Trading is burdensome, costly, and unfair. The trading industry is full of middlemen who charge obscene fees for bad service. Traders do not have access to most markets like real estate or commodities, they can only trade during regular exchange hours, and have a hard time shorting the markets.
Morpher issues a cryptocurrency on the Ethereum blockchain that can morph into any exchange traded market by replicating its return profile. Morpher’s token can be staked on the price development of a market. A stake of 100 token on the Apple stock returns 110 token if the price of Apple increases by 10%. The smart contract mints new token for successful bets and burns token of unsuccessful bets. It replaces brokers, exchanges, and the counterparty of a trade.
Via Morpher investors have access to any market in the world on one platform. All markets can be traded 24/7, long and short, without having to pay any fees, and with infinite liquidity.
Morpher is a StartX company and backed by Tim Draper.