Morpheus Network is an automated blockchain platform on smart contract for managing the supply chains with a built-in cryptocurrency payment system. It is supposed to be used by international transportation companies, customs control and bank operations. The pre-ICO stage is planned for March 2018; the full-scale launch of the platform will be in the first quarter of 2019.
The management and the developers of the Morpheus Project are located mostly in Canada and Taiwan, and the company itself is registered in Taiwan. At that, the company employees are working worldwide, including the United States, Philippines, India, Belarus and Russia.
The infrastructure of the Morpheus Network Project includes the automated generation and digitization of the original transportation documents and transport contracts; templates for transport and customs documents that comply with international norms, integration or “hierarchical representation” of other blockchain technologies, automated payments etc.
The artificial intelligence in the supply chain will collect huge volumes of logistics data, which, according to the developers, will allow planning in advance and mapping routes for the ports on the basis of the international traffic, delays in the ports, weather conditions as well as many other factors and information sources.
The Morpheus Platform concentrates the efforts on import and export as well as international payments in local currencies with the participation of over 200 countries all over the world. On the platform, the sellers, manufacturers and exporters can be registered.
Among the partners of the project there are Willson International, WINJIT Technologies Inc. and SWIFT.
The MORPH Token
The Morpheus Platform works by means of the MORPH tokens. The Morpheus tokens can be received by converting of almost any fiat currency or over 74 various cryptocurrencies directly through the platform. The tokens give the users an access to the Morpheus Platform.
The token is issued on the Ethereum Platform. The emission of tokens is ultimate and limited by the volume of 100 000 000 tokens.
Pre-ICO and ICO
The stage of the tokens pre-sale started on March 2nd, 2018 and will last until March 17th, 2018. The price at this stage is $0.5 for 1.12 MORPH (12% bonus). It is supposed to sell 20 million tokens.
The main ICO stage will last for 30 days, the exact date is not known yet. At this stage, it is planned to sell 50 million tokens. Other 3 350 000 are reserved for the strategic partners, 650 thousand – for bounty programs, 3 million – for the consultants, 12 million – for the founders team.
See Also on BitcoinWiki
- “Morpheus Network’s profile on Crypto-Potential”, Switzerland, 12 February 2019. Retrieved on 7 May 2019.