The global supply chain has become an area of intense attention in recent years, and pressures from the pandemic and lagging ports have resulted in a massive array of shortages in everyday items.
A protocol focused on optimizing supply chain management and building strength from data Cointelegraph Markets Pro is Morpheus.Network (MNW), a supply chain software-as-a-service middleware provider designed to integrate legacy systems with emerging technologies.
VORTECS™ Scoreboard Guide. Source: Cointelegraph Markets Pro
According to data from Cointelegraph Markets Promarket conditions for MNW have been favorable for some time.
Exclusive to Cointelegraph, the VORTECS™ Score is an algorithmic comparison of historical and current market conditions derived from a combination of data points. This includes market sentiment, trading volume, recent price action and Twitter activity.
VORTECS™ Score (green) vs. MNW price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS™ Score for MNW was elevated in the green for most of the past week, peaking at 91 on January 15th when its price started trending higher with a 26% increase $1.75.
Here’s a look at three factors supporting the build dynamics for MNW.
Morepheus updates its smart contract
One of the biggest factors impacting the price and momentum for MNW over the past few months has been the smart contract upgrades and token swap processes that were initiated on October 19, 2021.
the https://t.co/VDc7slHmXR MNW token is here! The exchange has now started!$MRPH -> $mnwhttps://t.co/C7XO9j67cT
— Morpheus.Network (@MNWSupplyChain) October 19, 2021
As part of the upgrade to new enterprise smart contracts for more security and higher efficiency, a token exchange from the old MRPH token to the new MNW token was carried out on a 1:1 basis.
With the new smart contracts, programs stored on the blockchain can now run automatically under specific conditions agreed upon by the parties involved, similar to real-world contracts.
These upgrades bring a new level of automation, enabling instant results while reducing the need for third parties.
Introduction of Masternodes
The integration of masternodes into the structure of the protocol was the second development responsible for the bullish outlook of the Morpheus.Network. This resulted in a more decentralized network while also giving community members the opportunity to contribute to the ecosystem in exchange for rewards.
Introducing MASTERNODES! https://t.co/whZBj2SQhj$mnw
— Morpheus.Network (@MNWSupplyChain) December 22, 2021
The launch of masternodes is scheduled to take place during the one-year token swap period, which ends on October 19, 2022. The Alpha and Beta testing programs offer MNW token holders an APR of 18% based on the number of tokens they have staked.
The smallest node available for operation requires 1,800 MNW to be locked. The largest node operators require a commitment of 360,000 MNW to validate transactions.
The Morpheus.Network provided 1.2 MNW in rewards for the alpha and beta testing programs. 12.5% of the funds will go to Alpha nodes, while the remaining 87.5% will be distributed to Beta nodes throughout 2022.
Related: Altcoin Roundup: Three blockchain protocols tackling the supply chain crisis head-on
Investors are optimistic about new partnerships
A third factor that has led to the rising VORTECS™ score and positive outlook for MNW has been a growing ecosystem of partnerships, as well as growing recognition of the protocol’s results by the broader supply chain community.
In October 2021, Morpheus.Network was awarded the 2021 ISCEA PTAK Award for Supply Chain Excellence at the SCTECH2021 conference. It was also named as a finalist in the 2021 Enterprise Blockchain Awards.
https://t.co/VDc7slHmXR is a finalist of the Enterprise Blockchain Awards 2021! Winners will be announced on Tuesday, November 16, 2021 at 7:00 p.m. EST. Show us your support by registering for the event: https://t.co/3jAmCmKFuG #Blockchain #EBA2021 @blockchainRI $mnw
— Morpheus.Network (@MNWSupplyChain) November 16, 2021
In terms of partnerships, Morpheus.Network has partnered with Geometric Energy Corporation and Space-X to contribute to the DOGE-1 mission to the Moon. This will allow the protocol to explore new ways to optimize the space supply chain.
Recently, Morpheus.Network has also partnered with VIDT Datalink to bring greater transparency and security to the world’s supply chains.
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