Morpheus Labs Raises 6,200 ETH in its Private Presale; Inks New Partnership Deals

Morpheus Labs, a Singapore-based blockchain firm has seamlessly raised 6,200 ETH in its private presale exercise. The Morpheus token generation event kicks off on March 9, 2018. Early contributors stand will receive an array of mouthwatering bonuses.

Morpheus Labs is a Blockchain-Platform-As-a-Service (BPaaS) for enterprises. The firm’s private presale ended on February 24, on a very impressive note.

The private presale attracted a lot of big players in the blockchain industry, enabling the project to gather $30 million in written commitments from investors all around the world, on a limited invitation basis.

After successfully ending the private presale, Morpheus immediately launched its Crowdsale. The TGE is divided into various stages, with different bonuses available for investors across all stages.

The first stage of the TGE is ongoing and users will get a whopping 35 percent bonus on their contributions.

The second stage begins on March 9 and runs until March 23, offering investors a  20 percent bonus.

The third stage begins after the end of the second stage. It will end on April 15, 2018, and users are not entitled to any bonuses.

The Co-founder of Morpheus Labs, Chuang Pei-Han stated that:

“We are very excited and thankful for our community and early supporters. The private sale was a true testament to our product, team, and strategic vision to bring value to the blockchain industry by making blockchain more accessible for enterprises globally.”

There is a hard cap target of $25 million in the TGE. There is a total of 1 billion MITx tokens of which 250 million MITx tokens will be sold during the Crowdsale.

Investors can buy MITx tokens with ethereum, at a conversion rate of 1 ETH = 8,000 MITx tokens.


The Morpheus team has inked a partnership deal with Momentum works, a firm that’s based in Singapore.  Momentum works is a venture capitalist and will collaborate with Morpheus to make the project successful.

Momentum works have an excellent track record in the industry. The firm offers consultancy services to startups in the tech ecosystem. The company is funded by big whales in the blockchain technology industry and fully understands the Asian tech ecosystem.

The partnership is a symbiotic one as both firms will benefit immensely from the experience of each other. With this partnership, Morpheus will be able to gain access to the best talents in the region as well as revenue generating firms.

Morpheus Labs in Brief

As stated earlier, Morpheus offers blockchain technology services for enterprises. The firm has a blockchain app marketplace that lets companies to quickly create, deploy and use their very own blockchain.

Morpheus was established by a team of experts in the AI, the blockchain, mobile app, Cybersecurity and IoT industries in Asia and Europe.

Morpheus Labs function offers both B2b services and B2C service for freelancers or individual developers.

The platform supports distributed hosting for blockchain network nodes and off-chain applications.

It also helps in the development, servicing and regulating blockchain networks.

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