Review on Morpheus Labs by Syed Adnan
Cheap and fast Blockchain adoption for enterprises and developers.
While designing the tokenomics and utility of the MITx token, it seems that it was important to the ML team to find utilities beyond MITx as a payment token. Not just the several utilities, but also the way how they are designed, ensures a max demand for the token, as every platform usage and adoption is directly and 100% correlated to MITx.
There are also several incentives and benefits within the ML ecosystem, which always lead to a holding or lockup period. As a result, token velocity will be reduced and a decreased supply could eventually result in price appreciation.
Pros
- It allow enterprises to adapt several blockchain protocols at the same time for increased efficiency.
- Also 7 different programming languages allow for more flexible development and eventually to a greater ecosystem.
- Developers and enterprises also be able to offer their developed dApps on ML’s open marketplace called AppLibrary, which will be for dApps comparable to the AppStore or the Google PlayStore for Apps.
Cons
- The idea behind BPaaS is not entirely new, hence there are several projects like ArcBlock and Blocko, but also competitors like IBM and Oracle.
