The Morpheus.Network team has been very busy over the past several weeks and we have some exciting announcements that we’d like to share with our incredible community.

1. Development of Morpheus.Network V1 ahead of schedule.

Our first announcement is that the development team behind V1 of Morpheus.Network’s supply chain platform is currently ahead of schedule. V1 has already been demoed internally for our advisors and core team, and pretty soon we will have “first look” available for our community to check out. Keep your eyes open for more information later this month in Dev Update #2.

2. We are reducing the token sale hard cap to $18 million USD.

In addition to our early success on the software development side as discussed above, we have also seen unexpected success on the business development side as well. So much so, in fact, that we realized our initial budget projections for the project had become outdated and much higher than what we actually needed to complete the project. As a result, we’re delighted to report that we will be reducing the token sale hard cap from $36 million USD to $18 million USD, and also, as per the original terms of the token sale agreement, we will be burning 36 million MORPH tokens to coincide with the reduction in the hard cap. We felt that there’ was absolutely no reason to raise more funds than we needed to accomplish our goals, and it made much more sense for us to take this step which is a way to give back to the community that has supported what we’re all trying to accomplish with Morpheus.Network.

Take the conversation to Telegram — join us here for ongoing discussions about Morpheus.Network’s platform and token sale. You can also begin contributing by creating an account at tokens.morpheus.network.

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