Morpheus Infrastructure Nodes
(MIND)
Token Migration
1:1.5 Conversion Ratio
For each MITx Token, you are entitled to swap for 1.5 MIND Tokens
(Supports migration on Ethereum and Polygon)
Grow the ecosystem via MIND token
About the Morpheus Infrastructure Nodes (MIND) Token
Committed to facilitating the Web3
transformation, MIND token signifies a
major strategic initiative. It supports the
growing Web3 ecosystem, and is
instrumental in driving the long-term growth of
stakeholder value
Incentivisation
We have introduced an innovative tokenomics model designed to reward users for their active involvement on the platform. This includes incentives for staking tokens, engaging in governance activities, and participating in various community initiatives. Such a model aligns seamlessly with our objectives of amplifying community engagement and cultivating user loyalty.
Expansion of Services and Market Reach
Our multi-utility token enables us to cater to a broader spectrum of market segments, thereby enhancing our market reach. This strategy facilitates our expansion into new markets and sectors, broadening our commercial footprint.
Alignment with Blockchain's Core Values
The MIND token fosters a more decentralized ecosystem, in line with the fundamental principles of blockchain technology. Users are empowered to utilize MIND tokens for a diverse range of services on the SEED platform. This integration enhances the user experience, making interactions more seamless and user-friendly.
Frequently Asked Question
Is the new token still an ERC20 token?
Yes, the new token is still an ERC20 token available on both Ethereum and Polygon Network
Why is the ERC20 token name being changed from MITx to a new token?
A new token name helps to
differentiate the new token from the
old one. This reduces confusion and
makes it clear that the new token
operates under a new set of rules
and functionalities, separate from
the old one.
A new token name
can symbolize a significant upgrade.
It can signify major changes in our
project, with evolved strategic
business pivot.
With a new
name, it becomes easier for all the
stakeholders to track the new
token's progress distinct from the
old one on tracking websites,
forums, social media, etc.
Will there be any fees associated with the token migration process?
For manual migration from the web portal, token holders need to pay gas fee for the migration transaction. For auto migration from exchanges, that will depend on the policies from the exchanges. Refer to the Token migration user guide for the details.
What happens if investors send their MITx tokens to the wrong address during the migration process?
If MITX tokens are sent to wrong address for Token migration, the MITX tokens will be lost. Only perform token migration from the exchanges officially appointed for the token migration or perform manual migration from the web portal provided by Morpheus Labs.
View More
or