What is Morpheus Labs (MITX)?

Morpheus Labs is a Blockchain-Platform-as-a-Service that onboards blockchain-based solutions through a partner-driven model. They aim to build and onboard a variety of nodes to create a comprehensive ecosystem that enables organizations and developers to rapidly design, deploy, and operate distributed ledgers at a fraction of the current cost and time.

Morpheus Labs SEED

Morpheus Labs SEED is designed especially for developers and enterprises to save time and money when they develop, test, and run blockchain business applications. It simplifies and expedites blockchain application development and gives developers the flexibility to choose from more than eight programming languages made available and blockchain runtimes that better suit their needs. Developers also get unparalleled benefits from an integrated collaborative development environment (CDE), workspace management, version control repository, and many preconfigured tasks.

Morpheus Labs SEED automates the creation of IDE workspaces with production runtimes including source codes, databases, and tools needed to develop, test, deploy, and manage your applications—while taking advantage of the efficiencies of cloud computing.

Developing applications on Morpheus Labs BPaaS allows for room for growth. Business owners can start small, collaborate with their team, and easily scale their application as their customer demand grows. Since Morpheus Labs SEED is built on top of Amazon Web Services, it offers the reliability that’s needed for high-availability applications.

Morpheus Labs builds a robust ecosystem of services and applications to help global businesses, of all shapes and sizes, embrace the blockchain, and at the heart of the solution is the native MITx token, the fuel that powers the Morpheus Labs ecosystem. 

The team at Morpheus Labs wants to ensure that the platform participants are strongly incentivized to use and hold MITx. Hence, the utility token must have multiple forms of utility within all platform services. They intend to align the value of MITx with the success of Morpheus Labs and have decided to go against making MITx a simple payment currency for Morpheus Labs services.

It was concluded that having all customers own MITx at the onset would add a significant user acquisition cost, and this isn’t directly referring to the fiat amount. required to purchase MITx, but to the fact that the business environment is not mature enough for business consumers to buy, transfer, store, or account for digital assets on their balance sheets. So, they have built-in incentives to ensure that our customers use and hold MITx across all services provided by the Morpheus Labs ecosystem.

 

Who are the founders of Morpheus Labs (MITX)?

The founders of Morpheus Labs are Chuang Pei-Han, Branson Lee, and Bruce Lu Yang. 

Chuang Pei-Ham is the founder and CEO of Morpheus Labs. He graduated in the year 2003 from the University of Melbourne in Information Systems (IS) and worked in banking & investment till 2010. His primary experience is in business development with SMEs and enterprises, as well as fundraising. He is always interested in problem-solving and identifying opportunities to build a successful business. 

He ran a company that has experience in software development, and in 2015, started to get some SME inquiries about blockchain technologies. Chuang’s first blockchain startup was selected as part of the SGinnovate program and she took up a professional course through the MIT Fintech initiative.

Branson Lee co-founded Morpheus Labs with Chaung Pei-Han. started his career in tech as a Unix programmer at Sun Microsystems (back in 2003).  He was always spending time with data companies like Bureau van Dijk (acquired by Moody’s), Gartner Consulting, and LinkedIn, and after his stint with LinkedIn, he decided to join a fintech payment startup.

Bruce Lu Yang is the CTO and Co-Founder of Morpheus Labs. He is into enterprise digital transformation, technology innovation, blockchain, and FinTech.

 

What is Morpheus Labs (MITX) used for?

Customization

ML SEED tools allow users to easily customize solution templates after downloading them from the ML Application library. From setting nodes, browsing suitable solution templates, and team collaboration on customizing templates, our tools have done the heavy-lifting to simplify the development process for users.

Carbon Trading Platform

Morpheus Labs’ agreement l with Proximax has allowed for the successful implementation of carbon trading into the platform and thus will be extended to enterprise customers.

Build on the Metaverse

Morpheus Labs offers metaverse solutions for Metaverse developers and provides tools, building blocks, and solution templates to rapidly create and deploy smart contracts, crypto assets (utility tokens and NFT tokens), web3 integration, and distributed storage required in a Metaverse platform. 

Build a gaming environment

Morpheus Labs also provides extended support in digital experiences (Gaming, Animation, AR), DeFi, scalable blockchain options, and multi-cloud to enable users to play their way into the metaverse.

 

How is Morpheus Labs MITX unique?

There are many good blockchain protocols out there, but Morpheus Labs is unique and different. Morpheus Labs tackles the 

By developing Morpheus Labs SEED (Solution Environment for Enterprise Development), the main challenges of blockchain adoption are addressed.  The SEED provides an end-to-end development environment that allows business application developers to design, develop, test, deploy, and run on one platform.

Also, the Morpheus Labs platform supports 10 programming languages such as Python, Node.js, Java, PHP, C++, and many more. They also support multiple blockchain networks like Ethereum, Hyperledger, Multichain, NEO, Vechain, Waves, ICON, Fusion, and NEM. 

 

How many Morpheus Labs (MITX) coins are in circulation?

Morpheus Labs has a circulating supply of 494,999,999 MITX coins.

 

How is the Morpheus Labs network secured?

Since the Morpheus Labs platform is a solution center that comprehensively covers the development, testing, deployment, running, and scaling of applications across physical, virtual, and distributed ledger technologies environments, it utilizes the security mechanism provided by Amazon web services.

 

How do I buy Morpheus Labs (MITX)?

The ethos of Morpheus Labs is to simplify the blockchain for businesses across multiple industries and geographies by providing a frictionless, user-centric platform for rapid dApp development. The MITX token can be used for a wide range of uses, like staking and gaming.

MITX tokens can be easily purchased by the following steps. 

* Open an account with the crypto trading platform.

* Transfer the specific amount of your fiat currency to your account.

* Wait for your deposit to be confirmed and buy MITX through your trading account.

 

Which Cryptocurrency Wallet Supports Morpheus Labs (MITX)? 

The PTPWallet platform supports many cryptocurrencies simultaneously, such as Morpheus Labs (MITX). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their MITX wallet because it offers a simple interactive interface, making it easy for people to navigate its system.

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