Token is officially launched, details on Morpheus, a new star in the AI track

Original title: "With over 100,000 ETH pledged, can Morpheus become a leader in the AI track?"

Original author: Asher, Odaily Planet Daily

Early this morning, Morpheus, an AI concept project with over 100,000 ETH pledged, announced the opening of MOR token applications and transactions. In addition, LayerZero Labs published an article on the X platform mentioning Morpheus, saying that its ecological native token MOR has now become a token that meets OFT standards on Ethereum, Arbitrum and other L2s. So far, over 200,000 MOR tokens have been claimed, and the transaction volume has exceeded $10 million. So, can an AI concept project with over $320 million TVL and that is currently attracting much attention become a leader in the new round of market conditions? Next, Odaily Planet Daily will take you to learn about Morpheus and its token economy.

Morpheus Comprehensive Analysis

Project Introduction

Image Source: Official Push

Morpheus is an AI concept project that aims to incentivize the development of a personal general AI network. Its goal is to provide services to ordinary users who want to simplify Web 3 interactions through AI agents, and to provide developers with a platform to build and optimize smart agents. At the same time, it also provides an incentive mechanism for capital and computing resource providers. In addition, Morpheus uses Wormhole's NTT framework to make the MOR token native multi-chain. In general, there are the following innovations:

· Smart Agent Concept: Morpheus provides a personal general AI that acts as a smart agent that can connect users' wallets, Dapps, and smart contracts.

· SmartContractRank algorithm: This algorithm scores and recommends the best smart contracts for users, increasing the transparency and efficiency of interactions;

· Combination of decentralized cloud storage and local storage: By combining decentralized cloud storage and local storage, users' data and long-term memory of application connections can be preserved, providing richer context for smart agent actions.

Token Economic Model

According to the document information, the total supply of Morpheus ecosystem native token MOR is 42,000,000, and the specific distribution ratio is as follows:

· Coder reward: 10,080,000 MOR, accounting for 24% of the total supply;

· Capital provider reward: 10,080,000 MOR, accounting for 24% of the total supply;

· Compute provider reward: 10,080,000 MOR, accounting for 24% of the total supply;

· Community reward: 10,080,000 MOR, accounting for 24% of the total supply;

· Protection funds reserved: 1,680,000 MOR, 4% of total supply.

MOR Token Economics

Regarding the release of MOR tokens, block rewards start at 14,400 MOR tokens per day, and then decrease by 2.468994701 MOR tokens per day until the reward reaches 0 on day 5833 (about 16 years). After that, the team believes that fees will become the main incentive as long as Morpheus is widely used. Pay users for data, pay computing providers, pay capital providers, and pay coders.

MOR Token Release Table

Pledge stETH and receive MOR details

Morpheus started its MOR token fair sale on February 8 this year. Users can get MOR token rewards by staking stETH. Since MOR tokens are not transferable within the first 90 days, MOR was officially traded in the secondary market last night.

For users who did not participate in the early stage, they can still get MOR token rewards by staking stETH. The minimum deposit amount for each transaction is 0.011 stETH. Users can apply to withdraw the staked stETH at any time, but it takes 7 days to unlock.

Regarding the income of MOR tokens, let's take a simple example. If user A deposits 1 stETH, and at the same time there are only 9 people in the entire network who deposit 1 stETH each. Then, user A will receive a 10% token reward during the deposit period. To claim the token reward, you need to enter the dashboard and click "Claim MOR".

From the data on the dashboard above, it can be seen that at the moment when MOR tokens are open for claiming, there are still 107,000 stETH staked, and the current daily reward of MOR tokens is about 3,400, which is worth about 282,000 US dollars at the current price.

MOR Token Dashboard

MOR Secondary Data

Currently, MOR token claims are online and can be traded in the secondary market. The MOR contract code is: 0x092bAaDB7DEf4C3981454dD9c0A0D7FF07bCFc86; the trading pair MOR/ETH that provides liquidity is: 0xE5Cf22EE4988d54141B77050967E1052Bd9c7F7A.

DEXscreener data shows that excluding the initial opening liquidity and other issues, the price of MOR tokens has exceeded $170 and the lowest has fallen below $60 after opening trading on the Arbitrum chain. The current price is $81, a one-hour drop of 3.7%, and the total market value exceeds $19 million.

Image source: DEXscreener

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