Trade Stocks, Cryptocurrency and the Forex markets 24/7 on Morpher starting with as little as $1 or as much as you can. This post is an attempt to provide you a comprehensive Morpher Review; so stay with me as we begin this exciting journey into this hot new virtual futures trading platform.
What is Morpher
Morpher Review
Morpher is the first of a kind Virtual Futures trading platform offering round the clock (24/7) trading of cryptocurrencies and various financial instruments with zero fees and infinite liquidity. Meaning that you can trade any market, anytime and in any direction; giving you advantages that aren’t possible within the regular crypto trading and traditional markets.
Morpher was founded by Martin Froehler and Denis Bykov in April, 2018; and is backed by Tim Draper (American Venture Capitalist) who is the main investor through his venture capital firm Draper Associates. Morpher was also part of the StartX accelerator and Stanford Venture Studio out of the Stanford Business School programs.
The Company is based in Vienna, Austria; and operates under EU laws. More importantly, it is working to secure official licensing from the European Financial Market Authorities prior to its launching scheduled for some time around May 2020.
Morpher Review: How Does Morpher Work?
Morpher Review
Unlike the regular exchanges, like Binance, KuCoin, Bakkt and other traditional stock exchanges; Morpher is not really an exchange, market maker, or a brokerage firm; but an interface or platform where users place trades by interacting directly with a Virtual Future.
Users place trades directly with the smart contract and if you win a trade you earn more Morpher Tokens, but if you lose the tokens are burned.
The Ethereum based blockchain protocol accepts and processes all orders instantly and automatically with no need for order matching. You can open and close your trade positions instantly and automatically, without the need to find a counterparty or intermediary for that trade.
More so, your account balances in Morpher will be denominated in Morpher Tokens (an ERC20 cryptocurrency), thus is subject to price fluctuations based market movements. As a result, one could still make losses even if your price predictions are correct if the price of the Morpher Tokens should drop as is usual with all cryptocurrencies.
What are Virtual Futures
Virtual Futures are synthetic instruments; built on the Ethereum blockchain that enables users to trade the various markets without limitations. The prices of Virtual Futures can be derived from stocks, currencies, commodities, indices, cryptocurrencies, ETFs, as well as other alternative investment assets.
Unlike actual futures, Virtual Futures do not expire, meaning they can track their underlying markets in perpetuity and that’s what makes it possible to trade stocks and the forex market in real time, including on weekends and nights on Morpher even when the traditional markets are closed.
More so, Virtual Futures do not provide ownership of the underlying markets that they emulate; neither are they tradable, transferable, or standardized investment assets; nor do they represent a share, ownership, or other claim with respect to an investment undertaking of the underlying market.
Virtual Futures are also not based on a contractual relationship. They are not derivatives, CFDs, securities, derivative securities, money-market instruments, or any other financial instrument under MiFID II and the Austrian Securities Supervision Act.
They are not options, futures, swap or forward rate agreements because there is no obligation for future performance at certain or designated future date.
When Is Morpher Launching the Virtual Futures Trading Platform’
The official launch of the Morpher trading platform is scheduled to be some time two (2) months from now –around May 2020.
However, before then users can enroll to be included in the waiting list and enjoy the airdrop of 2000 of the Morpher native ERC-20 token which is estimated to be worth $60.
So, if you have always wanted to invest in cryptocurrency or even in some of the big Companies like Apple, Tesla, Facebook, and the hundreds of other Fortune Companies shares and stocks; you can get $60 in crypto for free on Morpher to get started with.
How Do I Join the Wait list and Get Morpher Token Airdrop?
Earn up $60 in the Morpher Airdrop
Below are the simple steps you need to follow to join the wait list and earn free Morpher Tokens:
- Visit the Morpher website (my referral link –thanks for supporting us) Sign up for early access & token airdrop of up to $60 to be airdropped into your account upon launch of the platform.
- Complete the required basic KYC requirement successfully by uploading your drivers license or passport.
- You can earn extra 1000 of the Morpher tokens worth $30 per person you refer to the platform using your referral link. So if you refer 1000 people to the platform, you’re getting extra $30,000 worth of the Morpher token which you access upon launch.
- All users must complete KYC to enjoy the airdrop, so no room for cheating or bot registrations
- The token supply to be airdropped is limited to the first 10, 000 airdrop participants; so the earlier you get in the best chance you have to get a cut of the pie.
NOTE: If you are from any of the countries below, you may be out of luck at the moment as the Company may not be able to airdrop the tokens to you due to regulatory requirements: “United States, Afghanistan, American Samoa, The Bahamas, Botswana, Democratic People’s Republic of Korea, Ethiopia, Ghana, Guam, Iran, Iraq, Libya, Nigeria, Pakistan, Panama, Puerto Rico, Samoa, Saudi Arabia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, US Virgin Islands, Yemen.”
However, you can still register and trade directly from your Ethereum wallet using their trading dApp. So, though your country may not be supported immediately, you can still access the platform using the Ethereum smart contract interface.
Morpher Review: How is Morpher Different from Other Futures Trading Platforms?
Morpher Review
Almost all the major exchanges have a futures trading platform where you can go short or long on any cryptocurrency that’s available to be traded; do we really need just another futures trading platform –NO! Morpher offers much more than that. Here’re a few highlight of Morpher’s key differentiators
- Aside Cryptocurrency, you can trade other financial instruments such as stocks and Company shares.
- You are the custodian of your own funds; Morpher does not safeguard or hold any private cryptographic keys to your funds, including wallets that hold Morpher Tokens. You retain full control over your private keys even as you interact with the Morpher blockchain protocols.
- Traditional markets have closing times and are off during weekends but not Morpher. Trade your favourite instruments round the clock every single all year. No breaks, no holidays, now weekends.
- Morpher enables you to invest from as little as $1 in any stock or Company shares to as much as you can afford. No minimum requirements, so everyone can participate based on their abilities.
- Go short or long on any of the products available for trading with infinite liquidity and zero fees. The exchange does not charge users any fees to trade or use the platform. More so, your trades do not incur slippage or fees from market movements.
You sure haven’t seen anything like it.
Conclusion
Morpher rebuilt the financial markets from the ground up on the Ethereum Blockchain. The result is that there are no counterparties or middlemen, traders can access their favourite markets just by interfacing your Ethereum wallet with the exchange and trading directly with a smart contract; thus by passing the geographical barriers and limitations imposed by legal requirements.
More importantly, the smart contract is not betting against the trader either. Some of the immediate benefits are the ability to invest any amount in any market; you don’t need to worry about the price of a share of stock or 1 ounce of gold.
Trade both cryptocurrency and traditional stock markets 24/7, all year long without closing hours, weekend breaks or holidays. Go long or short on any instrument and make money in all market conditions.
More so, the democratization of trading and investing – bringing global stocks/commodities/forex to users around the world; is arguably the most important feature of the Morpher platform.
Morpher aim is to bring high quality trading and investing, accessible to users all around the world, especially to countries where assets like US stocks have historically been hard to access. Bringing a paradigm shift in how markets work and creating new markets that just aren’t possible in traditional finance.
This post first appeared on CryptoSorted.Info
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