Multi Party Computation

The Memecoin Cult Index token represents a novel asset class, focusing on new and emerging memecoin assets on multiple blockchain networks. Due to its specialized nature, many centralized exchanges and custodians do not yet support these assets which limits custody options. OpenDelta addresses this challenge by employing an advanced, secure custody infrastructure designed for scalability and trust.

Multi-Signature Wallets with MPC Technology

• OpenDelta leverages Multi-Party Computation (MPC) wallets to secure assets.

• Cryptographic Shards: Private keys are split into cryptographic shards, distributed across devices and physical locations.

• This ensures that no single point of compromise exists for accessing the wallets.

Multichain Wallet Architecture

• The custody solution spans Ethereum Mainnet and Solana, enabling secure storage of memecoin assets on both blockchains.

• Together, these wallets hold the entire basket of assets that back the CULT token.

Tokenization of Assets

All the assets in the memecoin basket are tokenized into a single CULT token, simplifying complexity for investors while retaining robust multichain security and transparency.

OpenDelta wallets periodically cryptographically sign attestation messages, confirming ownership and availability of reserves.