Morpheus Labs Tokenomics Update 2020

Part II of II: Tokenomics Update

Earlier last week, we launched our 4th-anniversary campaign with plenty of updates that we can’t wait to share with everyone in the Morpheus Labs community. As we’re preparing to usher in the last quarter of the year, let us share with you some much-awaited insights into our updated tokenomics in this 2020 report.

The following percentage indicated are based on the initial total supply of 1,000,000,000 MITx (ie. 100%).

Key Metrics

• ERC-20 Ticker — MITx
• Contract Address — 0x4a527d8fc13c5203ab24ba0944f4cb14658d1db6
• Decimal Places — 18
• Existing Total Token Supply — 746,999,995 MITx
• Post-Burn Total Token Supply (After 4th October 2022) — 700,000,000 MITx
• Existing Total Token Burn — 253,000,005 MITx
• Total Token Burn (After 4th October 2022) — 300,000,000 MITx
• Existing Circulating Supply — 391,903,057 MITx

Existing Tokenomics Update

For those of you who have followed us since 2018, you’d have seen our token distribution model. To date, we’ve five (5) company-held wallets that were catered to varying purposes.