MOR TOKEN CLAIM DAY RELATED QUESTIONS
What will happen on May 8th?
On this day, AMM liquidity will be deployed and MOR token will become available for claiming and trading.
Can May 8th be considered as Morpheus launch?
No, because Morpheus was launched on February 8th, 2024, and for 90 days accumulated liquidity generated by Capital Providers, which will be used to launch the token on May 8th.
At what time is the TGE?
It’s at 12:00 UTC on May 8th.
On which network will the MOR token be?
It’s Arbitrum mainnet.
On which decentralized exchange will the listing occur and in which trading pair?
Uniswap, wETH/MOR
How to buy MOR?
You can buy MOR on the Uniswap exchange on the Arbitrum chain. The guidance will be shared before the launch.
Can I buy MOR if I don’t have wETH, but ETH and USDC?
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.
What is the MOR circulating supply?
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.
What is the MOR initial listing price?
The exact price will be known before the launch, but you can perform some calculations using this website https://morstats.info/opening-price/
What is the MOR market capitalization and initial listing price?
This is a dynamic indicator that will be known after the token has a market price.
What is the MOR total supply?
42,000,000 tokens that will be released over 16 years.
How much liquidity in wETH will be added?
Approximately 880 wETH based on preliminary calculations.
How will initial liquidity be deployed?
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
How will token liquidity be maintained in the future?
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.
What is Protocol Owned Liquidity (PoL)?
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.
When will Morpheus be listed on centralized exchanges, like Binance?
It’s best to ask the exchange representatives directly as they make the listing decisions.
MOR TOKEN RELATED QUESTIONS:
What is MOR?
MOR is the underlying token of the Morpheus network.
What is the utility of MOR?
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.
Was there a presale, and what is the vesting schedule?
There was no presale, premine or any type of token allocations as it’s a fair launch.
What is 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:
How can I claim my rewards?
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.
Do I have to pay fees?
Yes, since the claim transaction is generated on the Ethereum blockchain, and the MOR rewards will be received on the Arbitrum chain.
How quickly will I receive my tokens?
After confirming the claim transaction, you will receive your tokens within a few minutes.
Do I need to withdraw my stETH deposit after May 8th?
No, you can continue staking and receiving rewards.
Can I make a deposit after May 8th?
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.
Do I need to claim MOR on May 8th, or can I leave it unclaimed for 2 months?
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.
Do I lose earned MOR rewards if I decide to withdraw stETH?
No, you don’t lose them, but you will no longer earn rewards as you are no longer a Capital Provider.
Where can I check my MOR earnings?
You can see them at https://dashboard.mor.org/#/ when connecting a depositing wallet.
How many MOR tokens can I get by depositing 1 stETH?
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/
Is there a minimum or maximum amount of MOR I can claim?
There are no limitations; you can claim any amount.
Are there any limitations for MOR claims, like token lock or vesting?
No, there are no limitations.
How often are rewards distributed?
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.
If I stake my stETH, do I get it back, or is it converted into MOR?
It’s not converted into MOR; you can get back the full amount of stETH you deposited after 7 days of the initial lockup.
Who should I contact if I encounter difficulties?
The community is always ready to provide support. Please describe your issue in the Discord support channel https://discord.com/channels/1151741790408429580/1183666837460897832