Blockchain

Morpheus.Network hits roadmap targets, attracts fundamental-focused investors

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Global supply chains have become an area of ​​scrutiny over the past few years, with the pandemic and pressure from port backlogs causing massive shortages of everyday items.

A protocol focused on optimizing supply chain management and building strength based on data from Cointelegraph Market Pro is Morpheus.Network (MNW), a supply chain software-as-a-service middleware provider designed to integrate legacy systems with emerging technologies.

VOLTECS™ Scoreboard Leader. source: Cointelegraph Market Pro

According to data from Cointelegraph Market Pro, MNW’s market conditions have been around for a while.

Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions derived from a combination of data points. These include market sentiment, trading volume, recent price action, and Twitter activity.

VOLTECS™ score (green) and MNW price. source: Cointelegraph Market Pro

As shown in the chart above, MNW’s VORTECS™ score has been rising in the green zone for most of the past week, hitting a high of 91 on January 15 as its price started higher, surging 26% to 1.75 Dollar.

Here are three factors supporting the MNW’s building momentum.

Morepheus upgrades its smart contracts

One of the biggest factors affecting the price and momentum of MNW over the past few months is the smart contract upgrade and token swap process that kicked off on October 19, 2021.

In the process of upgrading to the new enterprise smart contracts to improve security and efficiency, there was a token swap from the old MRPH token to the new MNW token on a 1:1 basis.

With new smart contracts in place, programs stored on the blockchain are now able to execute automatically under certain terms or conditions agreed to by the parties involved, similar to real-world contracts.

These upgrades bring new levels of automation by enabling instant results while also reducing the need for third-party intermediaries.

Masternode Introduction

The integration of masternodes into the protocol structure is the second development that leads to a bullish outlook for Morpheus.Network. This results in a more decentralized network, while also giving community members the opportunity to contribute to the ecosystem in exchange for rewards.

The launch of the masternode will take place during a one-year token swap period that ends on October 19, 2022. The Alpha and Beta testing programs will offer MNW token holders an 18% APR based on the number of tokens they have staked.

The smallest node that can run requires 1,800 MNW locked. The largest node operators need to commit 360,000 MNW to validate transactions.

Morpheus.Network has set aside a bounty of 1.2 MNW for alpha and beta testing programs. 12.5% ​​of the funds will go to alpha nodes and the remaining 87.5% will be allocated to beta nodes during 2022.

related: Altcoin Roundup: Three Blockchain Protocols Heading to the Supply Chain Crisis

Investors bullish on new partnership

A third factor contributing to the rising VORTECS™ score and the optimistic outlook for MNW is the growing partner ecosystem and growing recognition by the wider supply chain community of what the protocol has accomplished.

In October 2021, Morpheus.Network was selected to receive the 2021 ISCEA PTAK Supply Chain Excellence Award at the SCTECH2021 conference. It has also been nominated as a finalist for the 2021 Enterprise Blockchain Awards.

Regarding the partnership, Morpheus.Network has joined forces with Geometric Energy Corporation and Space-X to contribute to the DOGE-1 lunar mission. This will allow the agreement to explore new ways to optimize the space supply chain.

More recently, Morpheus.Network also partnered with VIDT Datalink to help bring greater transparency and security to global supply chains.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk and you should do your own research when making a decision.