Morpheus Labs Joins Binance Ecosystem

Yellowblock August 14, 2019
Updated 2019/08/14 at 5:52 PM
2 Min Read

Singapore – August 14, 2019 – Morpheus Labs (MITx) has announced plans to issue a BEP-2 token on Binance Chain and has submitted a proposal to list the MITx (BEP-2) token on the Binance Decentralised Exchange.


Morpheus Labs has developed a platform to simplify decentralized applications (dapps) building for developers and its mission is to build an inclusive Blockchain Platform-as-a-Service (BPaaS) with an Application Marketplace to transform ideas into product adoption at a fraction of the cost and time to design, build and operate them.

Morpheus Labs has integrated blockchain environments of Ethereum, Hyperledger, Multichain, NEM, Vechain, Waves and NEO to date. The platform is looking to onboard blockchains tackling unique propositions, offering a plethora of tooling capabilities to developer communities.


About Binance Chain

Binance Chain is a blockchain software system developed by Binance and its community; and Binance DEX is the decentralized exchange features developed on top of Binance Chain. On Binance DEX, users maintain control of private keys and funds, ushering in a new era of peer-to-peer trading.


The Migration

The MITx token is currently running on the Ethereum network as an ERC20 token and Morpheus Labs will plan a phased migration of the MITx tokens to Binance Chain, with gradual increments number based on volumic milestones. The MITx total circulating supply remains unchanged.

Proposal for listing Morpheus Labs on Binance DEX: here


Towards a Decentralized Future.

“Morpheus Labs is on a mission to drive creation and co-existence of real world applications on the blockchain.

Binance Chain provides both low latency and high throughput for applications built on it, with a complimenting track record in liquidity and exposure for projects.

Together, we can ease barriers of entry and increase adoption of blockchain developments in global communities. Both parties share sentiments to partake in efforts working to a decentralized and healthy ecosystem.” – Chung Pei-Han, CEO, Morpheus Labs



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