Morph Chain (N/A)

Morph, a modular L2 network, was founded by the ex-CEO of the worldwide leading crypto exchange - Phemex. Leveraging such rich team experience in researching and tailoring web3 products to specific consumer needs, it aims to make blockchain technology more accessible for both developers and consumers. 

Leveraging a hybrid rollup infrastructure, it combines all the main benefits of the Optimistic and ZK-powered rollups, ensuring the best user experience for its consumers on the network. Morph chain, being a modular network, consists of three main parts, each being tailored to the mass adoption of the chain:

• Decentralized sequencer: Transaction execution layer designed to enhance the security of the network. By decentralizing the sequencer, Morph l2 prevents MEV monopolies and transaction censorship, ensuring high availability, resilience, and fairness in transaction processing
• Optimistic zkEVM: Initially, the chain operates in the “optimistic” approach and moves to the ZK proof on the sequencer level only when the transaction is contested. Such a hybrid approach allows Morhp to keep its transactions fast and cheap without compromising any level of security.
• Rollup contract: A key component of the network, transferring the data from the L2 to the Ethereum network, batching the transactions together to achieve increased scalability of the Morph crypto network

For more details about the Morph infrastructure, check out its docs.

🪙 Morph token: Since Morph mentions decentralized sequencing on its rollup, we assume the potential Morph token mat plays not only the governance role but also powering this competent of the chain. However, there is no publicly available info on whether the platform is going to release its native token and conduct Morph airdrop or not.

Nevertheless, with the recent launch of the beta mainnet, the token release may occur at any time now. Considering this info, the CoinLaunch team conducted a comprehensive analysis of the Morph crypto project and prepared a list of its most notable pros and cons, so you can decide whether to join a potential Morph retrodrop or not: 

✅ Morph pros:

• Decent design & concept of the product;
• Security audit from Trail of Bits - a leading security company;
• Good PR and Influencer Marketing performance;
• Above the average SEO, Growth Marketing, and SMM;
• Multiple top-tier backers, such as Dragonfly Capital, Pantera Capital, and others;
• Small but strong network of top tier partners;
• A solid track record of the core team members having worked in CoinDesk, Phemex (CEO of Morph is an ex-CEO of Phemex exchange), Consensus, and Binance.

❌ Morph cons:

• No tokenomics;
• The product is only at the Beta stage;
• Expect the Trail of Bits, there are no other security audits;
• No bug bounty program; 
• Very weak marketing infrastructure.