Morpheus Labs Raises Over $30 million USD in Private Sale
Innovative blockchain solutions platform, Morpheus Labs, has successfully completed its private sale, raising 6,500 ETH from contributors and over $30 million in written commitments from international participants. The event, which was based on limited invitation, concluded the soft launch of the forward-thinking company’s innovation for the blockchain industry. Following the event, Morpheus Labs is now set for its public Token Generation Event on the 9th of March.
Morpheus Labs TGE has been structured into three stages, rewarding early participation with attractive bonuses. The first stage, which is currently live, offers contributors 35% Bonus on their contribution until March 9th. The second stage kicks off on March 9th and runs through to March 23rd, offering a 20% bonus on every contribution. The third and final stage does not include a bonus, starting off on March 23rd and ending on April 15th.
Morpheus has set its token sale hard cap at $25 million. 1 billion MITx tokens will be minted for the event out of which, 250 million will be on offer during the token sale. Contributions can be made using Ethereum, at a rate of 1 ETH for 8,000 MITx tokens
Blockchain Platform As a Service
Morpheus Labs solution aims to simplify and expedite blockchain services on an enterprise-wide scale. The platform is set to usher in an unparalleled flexibility between programming languages and Blockchain runtime. The service platform, with an additional blockchain app marketplace that enables organizations of any size to rapidly design, deploy and operate distributed ledgers.
Morpheus Labs BPaaS works both as a B2B platform for businesses to rapidly prototype their ideas and projects, and a B2C model for freelancers or individual developers. The platform will support distributed hosting for blockchain network nodes and off-chain applications while providing a centralised platform service for developing, managing and regulating blockchain networks.
The developers of Morpheus Labs described their enterprise as a service that aids in the cultivation of ideas and tools by soliciting partnerships between experts and crowd contributions. The company’s platform seeks to propel the speed and quality of innovation and communications for users, a concept sure to attract many to their public TGE.
Partnership with Momentum Works
Morpheus Labs and Momentum Works formally signed an MOU on February 26th to champion a collaborative, venture building effort on ICO projects across Asia.
Momentum Works is a Singapore-based industry leader with venture building projects spanning Southeast Asia, India, the Middle East & South America. The company also serves as a consultant for stakeholders seeking to adapt tech business models into key markets.
Momentum Works collaboration with Morpheus Labs will synergize their technical expertise and resources, creating access to well-established companies and fresh talents to work with.