MultiBank’s MBG Token Explodes Onto MexC, Gate.io & Uniswap After Presale Frenzy
Another 'utility' token storms the gates—this time with institutional backing. MultiBank Group’s MBG token, fresh off a sold-out presale, just hit three major trading platforms simultaneously. Cue the speculative fireworks.
Where the Money Flows
MexC, Gate.io, and Uniswap now list MBG, offering traders the holy trinity: centralized order books, DeFi liquidity, and maximum volatility. The trifecta arrives just in time for the next bull run—or bear trap, depending on which hedge fund narrative you swallowed.
Tokenomics or Token-omits?
Zero original data provided on allocations or vesting schedules. Classic move. But with MultiBank’s regulatory licenses (FSA, ASIC, etc.), this isn’t your average shitcoin rollout. That either means disciplined distribution… or expertly concealed centralization.
Final Trade
Another day, another token bridging TradFi and crypto. Will MBG stabilize like its banking pedigree suggests—or get rekt like every other 'institutional-grade' altcoin? Place your bets; the casinos are open.
MultiBank Group token backed by RWAs
According to MultiBank, the token is backed by real-world value. This includes $29 billion in real-world assets on its platform, as well as $35 billion daily trading volume on the financial institution’s platform. MultiBank Group Chairman and founder Naser Taher emphasized the $440 million buyback program, aimed at strengthening to token over the next four years.
“MBG is built on rock-solid fundamentals, combining MultiBank’s $35 billion daily trading infrastructure with a $29 billion real asset base, while driving innovation through its multi-utility role: powering transactions across our TradFi and digital ecosystems, enabling staking rewards, and serving as the native token for our $3 billion real-world asset platform,” Naser Taher, MultiBank Group.
The project is also involved with tokenized real estate, claiming to have a $3 billion agreement with MAG Lifestyle Development. This project will include premium real estate, including Ritz-Carlton Residences.
Interest in the MBG token shows that traders are increasingly bullish on platforms at the intersection of tradFi and DeFi. Moreover, tradFi firms are increasingly tapping into the potential of crypto for raising capital for their ventures.