Morphose Reward Token (xMORPH)

Reward Users of the Protocol Profoundly to Create Constant Traffic

Review Score
ICO Price
0.1 USD
Pre ICO Price
Soft Cap
Hard Cap
Pre ICO Start Date
1 July 2021
Pre ICO End Date
10 July 2021
Start Date
End Date

What is Morphose Reward Token?


Morphose protocol is basically a cryptocurrency mixer. As in all cryptocurrency mixers; the traffic, as well as the amount lying on smart contracts, are important to keep the anonymity of the protocol.

Privacy use of the protocol tends to be seasonal. In off-seasons and down-markets, the protocol still needs a minimal amount of traffic to support everyday users. This traffic can be created by ‘farmers’ using the protocol just like the privacy users, but with the goal of earning profit. This is why the project introduces a blockchain-specific reward token — xMORPH.

The use of xMORPH is to reward users who use the protocol profoundly to create constant traffic on the protocol. However, similar to combined-staking in yield farming protocols, to keep the token value stable; Morphose will only reward xMORPH to depositors who already hold xMORPH (and MORPH) in their wallet.

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