MOR is the utility token that supports the Morpheus decentralized AI ecosystem. This ecosystems is designed to incentivize the first peer-to-peer network of personal general purpose AIs that can execute Smart Contracts on behalf of a user, known as Smart Agents. The native MOR token will be used to obtain the IPS (Inference Per Second) required to interact with the various Smart Agents.
## What is the MOR utility
The main utility of the MOR token is access to the network compute resources for holders and rewards for ecosystem contributors. You will also be able to stake MOR towards frontends and smart agents you like, thereby directing community emissions to them and be rewarded in their native tokens. Additionally, MOR will be the main asset for AI projects launched in the Morpheus ecosystem, like ETH for Ethereum. Finally, all settlements between parties are also in MOR.
## How Many MOR Coins will there be in Circulation?
Morpheus launched the MOR token on Arbitrum mainnet on February 8, 2024 with 14,400 MOR tokens created on day 1. A decreasing emissions curve reduces the daily emissions by 2.468994701 MOR each day until the rewards reaches 0 on day 5,833 (~16 years). These daily emissions are split between Capital Providers (24%), Code Providers (24%), Compute Providers (24%), Community Providers (24%), and the Protection Fund (4%). The total supply of MOR will reach 42,000,000 MOR tokens over 16 years.
How to Buy MOR on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing MOR. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing MOR.
Step 5: Purchase MOR
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of MOR you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy MOR.
Step 6: Store Your MOR
After purchasing, you can choose to store your MOR in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and MOR assets, be sure to use a strong password and enable two-factor authentication.
MOR Price:Morpheus aims to incentivize the first decentralized peer-to-peer network for a general-purpose artificial intelligence (intelligent agent). The Morpheus network is supported by the MOR token, which rewards contributors who collaborate, maintain, and utilize the open-source decentralized AI infrastructure.The price fluctuates daily, you can go to the exchange: Bybitto check the price.
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