MOR Token Launch in
Overview of Morpheus Fair Launch
Morpheus is designed to incentivize the first peer-to-peer network of personal general purpose AI, powered by the MOR token.
Capital providers can claim MOR Tokens on May 8th 12pm UTC here
- MOR Fair Launch started on Feb 8th 2024 at 12pm UTC
- Tokens start accruing from this time, but aren’t transferable for 90 days.
- The network itself is not yet live.
- Be careful of scammers
- There is no airdrop
- There is no token sale
- There is no NFT
To participate in fair launch, stake stETH here:
Morpheus Dashboard- Minimum staking deposit amount must be greater than 0.011 stETH
- You stake stETH in the Morpheus contract (use above dashboard link)
- You can withdraw that stETH any time after 7 days.
- While it’s in the contract, the normal stETH yield from your stETH is given to the Morpheus network. [this is what you lose]
- In return, you earn a pro-rata share of the MOR emissions on an ongoing basis. [this is what you gain]
- MOR is a native Arbitrum token for cheaper txs, and the initial liquidity pool will be Uniswap on Arbitrum.
Example
If you deposit 1 stETH and 9 other people each deposit 1 stETH each, you will get 10% of the MOR tokens for the duration that your stETH is staked.
Note
During the first 90 days, MOR is not transferable. This means stakers will accumulate a MOR balance, but cannot withdraw it until 90 days. At the 90 day point, a liquidity pool for MOR/stETH will be created (on Arbitrum), a market price will be established, and the token will be transferable like normal. This was done to prevent absurd market price on day 1 when supply is negligible.
Morpheus gets the stETH yield while you do this. Half of it is traded into MOR, and then both halves are held forever as protocol owned liquidity. This will be providing a small continual source of demand for MOR, and a growing liquidity pool over time.
Claim Day Related Questions
On this day, AMM liquidity will be deployed and MOR token will become available for claiming and trading.
It’s at 12:00 UTC on May 8th.
It’s Arbitrum mainnet.
Uniswap, wETH/MOR
You can buy MOR on the Uniswap exchange on the Arbitrum chain. The guidance will be shared before the launch.
Yes, you can buy the token using any liquid token available on the Uniswap exchange. In this case, your token will be exchanged for wETH and then for MOR.
It’s best to ask the exchange representatives directly as they make the listing decisions.
The circulating supply on May 8th is ~1,300,000 MOR, but only 624,000 MOR rewards for Capital and Code contributors will be available for claim, as Compute and Community parts are not live yet.
42,000,000 tokens that will be released over 16 years.
Approximately 880 wETH based on preliminary calculations.
For the initial liquidity deployment, a phased approach will be used. More details can be found in this document: https://github.com/MorpheusAIs/Docs/blob/main/!KEYDOCS%20README%20FIRST!/Phased%20AMM%20Deployment%20and%20Fair%20Price%20Discovery.md
Morpheus will use half of the yield generated by Capital Providers to buy back MOR from the open market, combine it with the remaining wETH, and add it to the liquidity.
It's liquidity that is owned and controlled by the protocol itself, rather than by individual liquidity providers. This helps ensure the protocol's long-term sustainability and independence.
Not exactly, as the Morpheus software has been live since 2023, the MOR token was fair launched on February 8th, 2024, and for 90 days accumulated liquidity generated by Capital Providers. These Contributor addresses are used to record who can claim MOR tokens on May 8th 2024.
MOR TOKEN RELATED QUESTIONS
MOR is the underlying token of the Morpheus network.
The main utility of the MOR token is access to the network compute resources for holders and rewards for ecosystem contributors. You will also be able to stake MOR towards frontends and smart agents you like, thereby directing community emissions to them and be rewarded in their native tokens. Additionally, MOR will be the main asset for AI projects launched in the Morpheus ecosystem, like ETH for Ethereum. Finally, all settlements between parties are also in MOR.
There was no presale, premine or any type of token allocations as it’s a fair launch.
It's a method of launching the Morpheus project with equal conditions for all participants, without premine and allocations for the team, founders, investors, etc. MOR tokens can only be earned or purchased.
CONTRIBUTORS RELATED QUESTIONS
You will need to visit the website https://dashboard.mor.org and click on the "Claim MOR" button, which will become active after 12:00 UTC on May 8th. A step-by-step guide will be published before the launch for your convenience.
Yes, since the claim transaction is generated on the Ethereum blockchain, and the MOR rewards will be received on the Arbitrum chain.
After confirming the claim transaction, you will receive your tokens within a few minutes.
No, you can continue staking and receiving rewards.
Yes, emissions of rewards for Capital Providers are an integral part of the protocol. The initial distribution curve will last for 16 years, with tail emissions after, for a total of at least 256 years.
You can leave your rewards unclaimed; nothing will happen to them as they will be stored in the contract until you decide to claim them.
No, you don’t lose them, but you will no longer earn rewards as you are no longer a Capital Provider.
You can see them at https://dashboard.mor.org/#/ when connecting a depositing wallet.
It is a dynamic value that depends on the ratio of your contribution to the total amount of deposited stETH. You can check it at https://morstats.info/staked_eth/
There are no limitations; you can claim any amount.
No, there are no limitations.
The MOR token is accrued with every Ethereum block, meaning you can claim every 12 seconds, but each time you make a “Claim” transaction will need to pay a fee.
It’s not converted into MOR; you can get back the full amount of stETH you deposited after 7 days of the initial lockup.
The community is always ready to provide support. Please describe your issue in the Discord support channel https://discord.com/channels/1151741790408429580/1183666837460897832