What is MultisigX?

MultisigX is a tool that enables users to deploy and manage their own multi-signature contract on the MultiversX blockchain, using the official MultiversX multi-signature standard.

A multi-signature contract is a type of smart contract that requires multiple parties to sign off on a transaction before it is executed. This provides an additional layer of security and control when managing funds, tokens, and NFTs, especially as an organisation, protecting the funds from a rug-pull.

By deploying a multi-signature contract through MultisigX, users retain complete control over their funds and transactions, as the MultisigX team has no control or access to the funds stored in the Vault, and will not be able to recover any funds in the event of a problem.