Morpheus.Network ICO Review: Blockchained Global Supply Chain With SWIFT Payments

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Fernando Sanchez
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Morpheus.network Ico Review: Blockchained Global Supply Chain With Swift Payments
Morpheus.network Ico Review: Blockchained Global Supply Chain With Swift Payments

Millions of tons of cargo are in transit around the world every minute of every day. Large machinery, cars, trucks, and goods of all kinds move across shipping lanes from one end of the planet to another. All this cargo requires manifests, paperwork, supervision, care, and of course a combination of sea & land-based transportation methods to reach its destination.

The transport and logistics-related industries are valued at about $15 trillion, so one needs to consider that the world’s economy relies on a solid and constant supply chain to move goods around.

The international cargo shipping environment is nevertheless fraught with issues that, in many cases, derive from its sheer scale. The market is fragmented and riddled with national rules and regulations, which may hamper the movement of goods between different territories. This fragmentation creates inefficiencies.

The Morpheus.Network intends to create a global platform with its own cryptocurrency to optimize the supply chain, using blockchain as its core technology.

Morpheus.Network: the supply chain platform of the future, delivered through the blockchain

Morpheus.Network is a new ICO that is designing a state-of-the-art supply chain platform, using blockchain technology.

According to its website, the service is a “global, automated, supply chain platform with an integrated cryptocurrency payment system driving the supply chain with predetermined, automated work contracts, shipping & customs documents as well as fast international payments to over 1600 banks globally.”

The website states that the Morpheus.Network was designed in consultation with some of the world’s leading shipping and banking firms, with the intention of creating a modern and relevant product.

Integration with SWIFT

The Morpheus.Network is fully integrated with the SWIFT global payment system, which gives it a significant advantage over other ICOs creating supply chain environments.

According to the whitepaper, this integration “enables the platform to send payments directly into the bank account of over 1,600 banks across over 200 countries in the specific currency required (fiat or cryptocurrency) by the Smart Contract.”

Morpheus.Network in figures & quick facts

https://youtu.be/Etm_svq8ifA

  • Token name – MORPH
  • Total amount of tokens available for sale – 52m
  • Token price – $0.5
  • Pre-ICO start date – February 23rd 2018
  • ICO start date – March 22nd 2018
  • ICO end date – April 22nd 2018
  • Soft cap – $1.8m
  • Hard cap – $36m

Notes:

  • Any unsold tokens will be burned.
  • No additional Morpheus.Network tokens will ever be created or distributed after the end of the Token Sale.

Bonus program

Morpheus.Network offers Bonus Program for early investors:

  • March 30th to April 12th – 10% Bonus
  • April 12th to April 16th – 8% Bonus
  • April 16t to April 20th – 6% Bonus
  • April 20th to end of ICO 4% Bonus

Refer a Friend Program

Morpheus.Network introduces a Refer a Friend feature.

The MORPH token

The company will issue its own currency, the Morpheus.Network token (MORPH), which is based on the Ethereum ERC-20 Standard and defined as a ‘value’-based utility.

Once created, the tokens will be allocated as follows:

  • Token pre-sale – 20m tokens
  • Token sale – 52m tokens
  • Founders – 12m tokens
  • Bounty – 650k tokens
  • Bonus – 9m
  • Partners – 3,3m

The team

Learn more about the Morpheus.Network team here.

Social media presence and digital footprint

A strong presence on Social Media is usually a good indicator of a company’s popularity, though it is not the only factor that determines success.

Here’s the numbers for Morpheus.Network at the time of writing (mid-April 2018).

  • Twitter – 3,950 followers
  • Facebook – 8.3k followers
  • Medium – 292 followers
  • LinkedIn – 35 followers
  • Telegram – 10.2k

Competition

Logistics and supply chain is a popular industry of choice for ICOs, it seems. There are plenty ICOs out there whose goal is to become the standard. OriginTrail, Quasa, and CargoCoin, which we recently reviewed, for example. Then there’s also CargoX, AIDA, Local World Forwarders, to name just a few, but there are plenty more.

In other words, Morpheus.Network enters a very crowded ecosystem indeed, though this ICO does enjoy a great advantage due to its integration with the SWIFT payment system.

Additional information

Morpheus.Network’s website is absolutely delightful to navigate. It’s elegant, well-put-together, and features a fantastic promo video. Special mention goes to the Team section, which features nice charcoal versions of the team’s portraits.

Also, see Morpheus.Network on ICOBench.

Consult the Morpheus.Network Whitepaper for more information.

Conclusion

The supply chain industry is complex, hectic, and very profitable. There is a lot of money to be made, and there are plenty of ICOs out there looking to establish market dominance.

Morpheus.network offers a solid platform with a lot of expertise behind it, with the added bonus of integrated payments through SWIFT, which may be the deciding factors to sway investors.

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