Morpheus Labs: A Blockchain Platform for People
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How they started:
Morpheus Labs launched the platform way back in 2019, where the blockchain has already been established and dominates the digital world. They aimed to be the leading BPaaS network, or known as the Blockchain-Platform-as-a-Service for investors and consumers. Over the course of the year, the company has reached several milestones such as getting listed on various trading mediums.
According to CEO Chuang Pei-han, they have gathered numerous high profile investors, partners and distributors who created a big impact on the development of their network. This is one of the many reasons why Morpheus Labs has been featured on Forbes, attended the Medini Blockchain Village held in Malaysia, and hosted numerous talks as an inspiration to starters in the crypto world. I wish I can attend one of their inspirational seminars discussing how to shape the future of blockchain.
Going back, aside from what Sir Pei-han mentioned above, they are also a technology partner of AWS, which led them to be recognized by the IMDA based in Singapore. They presented the Monaco Blockchain Conference and showcased their enterprise solutions to European investors.
They actually wrapped up their journey in an article and it was impressive!
What is Morpheus Labs?
Morpheus Labs comes from diverse backgrounds banded together, has created Morpheus Labs SEED (Solution Environment for Enterprise Development), a go-to platform offering mission-critical tools, infrastructure, various blockchain protocols, and blockchain use case references for enterprises and developers to build, experiment and manage their own applications effortlessly at minimal cost and time.
Furthermore, it describes itself as a Blockchain Platform as a Service (BPaaS) that aims to simplify and expedite DApp development, while giving users the flexibility to choose between programming languages and blockchain runtimes. The technological capabilities enable users to develop and spin up multiple blockchains within a 5-minute timeframe.
It is the only end-to-end blockchain platform and app marketplace with a variety of active blockchain partners whose vision and goal are to find solutions to problems hindering mass adoption. Morpheus Labs operates from Singapore.
However, despite the ongoing pandemic, and the fact that they are just a probe in the crypto world, they have continued to forge ahead with their goals in the first half of 2020 until the first two months of this year. They have successfully implemented a .NET based enterprise application using the integrated .Net capability in Morpheus Labs BPaaS; helped businesses to work remotely in blockchain development
To discuss more, they have recently launched the magnificent BPaaS V2.0 which is now known as Morpheus Labs SEED.
Their advocacy is to provide knowledge regarding the blockchain for those people who gained interest. It is a great move that they partnered with Hanwha — Dream Plus and Conflux to foster education discussions with students of any age.
What is the edge of Morpheus Labs from their competitors?
Honestly, there are plenty of competitors with the same advocacy as Morpheus Labs, but of course, all networks differ at least in one aspect from the others. Although there are roughly more than 20 existing projects similar to Morpheus Labs, they are extending an extra mile to keep up.
Despite the lacking information on their whitepaper, they instead provided a brief discussion on their token.
They have a significant token named Morpheus Infrastructure Token (MITx), designed to be used within the Morpheus BPaaS network for all services and products rendered, platform subscription, distributorship licensing and token swaps with other digital currencies or tokens. The technological capabilities enable users to develop and spin up multiple blockchains within a 5-minute timeframe.
MITx fills the void of proper infrastructure by building a revolutionary platform. It gives way to the instant market strategies. Thus, they don’t just focus on the technicalities but make the platform friendly and easy to understand. They empower enterprises and individuals to perform rapid prototyping and validation of business ideas at low cost.
Where is MITx available?
There are many exchanges that claim the title of “best” exchange. While this may all seem simple enough, however, in choosing the best crypto exchange to invest in, a customer has to pay attention to a myriad of considerations like fees, reputation, security, verification processes, and geographical restrictions an exchange platform has to offer.
To better understand most of the exchanges, as well as some of them that are working actively towards this goal, first, we need to understand some several factors that these crypto exchanges are currently working on:
- Security: Safety should always come first. A good exchange will place great emphasis on the security of their users’ accounts, personal information, and the system in general. The majority of the assets should be stored offline in a cold storage system. Also be on the lookout for additional security features such as Two-factor authentication, withdrawal confirmations, etc.
- Reputation: A well established, long-standing exchange is a much safer option.
- 24/7 Support: The support should be responsive, friendly, professional, and ideally reachable through several different channels. A call center is a big plus as it’s comforting to know you have the option to speak to someone in person.
- Payment methods: Take into consideration which payment methods are available — do they support credit card purchases, p2p fiat trades, and other methods of payment.
- Fees: Fees can vary substantially between different exchanges. The fee schedule has to be provided on the site.
- Interface: The site should be easy to navigate, even for crypto beginners.
- Geographical restrictions: Some exchanges are locally restricted and their service might not be available in your area.
- Uptime: Avoid exchanges with lots of downtime.
- Verification: Even though some users find verification and KYC procedures a hassle, you should look at it from another perspective. They are done with the best intention to protect the exchange from money laundering and all sorts of scams.
Taking everything into consideration, KuCoin is one of the many cryptocurrency exchanges who explored the concept of what the future of cryptocurrency trading looks like. It is also a reputable exchange that adds high-quality projects Avail here.
KuCoin has a highly trained research department that looks for top-quality projects throughout the crypto industry. The exchange has over 6 million registered users across 207 countries and regions around the world with 450+ trading pairs to date. KuCoin provides a highly secure and easy-to-use platform for users to engage in cryptocurrency trades and transactions efficiently and safely.
KuCoin also launched a series of other products in the past year designed to further help out crypto users, including futures markets, public chain, one-stop exchange solution, creating a platform for how your crypto can yield interest, as well as some upgrades to the main exchange to uphold its principle of security and transparency. KuCoin since its inception has insisted on taking the tech as its backbone to build a better trader relationship while constantly pushing for the sustainable development of the digital currency trading ecosystem as the ultimate goal.
The Best Crypto Exchange To Buy MITx 2021
There are several exchanges, in fact, catering to different requirements and varying in terms of safety and security, convenience, accessibility, and so on. But unlike most of them, KuCoin is unique in its approach. From their timely upgrades, reports, and recently introduced products & features like KuChain, Margin, KuCoin Futures, Soft Staking, and Pool-X is what I think helps them build a better ecosystem for traders. Significantly, the structure of Kucoin is utterly fascinating, which shows they are more interested in long term growth. I’d say with their competitive services and reputable brand, KuCoin is already one of the leading cryptocurrency exchanges today.