Morpher is a zero fee trading platform where you can trade stocks, crypto, commodities and forex 24/7. The project is backed by Tim Draper’s venture capital fund. Their native token MPH is already tradable on Uniswap and listed on Coinmarketcap & Coingecko. Find out more about MPH tokenomics from here. Simply sign up to their platform, connect a wallet and complete your KYC to fund your trading account with 100 MPH for free. You can also earn an additional 50 MPH for each referral.
In 2018 they set out to create a trading platform that would make global financial markets accessible to everyone. It was inspired by the evolution of cryptocurrency, how its natural fractionality and store of value enabled a whole new generation of traders.
Financial markets have always put up barriers: capital requirements, high fees, geographic limitations. So they decided to take away the barriers and let everyone finally invest the way they want to: 24/7, every asset class, shorting, fractional shares, and perfect liquidity.
Morpher Airdrop went from idea to business under the peppery California sun. The offices became the grassy courtyards spilled across the Stanford campus. Beyond scenic benches, Stanford attracts amazing guests. Tim Draper visited and shared his vision for blockchain technology completely changing the world. They couldn’t agree more, and he became the first investor in Morpher.
Morpher scaled operations and setup in beautiful Vienna. By summer 2019 they released the alpha version. Post alpha they built own plasma-like scaling solution and migrated the entire trade engine to Ethereum smart contracts. Finally close to launch, they started an airdrop in early 2020 to reward early users and distribute Morpher tokens as widely as possible.
Create a Fortmatic wallet or connect a wallet using Metamask.
Submit your email addresse and confirm it.
Complete KYC using your computer or mobile phone.
Claim your 100 MPH by clicking on “Redeem Tokens” from within the Morpher dashboard.
For Metamask users: Don’t be confused when Metamask asks you for contract interaction. You can set 1 GWEI as gas price, because it’s a contract interaction on the Morpher sidechain which is covered by the virtual ETH balance.
You can use your free 100 MPH to invest in your favourite asset like Amazon, Bitcoin, or Gold.
You can also invite your friends and earn an additional 50 MPH for each referral.
Make a deposit using PayPal until March 31st to get an extra 20% MPH bonus.
For more information about the airdrop, visit this official airdrop guide.
Find out how to sell or withdraw your MPH from here.
With an average annual revenue of USD 500 billion and an estimated USD 558 trillion in stocks, forex, and derivatives contracts, the trading and investing industry is the biggest industry in the world. Despite its size and importance, trading remains burdensome, costly, and unfair. The industry consists primarily of middlemen like banks, brokers, and index funds, who charge obscene fees for bad service.
Despite paying high commissions, retail traders do not have access to important markets like real estate or commodities, can only trade during regular exchange hours, and have a hard time shorting the markets. Many traders from developing countries do not have access the world’s financial markets at all. While institutional investors usually enjoy universal access, they often face limited liquidity resulting in high transaction costs from slippage and market impact.
Morpher replaces middlemen like brokers, exchanges, and the counterparty of a trade with an incorruptible protocol on the Ethereum blockchain. Morpher introduces an ERC20 Token (MPH) on the Ethereum blockchain that can be staked on the price development of a market, e.g. the Apple stock. If the market develops as predicted, the protocol mints new token proportionally and adds them to the user’s stake. If a prediction is incorrect, staked token are burned proportionally. The protocol replicates the economics of trading any market on the blockchain, without actually trading the underlying stock, commodity, or currency.
How It Works
Users interact with the protocol by staking MPH Token on the price development of a market. Every stake is recorded on the blockchain and called a Virtual Future. Staked MPH Token get burned when a Virtual Future is created. Upon closing a Virtual Future, MPH Token are minted proportionally to the current value of the Virtual Future, and the Virtual Future is deleted from the blockchain.
100 MPH staked to buy Apple stock
Apple’s stock price moves up 10%.
Close the stake and get 110 MPH
Virtual Futures replicate the economics of trading the Apple stock without trading the underlying. Unlike regular Futures, Virtual Futures do not expire and track the price development of the underlying until the Virtual Future is either closed by the user or gets liquidated. Virtual Futures are always denominated and settled in MPH Token. Just like with regular trading, a user benefits from rising market prices by buying (going long) with their Virtual Future. The reverse is true for falling prices, users that created sell (short) positions benefit.
Best Investment App for Active Traders
Amazing features for pros and ease of use for everyone. Experience trading with zero fees and infinite liquidity.
Buy Stocks on Weekends
Trade beyond pre-market and intraday. Act on breaking news over the weekend. Sell to save your gains, or buy a breakout stock before markets open.
Short Any Market
Profit in falling markets with short selling. Protect your portfolio the same way hedge funds do. With Morpher you pay zero interest fees on your shorts.
Invest with $1
Stop worrying about the price of Amazon stock or one ounce of gold. Invest the exact amount you want with fractional shares.³
Unlike Any Trading Brokerage
We rebuilt financial markets from the ground up on the Ethereum Blockchain. All in the pursuit of the perfect trading experience.
Perfectly Liquid Markets
Verifiable & Transparent Execution
Secured with Blockchain Technology
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.