What is Multicoin (MTCN)?
Multicoin (MTCN) is an ERC20 standard token built on the Ethereum blockchain. It is designed to be the native token for the Multiven Open Marketplace (MOM) and Boom ecosystem, serving as the core medium of exchange within these platforms.
Project Background and Vision
The core vision of the Multiven Open Marketplace (MOM) is to build a peer-to-peer network enabling users to trade new, used, or recycled IT hardware, software, network equipment, and related services without any transaction fees or commissions. The MTCN token has multiple uses within this ecosystem, including:
- Serving as the sole medium of exchange for all transactions on the platform.
- Supporting decentralized software integrity maintenance and cybersecurity services.
- Participating in the governance of the Boom ecosystem.
The project was founded by Peter Alfred-Adekeye, a former technical lead at Cisco Systems. The Boom platform launched its private beta in Q2 2022, integrating an e-commerce marketplace with cryptocurrency wallet functionalities.
Tokenomics
Multicoin (MTCN) has a maximum supply set at 2 billion tokens, with the total supply close to this cap at 1,999,999,990 MTCN. However, as of October 21, 2026, its self-reported circulating supply is 0 MTCN, and platforms like CoinMarketCap mark it as unverified.
Current Market Status and Trading Activity
According to data sources such as CoinMarketCap, CoinCarp, and Etherscan, as of October 21, 2026, the price of Multicoin (MTCN) is displayed as $0.00, with an on-chain market capitalization also at $0.00. These platforms explicitly state that the token cannot currently be purchased on cryptocurrency exchanges and is not listed on major trading platforms like Coinbase.
Currently, the token has no active trading market and lacks effective transactions. While there are future plans for listing on centralized and decentralized exchanges, the current market conditions indicate that its trading activity has largely ceased.
