Dec 1, 2022 at 05:06Since November 30, the price of Morpheus.Network (MNW) tokens rose 5% to $1.40 on the eve of the launch of the node operator rewards system. And still growing. We decided to look deeper into what is Morpheus.Network, how promising it is, and how you can make money on it.
What is Morpheus.Network?
It is a crypto project launched in 2016. The essence of the Morpheus.Network project aims to optimize supply chains, cheapen and speed up the delivery of products to the end customer. This issue has been particularly acute with the onset of the coronavirus pandemic.
Morpheus.Network is designed to simplify logistics using blockchain technology.
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This is achieved through a SaaS (software as a service) middleware platform that seamlessly integrates legacy and new technologies, giving supply chain managers a digital footprint, and providing shipment and product visibility to automate safe and reliable supply chains, saving time and money.
Protocol offers:
- A fully customizable platform where customers control their transactions and operations from a personalized dashboard that allows them to control settings and customize alerts.
- Blockchain independence (a single platform that allows multiple different chains).
- Cloud independence (the application is compatible with any cloud infrastructure and can be moved to or from another cloud environment).
- Independence from the Internet of Things.
How does Morpheus.Network work?
The platform exists in the cloud and works partially with both blockchain and the Internet of Things (IoT). The Internet of Things means physical objects equipped with sensors or other trackers connected over the internet to perform analytics or meet other business needs. The Morpheus ecosystem allows companies to automate most supply chain processes.
Morpheus.Network helps ecology. It is estimated that an average supply chain operation requires about 20 documents of up to 240 copies per transaction. Many of them are several pages long. The paperwork can end up taking 2 to 3 weeks to complete.
In addition, the use of paper only adds to the cost of global trade. There is also no way to track the cycle of goods in transit.
Blockchain usage and specially designed software allows documents to be tracked in an unchanging and verifiable way. These digital documents (dDOCs), represent a fundamental revolution in the global commerce industry. They allow data to be processed in minutes.
Morpheus.Network clients use the network to protect and monitor all relevant metrics and touchpoints, customizing their workflow with smart contracts to provide oversight of the entire supply chain. Easily integrate all relevant services and partners, as well as their unique tracking systems, which can be implemented as separate modules within the system to map the entire path of the finished product and all its elements.
The platform’s native token MNW provides access and transaction validation. Every part of the process is managed by smart contracts in a tamper-proof chain of accountability, ensuring complete oversight and tracking by the supply chain owner and providing transparency.
The system is a mixture of traditional centralized components, a resolved semi-decentralized DLT (Distributed Ledger Technology), and a public Ethereum blockchain network.
The first phase of alpha testing of the Trust Layer Masternode Program ended in October. And on December 1, the next phase began, which includes KYC (Or Know Your Customer. KYC or KYC verification is a required process for identifying and verifying a customer’s identity.) testing of potential Beta Masternode Operators.
The Masternode program aims to create a decentralized system for supply chain trust. 1,000 people already wanted to participate in the program.
Beta node operators have been given the go-ahead to place MNW tokens starting December 1. And the Masternodes program itself launches on December 20.
It was from November 30 to December 1 that the price of MNW tokens began to rise.
What is the Morpheus.Network (MNW) token and why does anyone need it?
There are 47,180,014 coins in circulation and the maximum supply is 47,897,218 MNW. The project is currently capitalized at about $65 million.
The MNW token (formerly MRPH) is needed for all transactions and payments in the Morpheus.Network ecosystem.
MNW token is also a software license.
You can buy Morpheus.Network tokens on many popular centralized exchanges, such as KuCoin and Gate.io.
How can I make money on this?
Beta node operators will receive a fee for the first node 6 months after token placement begins (starting December 20) and any subsequent node fees. This will occur quarterly thereafter.
On December 1, node operators will receive a login that they can connect to their personal wallet and start token-stacking. Operators will have 21 days to set the starting rate before the program start date.
Participation in the Beta Program will allow users who comply with the Morpheus.Network Master Node Beta Operator Agreement to receive 18% of the total MNW delivered per Master Node per year, paid monthly at a rate of 1.5% per month. Node Operators must meet all Minimum Node Requirements for at least 6 months, after which they will receive their first node fees.
Morpheus.Network allocated 1.2 million MNW to secure the network and reward operators.
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The size of each node is 1,800 tokens. Each participant can make a maximum bid of up to 360,000 MNW per person (with a maximum total of 200 nodes).
Minimum requirements:
- At least 1,800 MNW staked to each Masternode;
- Minimum one (1) hard drive and one (1) processor core dedicated to each Masternode;
- Minimum of 500 MB of available hard drive space per Masternode;
- The Masternode on an internet connection with at least 10 Mbps bandwidth upstream and 25 Mbps bandwidth downstream;
- Keep the Masternode online and operational no less than 99% of the time per month;
- Meet all performance requirements referred to in the Morpheus.Network Beta Masternode Operator Agreement, as well as any performance requirements set forth in the relevant documentation or in other instructions made available with the Node Software or otherwise; and
- Be connected to the internet to enable Morpheus and its customers to access the Masternode Services with a minimum of 99% availability as measured per month.
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