MORPHIES

Scroll down to mint

Name:

MORPHIE

About:

Morphies are a collection of 2,500 hand-drawn avatars, uniquely created by NFT artists REPEATR and Tombheads. Morphies are powerful, evolutionary fragments of the blockchain in both their art form and utility.

Facts

Details

The Morphies Fund

70% of the mint will be paired with equivalent MPX from the Morphex treasury to provide MPX-BNB liquidity, and 30% will go to the Morphex treasury.

The Morphies Fund is a multi-sig that will be used to store the MPX-BNB position, and will distribute all NFT stakers their LP rewards.

Burning MPX

The Morphex treasury will burn an equivalent amount of MPX in correlation to what is matched to create MPX-BNB LP.

1,000 MPX will be burned for each mint.

A full mint would result in a roughly 9% reduction in MPX supply.

Additional Utilities

Each NFT will represent the voting power of 1,000 MPX for future governance, and will earn rewards based on weight in the staking pool from the MPX-BNB LP rewards in the Morphies Fund.

NFT holders will be required to stake for rewards, and staking will be shortly released after the mint begins.