Morpher
Morpher is DeFi app for trading virtual stocks, commodities, forex, and cryptocurrencies.
Business Model: B2C
Revenue: $2M
Employees: 11-50
Rankings
Detailed Morpher Information
Geographic Data
Address: Heinestrasse 21/4
City: Vienna
State: vienna
Zip: 1020
Country: AT
Financial Info
Stage:
Raised Last:
$6M
Raised Total:$9M
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Metrics
483,382Website Global Rank
100,589Website Monthly Traffic
Twitter Followers
Description
Morpher empowers its users to trade stocks, commodities, and currencies with zero fees and infinite liquidity via Virtual Futures on Ethereum. Morpher’s users stake the protocol’s native token MPH on the price development of a market, e.g. the Apple stock. The Protocol acts as counterparty and mints/burns MPH token proportionally to the price change of the underlying. Morpher replicates the economics of trading traditional assets on the blockchain without engaging in trading the underlying. Via Morpher, intermediaries like banks, brokers, and index funds are replaced with an incorruptible protocol on Ethereum. All markets on Morpher can be shorted, traded with leverage, and are infinitely liquid 24/7. Morpher can even create entirely new markets like the cannabis spot price, corporate fundamentals, or Bitcoin transaction costs.
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