The world economy runs on a system that requires assessment at every checkpoint from banks to other financial service providers, importers, exporters, custom brokers, shippers and courier service providers; because of this, for a transferable asset to be transferred there are usually exorbitant charges incurred and a plethora of paperwork and documents generated. All effort expended to set checks and balances within the system require ample labor and this in turn generates even more tolls. According to Morpheus’s research, 2 trillion USD was lost in the previous year to bank fees, conversion rates and delays in global trading. The lack of speed and efficiency of this current world economy has been a major downside to weighty transactions; considering the fact that a simple error in one of the documents can cause delayed payments, delayed deliveries, seized goods or even goods totally lost in transition.
If the world’s economy could be synced and held together like one seamless fabric, the temporary pieces of information that is gathered at each and every check point would be held in just one simple contract and would save everyone the stress of the documenting labor and in turn, the cost of carrying out the transaction will be immensely reduced.
An escape route is what the Morpheus network(website: https://morpheus.network/ ) proposes as their mission. With the Morpheus network being assisted by some of the big wigs of the world’s economy including over 1600 banks and an initiated connection between Morpheus and the Swift Hub, they are definitely up to the task.
Using the newest and fastest blockchain technology, The Morpheus Network has been able to set up:
- IMPORT AND EXPORT SYSTEM: The Morpheus Network has created a system where all the logistics for any cross border transactions will be fully automated and digitalized. All the documentation and contract will be automatically generated and will be according to the custom laws of every border the transaction passes over. An Artificial intelligence that works of historic data has also been incorporated into their system to help automate even the ordering and shipping of goods beforehand.
- ESCROW PAYMENT SYSTEM: Morpheus has included an Escrow payment system whereby payment can only be received on the completion of an already predetermined smart contract. With this in place, you’ll probably never have to worry about anyone absconding with your money.
- DIRECT SWIFT DEPOSITS: Upon integration with SWIFT, The Morpheus Network gained assess to over 1600 banks in over 200 countries. With this, any individual or company can perform any kind of complex financial operation effortlessly over these 200 countries with a transaction fee of only 1%.
- MORPHEUS SECURITY HYBRID: Morpheus network uses a permissioned blockchain system. This means there is still the blessing of decentralization but has been “hybrided” with the “single highly-trusted entity” model. This is just a nice blend between anonimity and transparency. Documents on the blockchain will only be assessed by authorized personals only.
- MORPH TOKEN UTILITY: The morph token is value based utility that is integrated with SWIFT for payments across the Morpheus network and internationally.
NOW, FOR THE ICO HUNTERS…
The token pre sale will start on the 23rd of February
ICO PRICE: 1 morph =0.05
ACCEPTED CURRENCIES: Ethereum
MINIMUM INVESTMENT: 0.1 ETH
SOFTCAP: 1800000
HARDCAP: 36000000
RESTRICTED AREAS: USA, CHINA, NORTH KOREA, SYRIA, IRAN, SUDAN, BANGALDESH, BOLIVIA, CANADA.
For more information on Morpheus Network, visit the following links:
Website: https://morpheus.network/
Whitepaper: https://morpheus.network/whitepaper/
ANN: https://bitcointalk.org/index.php?topic=2723338.0
Blog: https://medium.com/@themorpheus
Twitter: https://twitter.com/morphcrypto
THANKS FOR READING!
MY BITCOINTALK ADDRESS:https://bitcointalk.org/index.php?action=profile;u=2002393