Morpheus Labs aims to build a blockchain platform as a service that enables organizations to design and operate distributed ledgers.
Project website: https://token.morpheuslabs.io/
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What does the company/project do?
Morpheus Labs aims to build an enterprise-grade blockchain platform as a service (BPaaS) with an blockchain app marketplace that enables organizations to design and operate distributed ledgers.
The project will provide organizations easy access to a platform that enables them to develop, test and manage blockchain applications using different blockchain protocols supported to achieve rapid prototyping, cost efficiency and a fail-safe environment.
It will also support distributed hosting for blockchain network nodes and off-chain applications while providing a centralized platform service for developing, managing and regulating blockchain networks.
The team will assist in providing turn-key solutions to enterprises. Morpheus Labs will feature a dApp Library which shortens the time and reduces the costs to deploy an application.
What are the tokens used for and how can token holders make money?
MITx tokens are used within the Morpheus BPaaS network for all the fees, including services and products rendered, platform subscription, distributorship licensing, and token swaps with other digital currencies.
The more companies using the platform and the more activities the platform has, the more valuable MITx tokens should be.
– The team focuses on both the technical and business side of project development. They have a sound go-to-market strategy and have signed up legitimate clients already, demonstrating that the business is viable. The project is incubated by the Singaporean Government and their clients include university and government entity, which lends legitimacy to the project.
-One of the main features of the platform is the subscription model, which will provide recurring revenue to the platform and is much more stable than project-based revenue.
-The industry for enterprise blockchain solutions is large. Should Morpheus Labs become successful, the upside potential can be substantial.
– The field that Morpheus Labs is working in is large, and there are many companies competing with it to a various degree.
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