What is Anyswap?
Anyswap is a previous version of Multichain. It rebranded on December 2021. Even though Anyswap continues to provide its services, there will be no further updates to this platform.
Anyswap is a fully decentralized cross-chain protocol for swapping digital currencies. The platform uses an automated pricing and liquidity system. It supports any coin on any blockchain that uses ECDSA or EdDSA as a signature algorithm. The tokens include BTC, XRP, USDT, ETH, LTC, and FUSION. The protocol is powered by Fusion’s Decentralized Control Rights Management (DCRM) technology, which enables it to manage the movement of tokens across blockchain networks.
One of the main features of Anyswap is that it is highly secure. This security is achieved with the help of the Fusion network which uses a process called private key sharding. This process splits the private key into several bits and manages them through various network nodes.
Another feature of the protocol is that smart contracts on Anyswap are open source. Therefore, individuals can audit the protocols, thus enhancing security.
Overall, Anyswap provides the following products and services:
- Decentralized Cross-Chain Bridge that allows for the deposit and withdrawal of any ECDSA-compliant toke;
- Inter-chain swaps that enable instant swaps between supported cryptocurrencies;
- Program Pricing and Liquidity that allows liquidity providers to add and withdraw liquidity from swap pairs;
- Wallet support.
ANY is the native token of Anyswap. The token follows the Fusion platform standards. You can view ANY price on the live Anyswap price chart above.
Use Cases of ANY Tokens
Anywap coin is both a utility and governance token. Anyswap token holders have the right to vote on the network’s working nodes. The native asset also allows holders to choose which currencies should be featured on the Anyswap DEX. Additionally, ANY holders can propose and vote on changes to the network settings. Besides, the token also allows investors to earn rewards on the protocol.
Interested in purchasing Anyswap crypto assets? If you are, make sure to analyze the current and the previous ANY price. Use the Anyswap price chart above to do that.
Who Founded Anyswap?
Dejun Qian is the co-founder of Anyswap. Qian is an experienced crypto investor who has helped kick-start and steer the growth of other popular projects. Dejun Qian is also the founder and CEO of the Fusion Foundation, as well as BitSE.
Tokenomics of Anyswap
Anyswap has a maximum supply of 100 million ANY tokens. The fixed supply helps protect Ayswap price from the effects of undesirable inflation. However, the initial supply of Anyswap coins was 15 million. Out of this supply, 5 million were used for the initial liquidity provision, while 10 million were set aside for the community and ecosystem. In terms of the distribution of the whole Anyswap supply, the remaining 85 million ANY tokens were allocated to block rewards and distributed as follows:
- Cross-Chain DCRM Node Rewards – 10 million;
- Liquidity Rewards – 15 million;
- Team Rewards – 15 million;
- Shareholder of Anyswap company – 20 million;
- Swap and Trading – 25 million.
