Multibit (MUBI) is a protocol designed to bridge the liquidity between the Bitcoin network and EVM networks, enhancing cross-chain transfers and integration. Its primary feature, the Multibit Bridge, facilitates the transfer of tokens between ETH, BNB, and BTC networks, supporting the liquidity of BRC20 tokens and the Bitcoin ecosystem's growth. The native token of this platform, $MUBI, serves multiple purposes: it grants governance rights to its holders for decision-making on the platform, offers rewards for staking and contributing resources or liquidity to the network, and requires staking as a security deposit for nodes participating in securing the cross-chain network. $MUBI is a multi-utility token aimed at encouraging participation in the Multibit ecosystem, but it does not represent any shareholding or ownership in the company or provide any investment returns. Its use is confined to the Multibit Protocol, and its market value is not influenced by the project's contributors.
