MULTI is the liquidity provider token for MultiBack Exchange platform. It's based on $USDT staking, and can be redeemed for $USDT at any time. Anybody can stake $USDT to mint $MULTI and earn fees based on generated trading volume on the platform
In order to Mint $MULTI you need to:
01. Bridge $USDT from any ecosystem to Core Network.
02. Stake $USD (ensure that some $CORE is available in your wallet to pay for the network transaction fees) by entering the amount of $MULTI you'd like to mint.
Minting
There were no fees for minting $MULTI during the Hyper $MULTI period. Currently for $MULTI there is a 0.15% fee for minting and redeeming. Redeeming MULTI is just as simple by entering the amount of $MULTI and selecting the stablecoin you'd like to redeem for (with USDT being the only available option at time of launch).
Cooldown
Every time a $new MULTI is minted, it will start a 2-day cooldown period for your $MULTI balance. After this period, $MULTI balance can be redeemed for $USD at any time until any new $MULTI is minted. In addition to the staking function for minting $MULTI, users also have the ability to whitelist wallets or contracts that can stake on their behalf. In the future this will be used to allow cross-chain staking functionality.
Staking Rewards
By staking their $MULTI, users receive a share of 10% of the total perpetual fees in $MultiBack for each corresponding rewards cycle. Reward Cycle O will pay out a fixed amount of $MultiBack rewards for MULTI stakers
Multiback Core Team
At Multicore, we believe that success is a team effort. That's why we've assembled a talented group of individuals who bring their unique skills and experiences to the table. Meet our team!
Together, our team of 11 professionals is dedicated to providing the best service possible to our clients. Whether you're looking for technical support, marketing advice, or simply have a question, we're here to help. Get in touch with us today to see how we can work together to achieve your goals.
Elizabeth Warren
Founder
Khan Francis
Developer
Samuel B. Terri
Marketing Manager