The MultiBit token (MUBI), an ERC20 and BRC20 cross-chain protocol, launched with a significant surge of 1140%, now trading at approximately $0.0062, as per BlockBeats' update on November 14.
MUBI successfully completed its auction on the Ethereum-based auction platform, Bounce Finance, on November 12 at a unit price of $0.00047, raising 88 ETH. Simultaneously, the token completed an Initial DEX Offering (IDO) on the Bitcoin network donation platform, TurtSat, at the same unit price, raising a sum of 4.64 BTC.
In total, around $350,000 was raised in the two fundraising rounds. As per the official website, the MultiBit protocol was developed aiming to establish a bilateral bridge for cross-network transmissions between BRC20 and ERC20 tokens, supporting decentralized finance application experiences among different blockchain networks. The token's booming opening performance indicates strong market i
