Morpher is a stock exchange built on Ethereum Blockchain that enables users trade 24 x 7 without the need for a counter party. This is accomplished via a token called MPH. This coins can be staked to buy any stock/cryptocurrency you want to buy. Suppose you bought Apple Stock worth 100 MPH, thinking that it will go up. If the market goes as predicted, new MPH coins will be printed by the protocol and gets added to your account if you close your buy position. If the prediction is incorrect, the staked coins are burned proportionally.
Advantages of Morpher:
- No trading fees.
- No Minimum capital requirement.
- Can create altogether new markets.
- No need for a counterparty. You can close position at any time you want.
- Infinite liquidity on all markets.
- Fractional trading. All the prices are quoted in MPH.
- High leverage.
Leverage:
- Currently, it is set at 10X. If you have 100 MPH, you can buy any stock/cryptocurrency worth 1000 MPH. So if price rises by 10%, you can make 10 times 100 MPH multiplied by 10%, which is you have gained a position of 100MPH.
Spread:
- There is a spread that is inbuilt in the prices, which is the difference between bid and ask prices. Spread serves an economic purpose. Spread is tiny amount of MPH that gets burned for every trade made.
Liquidation:
- For every virtual future created, there is an associated liquidated price. Here is a snapshot explaining the same from Morpher whitepaper.
Process:
- Open an account on Morpher - using your email ID.
- Complete KYC - You have to submit country's ID and a selfie video doing head wobble twice within the frame.
- There's an airdrop running, who ever signs up gets 100 MPH which they can use for their first trade.
My experience:
The account uses email ID as login address. The KYC got completed within minutes and 100 MPH were credited. The trade is fast and simple to execute. The display screen shows amount in MPH and leverage which you want to use. Then Click 'Buy'. Voila.. that's the first trade.
Current offers:
- As mentioned above, there is an airdrop of 100 MPH.
- For every referral you get 50 MPH. Here is my referral link, in case you are interested.
- There is a 10% bonus on every deposit made, if you do not withdraw for 185 days.
Hope you understand how the morpher works in simple language. Enjoy your free trade on Morpher.
See you again.
