Morpheus Labs Blockchain Platform as a Service (BpaaS) was created to simplify and expedite your blockchain application development. Here is all you need to know.
Morpheus Labs; The Blockchain Company.
No technology in recent times has fascinated the media and public as blockchain technology has. In fact, it has been described as the catalyst for the fourth industrial revolution, with big corporations experimenting with it. Also, investors are investing millions of dollars in blockchain related companies every day.
Here is the problem, that sort of investment comes with a high risk of failure in commercialization and generally lack a controlled lab-like environment to explore the technology within a low risk setting.
Morpheus Labs is about to change all that by building an enterprise-grade blockchain platform as a service. This will include an additional blockchain app marketplace that will enable organizations design, deploy and operate distributed ledgers rapidly. Let’s slow down a little bit now and start from the beginning.
WHAT IS MORPHEUS LABS BLOCKCHAIN PLATFORM AS A SERVICE (BPAAS)?
Morpheus Labs Blockchain Platform as a Service (BpaaS) was created to simplify and expedite your blockchain application development. That’s not all, it also offers the opportunity to pick between available programming languages and blockchain runtime that fits into your requirement.
That advantage of this platform is that, you’ll be able to focus on value adding work (experimenting with the blockchain technologies and application creation) at a lower cost and shorter time. Aside from this advantage, other advantages of Morpheus Labs Blockchain Platform as a Service (BpaaS) include;
• Turn-key Solution
• Accessible
• Trusted
• Robust Secure and Scalable
• Cost Efficient
The platform architecture overview that was outlined in the published whitepaper describes the developers vision in details.
THE BUSINESS MODEL
Morpheus Labs Blockchain Platform as a Service (BpaaS) was founded as an enterprise-grade B2B platform as a service. This enables the rapid prototyping of ideas and validation of potential markets in a timely, yet cheap manner.
Freelancers can also develop their applications or provide services because of the B2C model supported by the platform. Another way of using this platform is for individual developers to use for learning of prototyping.
Not only does this platform offer a lab-like environment to experiment, it also offers hosting services, blockchain application development, and a market place where users can contribute and sell blockchain applications.
Subscription
The business model is based on a combination of one-time initial fees, recurring fees and fixed fees under three tiers. This was done to ensure the long-term stability and sustainability of the business model. Furthermore, it is cost effective.
Different level of support and service is offered across each tier. They are outlined below;
• Individual (free for limited functions, or payment applies for full functions)
• Starter
• Optimum
• Enterprise
Application Fees
The platform offers a marketplace of curated blockchain DaPPs, which enables DaPP owners and developers receive (monetary) value for their product. Morpheus Labs (like Apple’s App Store) collects a commission from this value.
Cross Selling
Like other companies, Morpheus Labs is interested in growing their revenue with existing customers and attracting new ones. Consequently, they have entered a partnership with global brands in the tech ecosystem to help attain this aim. They also make use of the cloud marketplace and star-up accelerators to increase their revenue growth.
MORPHEUS INFRASTRUCTURE TOKEN VERSION X (MITX)
In case you were wondering, this is the token to be used in all Morpheus Labs platform services. It is an ERC20 compliant token and is designed to be used within the Morpheus Labs Blockchain Platform as a Service (BPaaS) networks for all products sold and services rendered.
Here is all you need to know about the Platform subscription payment, Application usage fee and Distributorship licensing fee.
Payment Subscription Payment
There is a different payment for different tiers which have been outlined above.
Application Usage Fee
You can download to use wide range of applications in the app store with exclusive benefits. Also, download to customize, or engage the application owner to customize for you.
Distribution and Licensing Fees
A financial settlement is offered for various tiers of licensing. There is also resources support and sharing.
ADVANTAGES OF MITX TOKENS
The token was developed to be used primarily for platform subscription and other application-related usage. For example, users can use the tokens to pay for services within the platform network. In addition, users will have the flexibility of switching between different subscription tiers.
Finally, MITx will be traded on various cryptocurrency exchanges to offer token holders the option of either trading or liquidating their holdings. They’ll also be able to choose between converting to fiat or swapping to other cryptocurrencies.
What does this mean for investors? Investors will be able to take advantage of this trading opportunities and maximize the value appreciation of their tokens
MITX TOKEN SALE
Token Distribution
The total token supply will be 1 Billion MITx and 250 Million of it will be issued to the public in its Token Generation Event (TGE). This is to raise sufficient funding for the project. The remaining 750 Million MITx will be reserved for business expansion and released in the future based on the product roadmap.
The distribution of the remaining 750 Million MITx begins with the team receiving 100 Million tokens. Three hundred Million Mix will be shared between the ecosystem and the partnership. Strategy and research will receive 150 Million tokens while the rest goes into research.
Fund Distribution
The largest percentage of the fund, about 35 percent, will be used for platform development and operation. Another 30 percent goes to sales and marketing.
While 20 percent of the fund would be reserved for research and development, the rest of the funds would be used to settle legal and other matters such as events, conferences, software licensing, local services, and translation.
ON A FINAL NOTE
The value of the token is 8,000 MITx for 1 Ethereum and the public sale is expected to close once the cap of $25 Million is reached. MITx token will be listed in exchanges upon completion of the event and any unsold token will be put into market maker that is supposed to preserve the tokens’ price stability.
These unsold tokens will be used in facilitating all transactions that are initiated and processed within the Morpheus Infrastructure Platform.
Sources
Website: https://token.morpheuslabs.io/
Whitepaper: https://token.morpheuslabs.io/assets/documents/WhitePaper.pdf
Twitter: https://twitter.com/morpheus_labs_
Facebook: https://www.facebook.com/morpheusblockchain
Telegram: https://t.me/joinchat/Gy1btBJEjDsGi3zj23JkKw
Ann Thread: https://bitcointalk.org/index.php
Linkedin: https://www.linkedin.com/company/27162662/
Authored by: gbenga88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874687
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4