What is Morpheus Network About?
Introduction
There is a revolution going on in the cryptocurrency world, and from all indications, it is not likely to go away soon. While doubting Thomases are sitting on the fence awaiting the “Bitcoin bubble” that will mark the demise of cryptocurrency as we know it, others are reaping huge gains from it.
Every day now, we are greeted with the birth of new ICO, the creation of a unique cryptocurrency investment opportunity, and the wise are always on the makes to grab whatever the blockchain technology is throwing at them.
The Recent Drive
Currently, a vast number of industries are incorporating blockchain technology into their operations. By such integration, these industries have been able to improve on performance more than what they would have done previously. A body of professionals in the global transportation—export and import—industry has pulled their together to form the Morpheus Network. The main reason why this network was established is to simplify and quicken the global importation and exportation of goods through their token crowd sale.
What Is Morpheus Network All About?
As stated earlier, the Morpheus Network was created in close consultation with some of the most exceptional shipping, customs, and banking companies. Morpheus Network aims to provide a fully functional supply chain platform making that utilizes cryptocurrency payment protocols while employing the blockchain technology.
From a glance, this is what Morpheus Network seeks to do:
• Automatic generation and digitization of documents and the original digital shipping contracts
• Properly documented custom and shipping details that complies fully with international regulations
• Integration of similar blockchain technologies that need to be incorporated as the major theme in all given smart contract
• High-tech encryption and layered security levels techniques boasting flexible permission settings
Also, like other payments processing systems using cryptocurrency target the electronic retail business, the Morpheus Network mainly target the export and import transportation field and global payments servicing in local currencies covering more than 200 countries of the world.
When it comes to international money transfer, buyer’s security and assurance is very critical. Thus, Morpheus Network will sue a rating system that will provide for prospective users the assurance that the company they are dealing with is a reliable one.
The Morpheus Network Supply Chain Blockchain: Who Can Use It?
Almost anyone is qualified to use the Morpheus Network. The first thing is the creation of a wallet after you have completed the registration process. Everything about the platform is simple to maneuver. As a buyer, you can buy whatever you want. Purchases can be from small transactions to massive or more intricate smart contract buying. This will, of course, involves global money transfer, including documentation of goods to be transported and conversion of money.
Manufacturers, buyers, sellers, and exporters are free to sign up on the Morpheus Network to achieve broader international exposure. Together with the remaining benefits associated with using the Morpheus Network, in comparison to the traditional banking system.
How the Morpheus Network Simplifies Global Business Transportation
Morpheus network digitalized all documents relating o shipping such as packing list, commercial invoices, bill of lading, insurance documents, etc., through its power of blockchain technology. Everything links directly and correctly to the original contract and payment.
Sending documents is now secure. Courier services are no longer required, and this will help significantly in doing away with issues of late or lost materials, which is a major disruptive phenomenon in the export and import industry.
A streamlined and simplified dashboard interface defines the Morpheus Network. Using and interacting with the network as well as adding a smart contract is as simple as a walk in the park. The supply of the system is created to be comfortable and quick to navigate.
Another thing about the network is that it is straightforward to view what is going on regarding documentation and the flow of funds. You can also use any of the network features like Escrow payment services and recordings of data.
What Role Does Morpheus Token Plays?
The thing the powers and drives the Morpheus Network is Morpheus Token (MORPH). MORPH has value-based utility and is credible for global payment use, integrated with SWIFT and Microsoft Dynamics 365 ERP system.
The MORPH tokens allow users of the network to freely access. The value of the tokens provides cross-border functionality, which is vital for any smart contract bothering on the international supply chain. The tokens value centers on the actual value of the currency needed to undertake a full payment as a smart contract objective.
By being integrated with SWIFT, the Morpheus Network can send money straight into bank accounts ranging over 1600 banks worldwide. And this is done in the currency stipulated, which could be fiat or crypto, through the smart contract.
FAQs about Morpheus Network MORPH ICO
Q. When will the sale of the Morpheus Network token begin?
A. Pre-sale of tokens has commenced since February 2018, while the main sale started on March 22, 2018. Sales of the token are expected to end on the 22 of April.
Q. What is the actual price of a MORPH token?
A. The price is measured in USD and is $0.5 per token.
Q. Will the Morpheus Network operate in POS or POW?
A. Currently, the network will be operating in POW and would later change to BFT.
Q. Who can, and who cannot use the Morpheus Network?
A. Everyone is eligible to use the network. However, citizens of Bangladesh, Syria, North Korea, Sudan, Iran, Kyrgyzstan, Canada, United States, Bolivia and China cannot use the network.
Conclusion
Since the world has become a global village through the increasing use of technology, the export and import industry cannot be an exception. Morpheus Network provides a reliable and simple means for people, businesses, and institutions to have sufficient cross-border trade.
Learn more about Morpheus Network
Website:https://morpheus.network/
Telegram:https://t.me/themorpheusnetwork/
Twitter:https://twitter.com/morphcrypto
Facebook:https://www.facebook.com/themorpheusnetwork/
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