I talked in the article before this on about StormGain a platform for trading on your phone made very simple. Well I'm not going to drop that theme just yet, I need to talk about Morpher first. Morpher is ERC-20 standard token and by that making it's home on the ETH blockchain. You will not find Morpher (MPH) as a part of a liquidity pool nor a staking pool. You will not find Morpher to have a magical reflect ability as SafeMoon and revolve around the moon 47 times, no, no no. I'ts not a Meme coin either. MPH as the Morpher token is shortened is the foundation in a leverage trading platform for both stocks, Forex and cryptocurrencies.
What Platform Are We Talking About?
Well, we're talking about Morpher platform, Morpher (MPH) isn't just a cryptocurrency it's a platform for leverage trading stocks and cryptos and even some Forex trading. The platform utilize MPH as the main and only asset to start your leverage trade from. In nearly every other exchange you have many more assets to start your trades with back and forth, why Morpher isn't built that way I explain later down the article. The whole ecosystem of the platform is circulating around MPH, so whats so special about it? As you know by now the Morpher platform is built on the ETH blockchain, you could say a dApp. What do we now about this blockchain by now and a time ahead, it's slow like my intestines making me shit every forth day instead of at least once a day, It's expensive, the gas fee for one larger transaction would be enough to feed an entire village.
With What We Now, The Question Remains Why Would You Create a Platform Like This NOW On The Worlds Most Expensive Blockchain.
Why release a trading platform now, when the gas fee's exploding every pipeline? Read that sentence again please. Answer: To release the gas making the pipelines not explode, is the most likely answer. Morpher has developed such a thing, well this was a overstatement but they have at least done it for their own trading platform. Sure, Morpher is built on cranky pipelines, but they looked beyond the cranky pipelines and by doing so no more cranky pipelines, just new fresh pipelines whiteout "gas".
I hope you understood the metaphor for those who didn't, they created a side-chain to Ethereums blockchain. This new invented side-chain has it's own rules making the side-chain gas-less or you could say that you get fictive ETH tokens and a lot of it!. This ETH you now having on your side-chain account, has no value. I promise I've tried to send it outside the side-chain, unfortunately impossible. But this fictive ETH has another purpose, making every transaction inside Morphers platform gas less you you. So now we know that Morpher is a leverage trading platform for stocks and cryptocurrencies with no fee's (gas), that's the nisch of Morpher.
This could potentially save a lot of assets for a day trader and also a way to work around the the high fee's in the ordinary stock market. When it comes to Forex trading I'm not so experienced and I can not comment on the advantages or disadvantages of using Morpher platform for Forex trading. By that I will not further touch Forex trading on Morpher in this article.
How to deposit Morpher to the platform
There is three options for deposit funds on the platform. You're able to top-up your funds with either credit card, Paypal or simply by buying Morpher at an exchange and send it to your Morpher address on the platform. I would choose to pay with Paypal or credit card to get the most value of my deposit, this because every transaction made to either deposit MPH on the platform or withdraw it to another wallet or exchange will require gas. This simply because the transaction takes place on the original ETH blockchain no longer the "gas free side-chain"
You can at the moment deposit funds on the site and get 10% extra on top, but to get that privilege you have do pause withdrawals for 185 days. We all know why they do this. The more people that hold or trade their token (MPH) on the platform and not just sending it to an exchange selling it, makes the value and everyone wants their own project to hold and get value. Success it the key!
My Own Experience With Morpher Platform
I did get a few hundreds of MPH from a airdrop and thought probably like everyone else that I had to check out this platform. I started with adding the side-chain to my METAMASK account after I logged in to the platform, I did barley survive that moment when I saw all that ETH on my Metamask account I had nearly 3.000 ETH, yaah!! I'm rich!. No, but it could have been that way but it just wasn't. But I did learn a lot about Morphers ecosystem in that astounding moment nearly having a heart attack. That's something, right?
Because I didn't really had enough MPH do a real profit, not even if I had set maximum leverage on a stock or crypto that had skyrocketed that day. But it was just fun looking around on the platform and learn more about the project. I do think the platform could be a good option for someone trading both stocks and crypto at the same time and by using the platform saving fee's on two different directions both on stocks and crypto, smacking away two unnecessary costs at the same place.
I'm not saying by no means this platform keeping the standards many needs for more advanced trades. It's a platform that's very simple to use and doesn't' look like a space-station with pipping lights and numbers in every directions like a ordinary exchange like BINANCE looks like.
Like I said in my StormGain article it's a good trading platform for beginners to learn the basics of trading, but this platform offers something far more impressive fee less trading on ETH blockchain, hmmmh okey "side-chain". But still a very good idea and released at the right point making traders far more gas less.
If someone wants to check out the platform and register you're welcome to use my referral link here
