ICO review of Morpheus Labs (MITx): valuation, analysis, token cost | Digital Rating Agency
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This project doesn't have a level of investment attractiveness
No
Rating
Medium
Quality Rate
5.5 / 7.0
project concept
5.8
tokens
5.3
business model
5.3
project support
6.3
the tech
5.3
communication
5.5
team
6.7
jurisprudence
3.7
Pre ICO
finished
Start: 24/02/2018
End: 23/03/2018
ICO
finished
Start: 24/03/2018
End: 15/04/2018

Morpheus Labs

About
Sale details
Tokens

Morpheus Labs’ objective is to build an enterprise-grade blockchain platform as a service (BPaaS) with an additional blockchain app marketplace that enables organisations of any size, regardless of whether they are a two-person company or a Fortune 500 company to rapidly design, deploy and operate distributed ledgers. The platform will support a number of technologies, including Ethereum, NEM, Hyperledger Fabric, Multichain with further expansion.

A total of 1 Billion MITx will be minted. 250 million MITx will be issued to the public in this Token Generation Event. The release of the 250 million MITx is to generate sufficient funding for us and to hold us accountable for the funds. The remaining MITx will be used for business expansions and will only be released for sales according to the product roadmap. All proceeds generated from these events will be used only for product and business development.

Token distribution:

Reserve – 20%;

Ecosystem & Partnership – 30%;

Foundation (Strategy & Research) – 15%;

Token Sales – 25%;

Team – 10%.

Rate history

The first professional digital rating agency DigRate has assigned 5.2 points out of 7.0 to the Morpheus Labs project. Morpheus Labs  will provide companies and private developers with the necessary infrastructure to work with blockchain technology. The platform will consist of an integrated tools set (WorkSpace, BNR, administrator console) and a set of preconfigured tasks (DevOps marketplace, MPL) for rapid design, deployment, testing and management of distributed ledgers. The main competitors of Morpheus Labs are Unibright and Dragonchain. The advantage of Morpheus Labs over competitors, in addition to the list of supported blockchain technologies (Ethereum, NEM, Hyperledger Fabric, Multichain with further expansion), is a complex set of tools and preconfigured tasks for the implementation of a full cycle of blockchain solutions. MITx tokens will be used to purchase services and applications from blockchain developers, as well as to pay for platform services (subscription, licensing). The MITx token, based on the indicated functional, shows signs of utility-token, but there is no information about the Howey test passing. There is a mention of working MVP with a user interface in open sources, but there is no public access to the demo. An introduction to the work of MVP is possible only through demonstration videos. The working code of the crowdsale smart contract is published on Github. The project team is balanced and consists of software developers with already implemented projects, designers and marketers. Some members of the team are members of ACCESS and SFA. The road map contains detailed information on the further development of the project, including both tech and business aspects. The project is a part of Singapore State Incubator SGInnovate, that consists of an engineers and qualified specialists with experience in implementing large-scale and complex projects. They will act as project advisers. The Morpheus Labs company identifies major partners integrators, that will contribute to the entering the international market. The project established partnership with the largest Chinese technology company Momentum Works on February 24. In general, Morpheus Labs is an infrastructural b2b project with SGInnovate incubator support at the state level (Singapore). The project concept is relevant and focused on the growing field of blockchain development. The business model of the project is built around demanded services that will provide the project with stable sources of income. The opening of public access to MVP and the elimination of legal deficiencies will significantly increase investors confidence. The project team is ahead of the road map, that is a sign of high focus on the result. More information about the strengths and weaknesses of the project can be found in our review.
Token
Morpheus Labs
Price
1 MITx = 8,000 MITx = 1 ETH
Soft cap
-
Hard cap
31250 ETH
Bonuses at Pre-Sale
up to 35%
Platform
Ethereum
Token type
ERC20
Accepted
ETH
Country
Singapore

Downloads and links

Website
Review
Whitepaper
Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any of the assets or take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating assessments from Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is the official site www.digrate.com
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Disclaimer
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Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any assets and take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating operations conducted by Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is official site www.digrate.com