In a significant development for the AI-driven cryptocurrency sector, Morpheus has announced the listing of its native utility token, MOR, on Unocoin, one of India’s leading crypto trading platforms. This listing marks a strategic move for both entities, as it allows Unocoin to tap into the rapidly growing AI space while providing Morpheus with access to India’s vast and technologically advancing market.
Unocoin, founded in July 2013, holds the distinction of being India’s first legitimate crypto exchange. With a user base exceeding 1.5 million customers, the platform has played a crucial role in promoting the adoption of bitcoin and other cryptocurrencies in India. The decision to list MOR reflects the increasing interest among Indian investors in AI-driven crypto projects, a trend that has seen substantial growth throughout 2024.
Morpheus, known for its platform that enables the launch of Smart Agents, has positioned itself as a pioneer in the intersection of AI and blockchain technology. The platform’s structure is built on four key pillars: Code, Capital, Compute, and Builders. Compute providers on the Morpheus network are rewarded with MOR tokens for hosting AI language models, creating a unique ecosystem where token holders receive a share of the network’s compute power daily.
The listing on Unocoin comes shortly after Morpheus Open Source developers made $20 million in MOR rewards available for AI Compute Providers, following the platform’s recent mainnet launch. This move underscores Morpheus’ commitment to incentivizing participation and growth within its ecosystem.
David Johnston, an Open Source Contributor to Morpheus, expressed enthusiasm about the expansion into the Indian market, stating, ‘The intersection of AI and blockchain technology is a powder keg of innovation, and India continues to provide fertile ground for AI-centric Web3 projects to thrive.’ He anticipates 2025 to be a pivotal year for the platform’s growth and development.
The Morpheus Decentralized AI network aims to revolutionize AI compute power allocation, offering users a ChatGPT-like interface with additional features such as decentralized AI data routing, censorship-resistant access to personal AIs, and an AI marketplace. The platform’s fair launch tokenomics structure ensures equitable compensation for all participants, fostering a collaborative global community.
Currently, MOR has over 5,000 holders and is available for trading on multiple platforms, including Aerodrome, Uniswap, and CoinEx, in addition to the new Unocoin listing. The expansion of MOR’s availability is expected to contribute to the growth of the Morpheus ecosystem and the broader adoption of AI-driven blockchain technologies.
As AI agents increasingly influence economic activities, Morpheus aims to position itself at the forefront of this transformation, driving the evolution of what it terms ‘Free AI.’ The platform’s integration of large language models, the SmartContractRank algorithm, and long-term memory capabilities enhances user interactions and decision-making processes within the blockchain space.
The listing of MOR on Unocoin represents a significant step in the global expansion of AI-driven cryptocurrencies and highlights the growing intersection between artificial intelligence and blockchain technology. As these fields continue to evolve, platforms like Morpheus are poised to play a crucial role in shaping the future of decentralized AI applications and their integration into the global digital economy.
This news story relied on a press release distributed by BlockchainWire. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Morpheus’ MOR Token Listed on Unocoin Exchange, Expanding AI-Driven Crypto Presence in India.