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.

The MITx BEP2 listing proposal

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…